Kraft Heinz Technical Analysis (NASDAQ:KHC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Kraft Heinz stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the KHC stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Kraft Heinz. Technical analysis uses an approach for Kraft Heinz stock analysis that does not care for the fair value of a company but uses price and volume data only.
Kraft Heinz Moving Average
Moving averages show the average price of KHC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $60.34 is below the last closing price of $61.02 and the 50 day moving average of $61.51 is above the last closing price of $61.02. The 10 and 20 day periods can predict short term moving average trends.
Kraft Heinz Bollinger Bands
Bollinger bands comprise of a center line usually KHC SMA, and two KHC stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Kraft Heinz bollinger bands.
Kraft Heinz Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Kraft Heinz MACD line is below the signal line.
Kraft Heinz Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of KHC stock is 52.64.