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AI Analysis of KR
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Kroger stock price down 0.795% on Thursday
(Updated on Apr 11, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 19.80% PDF

The Kroger stock price fell by -0.795% on the last day (Thursday, 11th Apr 2024) from $56.60 to $56.15. During the last trading day the stock fluctuated 1.75% from a day low at $55.78 to a day high of $56.75. The price has fallen in 6 of the last 10 days and is down by -1.32% for this period. 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 -2 million shares and in total, 3 million shares were bought and sold for approximately $179.31 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 33.34% during the next 3 months and, with a 90% probability hold a price between $73.43 and $79.38 at the end of this 3-month period.

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KR Signals & Forecast

The Kroger stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $56.58. On a fall, the stock will find some support from the long-term average at approximately $54.23. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 02, 2024, and so far it has fallen -2.89%. 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 Kroger stock

Kroger finds support from accumulated volume at $55.97 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 $0.98 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: $53.41 (-4.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (KR) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Kroger Company (The) to open at $56.23, and during the day (based on 14 day Average True Range), to move between $55.17 and $57.13, which gives a possible trading interval of +/-$0.98 (+/-1.75%) up or down from last closing price. If Kroger Company (The) takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $55.97 (0.32%) than the resistance at $56.60 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kroger Company (The) 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 Kroger stock to perform well in the short-term.

Current score: 2.657 Buy Candidate Unchanged

Predicted Opening Price for Kroger Company (The) of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$56.23 ( 0.134%) $56.15

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

Trading levels for KR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 57.20 1.87 %
R2 56.83 1.21 %
R1 56.60 0.797 %
Current price: 56.15
Support S1 55.85 -0.530 %
S2 55.62 -0.94 %
S3 55.25 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.13 1.75 %
R2 57.02 1.55 %
R1 56.60 0.80 %
Current price 56.15
Support S1 55.97 -0.321%
S2 55.48 -1.19%
S3 49.61 -11.65%

KR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 14, 2024 May 14, 2024 Jun 01, 2024 $0.290 0.516%
2 Jan 19, 2024 Feb 14, 2024 Mar 01, 2024 $0.290 0.590%
3 Sep 14, 2023 Nov 14, 2023 Dec 01, 2023 $0.290 0.650%
4 Jun 22, 2023 Aug 14, 2023 Sep 01, 2023 $0.290 0.631%
5 Mar 09, 2023 May 12, 2023 Jun 01, 2023 $0.260 0.582%

FAQ

What is the symbol for Kroger Stock and on which exchange is it traded?
The symbol for Kroger is KR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Kroger Stock?
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 Kroger stock to perform well in the short-term.

How to buy Kroger Stock?
Kroger Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kroger Stock.

What's the current price of Kroger Stock?
As of the end of day on the 2024-04-11, the price of an Kroger (KR) share was $56.15.

What is the 52-week high and low for Kroger Stock?
The 52-week high for Kroger Stock is $58.33 and the 52-week low is $42.10.

What is the market capitalization of Kroger Stock?
As of the 2024-04-11, the market capitalization of Kroger is 39.837B.

When is the next earnings date for Kroger?
The upcoming earnings date for Kroger is Jun 13, 2024.
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About Kroger Company (The)

Kroger The Kroger Co. operates as a retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronic... KR Profile

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