The Kroger Co. Stock Forecast
Stronger technical forecast for The Kroger Co. stock price after Friday trading.
(Updated on Jun 28, 2024)
The The Kroger Co. stock price gained 0.670% on the last trading day (Friday, 28th Jun 2024), rising from $49.29 to $49.62. During the last trading day the stock fluctuated 0.536% from a day low at $49.41 to a day high of $49.68. The price has been going up and down for this period, and there has been a -1.02% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $154.07 thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.88% during the next 3 months and, with a 90% probability hold a price between $42.72 and $44.78 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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0JS2.L Signals & Forecast
There are mixed signals in the stock today. The The Kroger Co. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.90 and $52.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.670%. 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). The Kroger Co. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for The Kroger Co. stock
The Kroger Co. finds support from accumulated volume at $49.29 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 $0.265 between high and low, or 0.536%. For the last week the stock has had daily average volatility of 0.740%.
Our recommended stop-loss: $46.58 (-6.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (0JS2.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Kroger Co. to open at $49.57, and during the day (based on 14 day Average True Range), to move between $48.83 and $50.41, which gives a possible trading interval of +/-$0.791 (+/-1.59%) up or down from last closing price. If The Kroger Co. takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.29 (0.67%) than the resistance at $51.88 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Kroger Co. stock A Buy?
The Kroger Co. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for The Kroger Co. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $49.57 ( 0.104%) | $49.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0JS2.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.83 | 0.430% |
| R2 | 49.73 | 0.226% |
| R1 | 49.67 | 0.0999% |
| Price | 49.62 | |
| S1 | 49.47 | -0.308% |
| S2 | 49.40 | -0.434% |
| S3 | 49.30 | -0.638% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.40 | 11.65% |
| R2 | 55.23 | 11.31% |
| R1 | 51.88 | 4.55% |
| Price | 49.62 | |
| S1 | 49.29 | -0.665% |
| S2 | 0 | - |
| S3 | 0 | - |
0JS2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 01, 2024 | $0.290 | 0.558% |
| 2 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.290 | 0.585% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 14, 2023 | $0.290 | 0.653% |
| 4 | Aug 14, 2023 | Aug 14, 2023 | Aug 14, 2023 | $0.290 | 0.598% |
| 5 | May 12, 2023 | May 12, 2023 | May 12, 2023 | $0.260 | 0.531% |
FAQ
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