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- 1/15/2021 -
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Kellogg Co. (K)

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Summary:
Weekly :Oversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal line
Daily :Price is near the Fibonacci 23.6% retracement level
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It was the negative week for the Kellogg Co. (K). During the week, the K dropped -1.17 points, or -1.94%, and closed at 59.03 on Friday, January 15, 2021. Weekly volume was 74% above average.

K is a member of Packaged Foods & Meats Industry. Packaged Foods & Meats is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See K long-term trend chart]
A long-term uptrend had started on May 31, 2019 at 51.34 and reached 72.88 on July 30, 2020. K gained -21.54 points, or -41.96%, in 60 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 55.48 and resistance is at 74.04. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See K medium-term trend chart]
A medium-term downtrend had started on July 30, 2020 at 72.88 and reached 57.85 on January 12, 2021. K lost 15.03 points, or 20.62%, in 23 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.05 and resistance is at 62.63. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See K weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 11, 2020. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See K short-term trend chart]
A short-term downtrend had started on December 29, 2020 at 63.08 and reached 57.85 on January 12, 2021. K lost 5.23 points, or 8.29%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See K daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 7, 2021. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.72
Williams' Percentage Range (W%R) 73.80
Lane's Stochastic (%D-Slow) 20.72
Greed/Fear Indicator (GFI) 25.88
Moving Average Converg./Diverg. (MACD) -0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.63
Williams' Percentage Range (W%R) 90.10
Strong Oversold
Lane's Stochastic (%D-Slow) 12.58
Oversold
Greed/Fear Indicator (GFI) 20.72
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Upper Bollinger Band 63.26
Quarterly Trendline Resistance 62.63
50 Day Moving Average 62.55
Parabolic System 61.03
20 Day Moving Average 60.99
Weekly Stochastic Crossing 59.09
Price 59.03
Daily Stochastic Crossing 58.84
Lower Bollinger Band 58.26
Yearly Trendline Support 55.48
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Packaged Foods & Meats 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.97
High Date 01/05/2021
Low 57.85
Low Date 01/12/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.08
High Date 12/29/2020
Low 57.85
Low Date 01/12/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.87
High Date 10/19/2020
Low 57.85
Low Date 01/12/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 62.63
Support 43.05
High 72.88
High Date 07/30/2020
Low 57.85
Low Date 01/12/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 74.04
Support 55.48
Low 51.34
Low Date 05/31/2019
High 72.88
High Date 07/30/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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