KELLANOVA (K) Stock Technical Analysis
NYSE:K - New York Stock Exchange, Inc. - US4878361082 - Common Stock - Currency: USD
Overall K gets a technical rating of 2 out of 10. K has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, K does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 80.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for K in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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65.50
We found 2 important support areas.
- A support zone ranging from 77.85 to 79.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.16 to 82.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for K is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for K is neutral. |
| ChartMill Relative Strength | 44.36 | 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) | DOWN | NEGATIVE | The current price of K is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of K is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.79 | NEUTRAL | The RSI value for K is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests K has a positive trend. |
| Stochastics (14,3) | 57.06 | NEUTRAL | The Stochastics value for K is a neutral value. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for K suggests low volalility. |
| Average Directional Index/ADX (14) | 17.48 | NEGATIVE | The low ADX value for K suggests a weak or negative trend. |
80.08
+0.24 (+0.3%)