KROGER CO (KR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KR - US5010441013 - Common Stock
We assign a technical rating of 2 out of 10 to KR. KR 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- KR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month KR has a been trading in the 58.60 - 64.30 range, which is quite wide. It is currently trading near the high of this range.
- KR has an average volume of 6639370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, KR turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- KR is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 45% of 38 stocks in the same industry.
KR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 64.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.95, a Stop Loss order could be placed below this zone.
More info and screens
58.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.65 to 63.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.27 to 59.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 64.26 to 64.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 68.29 to 69.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @72.98 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for KR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KR is neutral. |
| ChartMill Relative Strength | 50.29 | NEUTRAL | KR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.64 | NEUTRAL | The RSI value for KR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests KR has a positive trend. |
| Stochastics (14,3) | 88.42 | OVERBOUGHT | The high Stochastics value suggests KR may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for KR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.37 | POSITIVE | The high ADX value value for KR suggests a strong trend. |
64.25
+1.6 (+2.55%)
KROGER CO / KR FAQ
What is the technical rating for KR stock?
ChartMill assigns a technical rating of 2 / 10 to KR.
What is the trend direction for KR stock?
The current trend direction for KROGER CO (KR) is Bearish.
What is the RSI signal for KR stock?
KROGER CO (KR) has an RSI value of 57.6422. This indicates that the stock is currently neutral.
What is the MACD signal for KR stock?
The MACD indicator for KROGER CO (KR) has a value of 0.40906, indicating a bearish trend.