The Kraft Heinz Company Stock Forecast

The Kraft Heinz Company stock price down 0.275% on Tuesday
(Updated on Jun 25, 2024)

KHNZ.DE Signals & Forecast

There are mixed signals in the stock today. The The Kraft Heinz Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 32.11€. On a fall, the stock will find some support from the short-term average at 30.66€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Kraft Heinz Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found.

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

The Kraft Heinz Company finds support from accumulated volume at 30.66€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.235€ between high and low, or 0.762%. For the last week, the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KHNZ.DE) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect The Kraft Heinz Company to open at 30.94€, and during the day (based on 14 day Average True Range), to move between 30.35€ and 31.41€, which gives a possible trading interval of +/-0.532€ (+/-1.72%) 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 3.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 30.66€ (0.71%) than the resistance at 33.12€ (7.25%), 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 Kraft Heinz Company stock A Buy?

The Kraft Heinz Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.790 Sell Candidate Unchanged

Predicted Opening Price for The Kraft Heinz Company of Wednesday, June 26, 2024

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