The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 4
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/19/2024 -
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Kellogg Co. (K) Technical Analysis

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Summary:
Weekly :
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Kellogg Co. (K). During the week, the K gained 1.96 points, or 3.54%, and closed at 57.38 on Friday, April 19, 2024. Weekly volume was -24% below average.

Long-term trend: [See K long-term trend chart]
A long-term downtrend had started on October 31, 2022 at 77.17 and reached 47.63 on October 12, 2023. K lost 29.54 points, or 38.28%, in 49 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.57 and resistance is at 62.95. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See K medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 47.63 and reached 58.23 on January 3, 2024. K gained -10.60 points, or -22.25%, in 11 weeks. The price is now at the 8.02% retracement level.

Weekly Technical Indicators: [See K weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See K short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 55.01 and reached 57.66 on April 19, 2024. K gained -2.65 points, or -4.82%, in 3 days. The price is now at the 10.57% retracement level.

Daily Technical Indicators: [See K daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 10, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.32
Williams' Percentage Range (W%R) 42.10
Lane's Stochastic (%D-Slow) 40.49
Greed/Fear Indicator (GFI) 50.24
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.48
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 71.87
Greed/Fear Indicator (GFI) 68.97
Moving Average Converg./Diverg. (MACD) -1.08
Trading Signals
Description Value Chart
Yearly Trendline Resistance 62.95
Upper Bollinger Band 57.82
Price 57.38
Weekly Stochastic Crossing 56.72
20 Day Moving Average 56.57
Daily Stochastic Crossing 56.28
50 Day Moving Average 55.53
Parabolic System 54.95
Lower Bollinger Band 54.68
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Packaged Foods & Meats 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.01
Low Date 04/16/2024
High 57.66
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.01
Low Date 04/16/2024
High 57.66
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.98
High Date 04/04/2024
Low 55.01
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.63
Low Date 10/12/2023
High 58.23
High Date 01/03/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 62.95
Support 33.57
High 77.17
High Date 10/31/2022
Low 47.63
Low Date 10/12/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.