Kroger 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
Stronger technical forecast for Kroger stock price after Wednesday trading.
(Updated on May 01, 2024)
The Kroger stock price fell by -1.10% on the last day (Wednesday, 1st May 2024) from $55.38 to $54.77. During the last trading day the stock fluctuated 1.58% from a day low at $54.51 to a day high of $55.37. The price has been going up and down for this period, and there has been a -0.89% loss for the last 2 weeks. 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 -1 million shares and in total, 3 million shares were bought and sold for approximately $166.25 million.
Given the current short-term trend, the stock is expected to rise 25.54% during the next 3 months and, with a 90% probability hold a price between $68.76 and $78.06 at the end of this 3-month period.
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KR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kroger 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 $55.56 and $56.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.27%. Further fall is indicated until a new bottom pivot has been found. 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
On the downside, the stock finds support just below today's level from accumulated volume at $50.49 and $49.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kroger finds support just below today's level at $50.49. If this is broken, then the next support from accumulated volume will be at $49.61 and $44.99.
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 $0.86 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: $52.40 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (KR) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Kroger Company (The) to open at $54.88, and during the day (based on 14 day Average True Range), to move between $53.84 and $55.70, which gives a possible trading interval of +/-$0.93 (+/-1.69%) up or down from last closing price. If Kroger Company (The) takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $55.48 (1.30%) than the support at $50.49 (7.81%), 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 Kroger Company (The) stock A Buy?
Kroger 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: -0.556 Hold/Accumulate Upgraded
Predicted Opening Price for Kroger Company (The) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $54.88 ( 0.207%) | $54.77 |
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 | 55.74 | 1.78 % | |
| R2 | 55.41 | 1.18 % | ||
| R1 | 55.21 | 0.81 % | ||
| Current price: | 54.77 | |||
| Support | S1 | 54.55 | -0.393 % | |
| S2 | 54.35 | -0.763 % | ||
| S3 | 54.02 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.13 | 4.31 % | |
| R2 | 55.97 | 2.19 % | ||
| R1 | 55.48 | 1.30 % | ||
| Current price | 54.77 | |||
| Support | S1 | 50.49 | -7.81% | |
| S2 | 49.61 | -9.42% | ||
| S3 | 44.99 | -17.86% |
KR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 01, 2024 | $0.290 | 0.529% |
| 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
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