The Kraft Heinz Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
The Kraft Heinz Company stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The The Kraft Heinz Company stock price gained 0.264% on the last trading day (Friday, 14th Jun 2024), rising from 30.26€ to 30.34€. During the last trading day the stock fluctuated 0.89% from a day low at 30.20€ to a day high of 30.47€. The price has been going up and down for this period, and there has been a -5.67% 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, 8 thousand shares were bought and sold for approximately 228.04€ thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 30.22€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.08% during the next 3 months and, with a 90% probability hold a price between 28.39€ and 32.58€ at the end of this 3-month period.
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KHNZ.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.264%. Further rise is indicated until a new top pivot has been found. The Kraft Heinz Company 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Kraft Heinz Company 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 31.05€ and 32.88€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Kraft Heinz Company stock
The Kraft Heinz Company finds support from accumulated volume at 30.26€ 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 0.270€ between high and low, or 0.89%. For the last week, the stock has had daily average volatility of 2.50%.
The Kraft Heinz Company is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: 28.36€ (-6.54%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (KHNZ.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect The Kraft Heinz Company to open at 30.34€, and during the day (based on 14 day Average True Range), to move between 29.71€ and 30.97€, which gives a possible trading interval of +/-0.626€ (+/-2.06%) 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 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 30.26€ (0.26%) than the resistance at 33.12€ (9.16%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.633 Hold/Accumulate Upgraded
Predicted Opening Price for The Kraft Heinz Company of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 30.34€ ( 0.0110%) | 30.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KHNZ.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.61 | 0.88% |
| R2 | 30.50 | 0.539% |
| R1 | 30.44 | 0.329% |
| Price | 30.34 | |
| S1 | 30.23 | -0.351% |
| S2 | 30.17 | -0.561% |
| S3 | 30.07 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.71 | 17.68% |
| R2 | 33.23 | 9.51% |
| R1 | 33.12 | 9.16% |
| Price | 30.34 | |
| S1 | 30.26 | -0.264% |
| S2 | 0 | - |
| S3 | 0 | - |
KHNZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 28, 2024 | 0.373€ | 1.23% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 29, 2024 | 0.371€ | 1.09% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 29, 2023 | 0.367€ | 1.11% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 29, 2023 | 0.369€ | 1.16% |
| 5 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | 0.400€ | 1.12% |
FAQ
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