The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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Kroger Co. (KR) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought area
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe 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 Kroger Co. (KR). During the week, the KR gained 2.83 points, or 4.78%, and closed at 62.06 on Friday, December 13, 2024. Weekly volume was 50% above average.

Long-term trend: [See KR long-term trend chart]
A long-term uptrend had started on November 17, 2023 at 42.10 and reached 63.59 on December 12, 2024. KR gained -21.49 points, or -51.05%, in 55 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (53.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See KR medium-term trend chart]
A medium-term uptrend had started on June 27, 2024 at 49.04 and reached 63.59 on December 12, 2024. KR gained -14.55 points, or -29.67%, in 24 weeks. The price is now at the 10.52% retracement level.

Weekly Technical Indicators: [See KR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See KR short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 50.69 and reached 63.59 on December 12, 2024. KR gained -12.90 points, or -25.45%, in 92 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See KR daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 60.46
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 51.47
Greed/Fear Indicator (GFI) 67.62
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.46
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 79.14
Greed/Fear Indicator (GFI) 78.03
Moving Average Converg./Diverg. (MACD) 1.57
Trading Signals
Description Value Chart
Upper Bollinger Band 62.93
Price 62.06
Weekly Stochastic Crossing 61.70
Daily Stochastic Crossing 61.45
20 Day Moving Average 59.73
50 Day Moving Average 58.13
Parabolic System 58.10
Lower Bollinger Band 56.76
Monthly Trendline Support 53.79
Monthly Trendline Resistance 52.99
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Food Retail 113
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 50.69
Low Date 09/11/2024
High 63.59
High Date 12/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.04
Low Date 06/27/2024
High 63.59
High Date 12/12/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 52.99
Support 53.79
Low 42.10
Low Date 11/17/2023
High 63.59
High Date 12/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.82
Low Date 10/17/2022
High 63.59
High Date 12/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.69
Low Date 10/02/2017
High 63.59
High Date 12/12/2024
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.