Kraft Heinz Company Stock Forecast
Kraft Heinz Company stock price ended at $38.37 on Thursday, after losing 0.519%.
(Updated on Apr 25, 2024)
The Kraft Heinz Company stock price fell by -0.519% on the last day (Thursday, 25th Apr 2024) from $38.57 to $38.37. During the last trading day the stock fluctuated 2.30% from a day low at $38.09 to a day high of $38.96. The price has risen in 7 of the last 10 days and is up by 4.89% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -604 thousand shares and in total, 7 million shares were bought and sold for approximately $253.94 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $38.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.57% during the next 3 months and, with a 90% probability hold a price between $35.82 and $39.58 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KHC Signals & Forecast
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 $37.85 and $36.36. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.519%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kraft Heinz Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.35 and $35.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kraft Heinz Company finds support just below today's level at $35.35. If this is broken, then the next support from accumulated volume will be at $35.28 and $34.16.
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 $0.88 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $36.87 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KHC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect The Kraft Heinz Company to open at $38.47, and during the day (based on 14 day Average True Range), to move between $37.76 and $38.98, which gives a possible trading interval of +/-$0.605 (+/-1.58%) 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 3.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.57 (0.52%) than the support at $35.35 (7.87%), 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.
Earnings coming up
Kraft Heinz Company will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.680. We will update the financials statements for Kraft Heinz Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.09% in the first trading day after earnings release.
Is The Kraft Heinz Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kraft Heinz Company stock to perform well in the short-term.
Current score: 2.570 Buy Candidate Unchanged
Predicted Opening Price for The Kraft Heinz Company of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $38.47 ( 0.265%) | $38.37 |
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 | 39.35 | 2.55 % | |
| R2 | 39.01 | 1.67 % | ||
| R1 | 38.81 | 1.14 % | ||
| Current price: | 38.37 | |||
| Support | S1 | 38.14 | -0.606 % | |
| S2 | 37.93 | -1.14 % | ||
| S3 | 37.60 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 38.57 | 0.521 % | ||
| Current price | 38.37 | |||
| Support | S1 | 35.35 | -7.87% | |
| S2 | 35.28 | -8.05% | ||
| S3 | 34.16 | -10.97% |
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
Click here for our free guide on how to buy Kraft Heinz Company Stock.
