WK KELLOGG CO (KLG) Stock Technical Analysis
USA - NYSE:KLG - US92942W1071 - Common Stock
Taking everything into account, KLG scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, KLG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.99, a Stop Loss order could be placed below this zone.
More info and screens
15.26
We found 3 important support areas.
- A support zone ranging from 22.92 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.23 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.02 to 23.52. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.19 | POSITIVE | KLG has a high relative strength, it outperformed 88.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KLG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KLG is below a declining 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) | 63.05 | NEUTRAL | The RSI value for KLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests KLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.87 | OVERBOUGHT | The high Stochastics value suggests KLG may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for KLG suggests low volalility. |
| Average Directional Index/ADX (14) | 34.11 | POSITIVE | The high ADX value value for KLG 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 |
|---|---|---|---|
| 23.02 | 22.95 | 0.07 (0.30%) | 25.00% |
| An entry @23.02. This is a Buy Stop order right above the 10 day high. | An exit @22.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.30%. | For a 0.08% 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
0 (0%)
WK KELLOGG CO / KLG FAQ
Can you provide the ChartMill technical rating for WK KELLOGG CO?
ChartMill assigns a technical rating of 7 / 10 to KLG.
Can you provide the trend direction for WK KELLOGG CO?
The current trend direction for WK KELLOGG CO (KLG) is Bullish.
Can you provide the RSI signal for WK KELLOGG CO?
WK KELLOGG CO (KLG) has an RSI value of 63.0534. This indicates that the stock is currently neutral.
What is the short term momentum for WK KELLOGG CO (KLG) stock?
The short term momentum for WK KELLOGG CO (KLG) is positive.
Can you provide the support and resistance levels for WK KELLOGG CO?
WK KELLOGG CO (KLG) has a support level at 22.99 and a resistance level at 23.02. Check the full technical report for our detailed analysis of KLG support and resistance levels.