Kraft Heinz Company Stock Forecast
Kraft Heinz Company stock price ended at $36.90 on Thursday, after gaining 1.01%.
(Updated on Mar 28, 2024)
The Kraft Heinz Company stock price gained 1.01% on the last trading day (Thursday, 28th Mar 2024), rising from $36.53 to $36.90. It has now gained 10 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 0.90% from a day low at $36.65 to a day high of $36.98. The price has risen in 10 of the last 10 days and is up by 7.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $254.49 million.
Given the current short-term trend, the stock is expected to fall -7.76% during the next 3 months and, with a 90% probability hold a price between $30.10 and $34.04 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 $36.11 and $35.48. 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 8.02%. 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 is rising along with the price. This is considered to be a good technical signal.
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 $0.330 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.12%.
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 10 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: $35.50 (-3.80%) (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 30 days ago.)
Trading Expectations (KHC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Kraft Heinz Company to open at $36.84, 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 +/-$0.520 (+/-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 2.82% 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 (0.68%) 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?
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.
Current score: 1.102 Buy Candidate Unchanged
Predicted Opening Price for The Kraft Heinz Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$36.84 ( 0.154%) | $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 | 37.17 | 0.741 % | |
R2 | 37.05 | 0.399 % | ||
R1 | 36.97 | 0.188 % | ||
Current price: | 36.90 | |||
Support | S1 | 36.72 | -0.495 % | |
S2 | 36.64 | -0.706 % | ||
S3 | 36.51 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.12 | 3.31 % | |
R2 | 37.21 | 0.84 % | ||
R1 | 37.15 | 0.678 % | ||
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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