The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 5
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/26/2024 -
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Kellogg Co. (K) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Kellogg Co. (K). During the week, the K climbed 0.35 points, or 0.61%, and closed at 57.73 on Friday, April 26, 2024. Weekly volume was -6% below average.

Long-term trend: [See K long-term trend chart]
A long-term downtrend had started on October 31, 2022 at 77.17 and reached 47.63 on October 12, 2023. K lost 29.54 points, or 38.28%, in 49 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.02 and resistance is at 62.75. 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 long-term trend.

Medium-term trend: [See K medium-term trend chart]
A medium-term uptrend had started on October 12, 2023 at 47.63 and reached 59.22 on April 25, 2024. K gained -11.59 points, or -24.33%, in 28 weeks. The price is now at the 12.86% retracement level.

Weekly Technical Indicators: [See K weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 April 25, 2024 at 59.22 and reached 57.71 on April 26, 2024. K lost 1.51 points, or 2.55%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See K daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.94
Williams' Percentage Range (W%R) 23.30
Lane's Stochastic (%D-Slow) 85.80
Overbought
Greed/Fear Indicator (GFI) 71.49
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.35
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 80.01
Overbought
Greed/Fear Indicator (GFI) 73.32
Moving Average Converg./Diverg. (MACD) -0.92
Trading Signals
Description Value Chart
Yearly Trendline Resistance 62.75
Upper Bollinger Band 58.91
Daily Stochastic Crossing 58.67
Weekly Stochastic Crossing 57.94
Price 57.73
20 Day Moving Average 57.08
Parabolic System 56.98
50 Day Moving Average 55.92
Lower Bollinger Band 55.07
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Packaged Foods & Meats 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 59.22
High Date 04/25/2024
Low 57.71
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.22
High Date 04/25/2024
Low 57.71
Low Date 04/26/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.01
Low Date 04/16/2024
High 59.22
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.63
Low Date 10/12/2023
High 59.22
High Date 04/25/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 62.75
Support 33.02
High 77.17
High Date 10/31/2022
Low 47.63
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.