The Greedy Trader Weekly Analysis
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- 4/19/2024 -
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Kraft Hein (KHC) Technical Analysis

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Summary:
Weekly :
Daily :Relative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Kraft Hein (KHC). During the week, the KHC gained 1.84 points, or 5.12%, and closed at 37.78 on Friday, April 19, 2024. KHC was trading at average weekly trading volume.

Long-term trend: [See KHC long-term trend chart]
A long-term downtrend had started on May 10, 2022 at 44.87 and reached 30.68 on October 12, 2023. KHC lost 14.19 points, or 31.62%, in 74 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 28.85 and resistance is at 39.40. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See KHC medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 30.68 and reached 38.61 on January 9, 2024. KHC gained -7.93 points, or -25.85%, in 12 weeks. The price is now at the 10.47% retracement level.

Weekly Technical Indicators: [See KHC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 28, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See KHC short-term trend chart]
A short-term uptrend had started on February 14, 2024 at 33.67 and reached 37.83 on April 19, 2024. KHC gained -4.16 points, or -12.36%, in 65 days. Price is near the trend high.

Daily Technical Indicators: [See KHC daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.37
Bearish
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 64.56
Bearish
Greed/Fear Indicator (GFI) 66.72
Moving Average Converg./Diverg. (MACD) 0.29 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.40
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 67.16
Greed/Fear Indicator (GFI) 64.33
Moving Average Converg./Diverg. (MACD) 0.20
Trading Signals
Description Value Chart
Yearly Trendline Resistance 39.40
Price 37.78
Upper Bollinger Band 37.63
Daily Stochastic Crossing 37.33
Weekly Stochastic Crossing 36.92
20 Day Moving Average 36.81
50 Day Moving Average 35.92
Parabolic System 35.91
Lower Bollinger Band 35.65
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Packaged Foods & Meats 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.67
Low Date 02/14/2024
High 37.83
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.61
High Date 01/09/2024
Low 33.67
Low Date 02/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.68
Low Date 10/12/2023
High 38.61
High Date 01/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.80
High Date 01/09/2023
Low 30.68
Low Date 10/12/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 39.40
Support 28.85
High 44.87
High Date 05/10/2022
Low 30.68
Low Date 10/12/2023
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.