Kroger Technical Analysis (NYSE:KR)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Kroger 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 KR stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Kroger. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Kroger stock analysis using these technical indicators helps identify trading opportunities.
Kroger Moving Average:
Moving averages show the average price of KR stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling KR moving average implies that Kroger stock price is falling.
Kroger Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Kroger. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $20.15 is in the lower range of Kroger bollinger bands.
Kroger Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Kroger MACD indicator can be used to identify bullish and bearish trends for the stock.
Kroger Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of KR stock is 26.98. .