KELLANOVA (K) Stock Technical Analysis
USA - NYSE:K - US4878361082 - Common Stock
Overall K gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, K is only an average performer.
K has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 83.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 83.26, a Stop Loss order could be placed below this zone.
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76.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 81.58 to 83.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.00 to 80.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 76.96 to 78.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 83.35 to 83.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for K is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for K is up. |
| ChartMill Relative Strength | 57.21 | NEUTRAL | K is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of K is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of K is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of K is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.55 | OVERBOUGHT | The high RSI value suggests K may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests K has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.75 | NEUTRAL | The Stochastics value for K is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for K suggests low volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for K suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.36 | 82.84 | 0.52 (0.62%) | 25.00% |
| An entry @83.36. This is a Buy Stop order right above the resistance zone. | An exit @82.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.52 points, which is 0.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
83.32
+0.03 (+0.04%)
KELLANOVA / K FAQ
What is the technical rating for K stock?
ChartMill assigns a technical rating of 7 / 10 to K.
What is the current trend direction of KELLANOVA (K) stock?
The current trend direction for KELLANOVA (K) is Bullish.
What is the RSI signal for KELLANOVA (K) stock?
KELLANOVA (K) has an RSI value of 70.5503. This indicates that the stock is currently overbought.
What is the buy/sell signal for K stock?
The buy/sell signal for KELLANOVA (K) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for KELLANOVA (K) stock?
KELLANOVA (K) has a support level at 83.26 and a resistance level at 83.35. Check the full technical report for our detailed analysis of K support and resistance levels.