Kraft Heinz Company Stock Forecast
Kraft Heinz Company stock price ended at $36.90 on Wednesday, after gaining 0.85%.
(Updated on Apr 17, 2024)
The Kraft Heinz Company stock price gained 0.85% on the last trading day (Wednesday, 17th Apr 2024), rising from $36.59 to $36.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.28% from a day low at $36.47 to a day high of $36.94. The price has fallen in 6 of the last 10 days and is down by -1.26% for this period. Volume fell on the last day by -3 million shares and in total, 6 million shares were bought and sold for approximately $227.64 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.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $37.30 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Kraft Heinz Company stock with a 90% probability to be traded between $33.36 and $36.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
KHC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -1.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $36.61 and $35.89. A breakdown below any of these levels will issue sell signals. 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.
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 with a target of $36.25. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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 $0.468 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: $35.56 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KHC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect The Kraft Heinz Company to open at $36.77, and during the day (based on 14 day Average True Range), to move between $36.38 and $37.42, which gives a possible trading interval of +/-$0.522 (+/-1.41%) 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 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.06 (0.43%) than the support at $35.35 (4.20%), 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?
Kraft Heinz Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.292 Hold/Accumulate Unchanged
Predicted Opening Price for The Kraft Heinz Company of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $36.77 ( 0.354%) | $36.90 |
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 | 37.24 | 0.91 % | |
| R2 | 37.06 | 0.430 % | ||
| R1 | 36.95 | 0.130 % | ||
| Current price: | 36.90 | |||
| Support | S1 | 36.59 | -0.84 % | |
| S2 | 36.48 | -1.14 % | ||
| S3 | 36.30 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.21 | 0.84 % | |
| R2 | 37.15 | 0.678 % | ||
| R1 | 37.06 | 0.434 % | ||
| Current price | 36.90 | |||
| Support | S1 | 35.35 | -4.20% | |
| S2 | 35.28 | -4.39% | ||
| S3 | 34.16 | -7.43% |
KHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 07, 2024 | Mar 29, 2024 | $0.400 | 1.08% |
| 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
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