RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KHC
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Kraft Heinz Company stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Kraft Heinz Company stock price gained 0.440% on the last trading day (Wednesday, 27th Mar 2024), rising from $36.37 to $36.53. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.28% from a day low at $36.38 to a day high of $36.84. The price has risen in 9 of the last 10 days and is up by 5.79% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately $186.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -8.04% during the next 3 months and, with a 90% probability hold a price between $30.01 and $33.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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KHC Signals & Forecast

Mostly positive signals in the chart today. The Kraft Heinz Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.88 and $35.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 6.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Kraft Heinz Company stock

Kraft Heinz Company finds support from accumulated volume at $35.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.465 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.13%.

The Kraft Heinz Company stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Kraft Heinz Company has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $35.20 (-3.65%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (KHC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect The Kraft Heinz Company to open at $36.58, and during the day (based on 14 day Average True Range), to move between $36.00 and $37.06, which gives a possible trading interval of +/-$0.525 (+/-1.44%) up or down from last closing price. If The Kraft Heinz Company takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.15 (1.70%) than the support at $35.35 (3.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The Kraft Heinz Company stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.097 Buy Candidate Upgraded

Predicted Opening Price for The Kraft Heinz Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$36.58 ( 0.141%) $36.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KHC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.05 1.41 %
R2 36.87 0.93 %
R1 36.76 0.628 %
Current price: 36.53
Support S1 36.40 -0.345 %
S2 36.29 -0.645 %
S3 36.12 -1.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.12 4.35 %
R2 37.21 1.86 %
R1 37.15 1.70 %
Current price 36.53
Support S1 35.35 -3.23%
S2 35.28 -3.42%
S3 34.16 -6.49%

KHC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Mar 07, 2024 Mar 29, 2024 $0.400 1.09%
2 Nov 30, 2023 Nov 30, 2023 Dec 29, 2023 $0.400 1.08%
3 Aug 02, 2023 Aug 31, 2023 Sep 29, 2023 $0.400 1.19%
4 May 03, 2023 Jun 05, 2023 Jun 30, 2023 $0.400 1.13%
5 Feb 15, 2023 Mar 09, 2023 Mar 31, 2023 $0.400 1.03%

FAQ

What is the symbol for Kraft Heinz Company Stock and on which exchange is it traded?
The symbol for Kraft Heinz Company is KHC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kraft Heinz Company Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Kraft Heinz Company Stock?
Kraft Heinz Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kraft Heinz Company Stock.

What's the current price of Kraft Heinz Company Stock?
As of the end of day on the 2024-03-27, the price of an Kraft Heinz Company (KHC) share was $36.53.

What is the 52-week high and low for Kraft Heinz Company Stock?
The 52-week high for Kraft Heinz Company Stock is $41.47 and the 52-week low is $30.68.

What is the market capitalization of Kraft Heinz Company Stock?
As of the 2024-03-27, the market capitalization of Kraft Heinz Company is 44.12B.

When is the next earnings date for Kraft Heinz Company?
The upcoming earnings date for Kraft Heinz Company is May 01, 2024.
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About The Kraft Heinz Company

Kraft Heinz Company The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company also offers dressings, healthy snacks, and other categories; and spices and other seasonings. It sells its product... KHC Profile

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