The Greedy Trader Weekly Analysis
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Daily W%R:< 30
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 5/10/2024 -
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Kroger Co. (KR) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the Kroger Co. (KR). During the week, the KR gained 1.12 points, or 2.04%, and closed at 55.90 on Friday, May 10, 2024. Weekly volume was -18% below average.

Long-term trend: [See KR long-term trend chart]
A long-term uptrend had started on October 17, 2022 at 41.82 and reached 58.34 on April 3, 2024. KR gained -16.52 points, or -39.50%, in 76 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (42.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 November 17, 2023 at 42.10 and reached 58.34 on April 3, 2024. KR gained -16.24 points, or -38.57%, in 19 weeks. The price is now at the 15.02% retracement level.

Weekly Technical Indicators: [See KR weekly technical indicators chart]
Weekly technical indicators are neutral. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 15, 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 KR short-term trend chart]
A short-term downtrend had started on April 3, 2024 at 58.34 and reached 54.23 on May 3, 2024. KR lost 4.11 points, or 7.04%, in 30 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 54.00 and resistance is at 56.20. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See KR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 distance between the Bollinger Bands is falling, and it was 3.79% on Friday. It is 50.56% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.23
Williams' Percentage Range (W%R) 76.70
Lane's Stochastic (%D-Slow) 61.29
Greed/Fear Indicator (GFI) 41.95
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.66
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 73.30
Greed/Fear Indicator (GFI) 71.52
Moving Average Converg./Diverg. (MACD) 2.25
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 57.16
Upper Bollinger Band 56.54
Weekly Trendline Resistance 56.20
Price 55.90
20 Day Moving Average 55.53
50 Day Moving Average 55.48
Daily Stochastic Crossing 55.37
Lower Bollinger Band 54.41
Parabolic System 54.18
Weekly Trendline Support 54.00
Quarterly Trendline Resistance 50.26
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Food Retail 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.23
Low Date 05/03/2024
High 55.97
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 56.20
Support 54.00
High 58.34
High Date 04/03/2024
Low 54.23
Low Date 05/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.10
Low Date 11/17/2023
High 58.34
High Date 04/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 50.26
Support 42.13
Low 41.82
Low Date 10/17/2022
High 58.34
High Date 04/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.69
Low Date 10/02/2017
High 62.78
High Date 04/08/2022
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.