WK KELLOGG CO (KLG) Stock Technical Analysis
NYSE:KLG - New York Stock Exchange, Inc. - US92942W1071 - Common Stock - Currency: USD
Taking everything into account, KLG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KLG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
KLG is part of the Food Products industry. There are 91 other stocks in this industry. KLG outperforms 88% of them.
KLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
KLG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
KLG has an average volume of 2068380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that KLG is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month KLG has a been trading in a tight range between 22.81 and 23.56.
KLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.15, a Stop Loss order could be placed below this zone.
More info and screens
15.26
24.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.98 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.92 from a trend line in the weekly time frame.
- A support zone ranging from 15.41 to 15.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.23 to 23.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.94 from a horizontal line in the weekly time frame.
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 KLG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KLG is up. |
| ChartMill Relative Strength | 88.7 | POSITIVE | KLG has a high relative strength, it outperformed 88.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.55 | OVERBOUGHT | The high RSI value suggests KLG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests KLG has a negative trend. |
| Stochastics (14,3) | 49.44 | NEUTRAL | The Stochastics value for KLG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for KLG suggests some volalility. |
| Average Directional Index/ADX (14) | 51.58 | POSITIVE | The high ADX value value for KLG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 23.53 | 22.97 | 0.56 (2.38%) | 25.00% |
| An entry @23.53. This is a Buy Stop order right above the resistance zone. | An exit @22.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 2.38%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
23.2
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0%
1 Week0.96%
2 Weeks-0.85%
1 Month32.57%
3 Month36.39%
6 Month40.78%
12 Month35.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%2.1%
ATR Inc20.4%
Range Today0.27
ADR(20)0.22
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.7
Mansfield1.62
10 Day High23.42
10 Day Low22.82
20 Day High23.56
20 Day Low22.81
52 Week High23.56
52 Week Low14.8
CS1 End23.15
CR1 Start23.23
Volume & EV
DER(3)-0.09%
DER(5)0.67%
Volume660.35K
Volume Incr-78.63%
Vol(5)815.32K
Vol(50)2.07M