KROGER COMPANY THE - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 22.98 USD
My targets
19.94 USD (-8.74%)
15.71 USD (-28.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KROGER COMPANY THE as long as the price remains well below 22.98 USD. The sellers” bearish objective is set at 19.94 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.71 USD. In case of crossing, the next objective would be the support located at 12.91 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KROGER COMPANY THE price is 21.85 USD. On the day, this instrument lost -1.04% with the lowest point at 21.47 USD and the highest point at 22.15 USD. The deviation from the price is +1.77% for the low point and -1.35% for the high point.21.47
22.15
21.85
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this KROGER COMPANY THE chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.91 | 15.71 | 19.94 | 21.85 | 22.98 | 25.80 | 26.68 |
| Change (%) | -40.92% | -28.10% | -8.74% | - | +5.17% | +18.08% | +22.11% |
| Change | -8.94 | -6.14 | -1.91 | - | +1.13 | +3.95 | +4.83 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.59 | 21.82 | 21.95 | 22.18 | 22.31 | 22.54 | 22.67 |
| Camarilla | 21.98 | 22.01 | 22.05 | 22.08 | 22.11 | 22.15 | 22.18 |
| Woodie | 21.54 | 21.80 | 21.90 | 22.16 | 22.26 | 22.51 | 22.62 |
| Fibonacci | 21.82 | 21.96 | 22.04 | 22.18 | 22.32 | 22.40 | 22.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.68 | 20.44 | 21.34 | 23.10 | 24.00 | 25.76 | 26.66 |
| Camarilla | 21.51 | 21.75 | 22.00 | 22.24 | 22.48 | 22.73 | 22.97 |
| Woodie | 18.25 | 20.23 | 20.91 | 22.89 | 23.57 | 25.55 | 26.23 |
| Fibonacci | 20.44 | 21.46 | 22.08 | 23.10 | 24.12 | 24.74 | 25.76 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.25 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -25.96 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 22.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.48 | |
| Elder Ray (13): | -1.41 | |
| Super Trend (3,10): | 23.76 | |
| Zig ZAG (10): | 21.85 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 4.42 | |
| TEMA (21): | 22.69 | |
| Williams %R (14): | -89.19 | |
| Chande Momentum Oscillator (20): | -2.08 | |
| Repulse (5,40,3): | -3.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 3.81 |
| MA7: | 23.03 | |
| MA20: | 23.50 | |
| MA50: | 24.42 | |
| MA100: | 25.31 | |
| MAexp7: | 22.78 | |
| MAexp20: | 23.49 | |
| MAexp50: | 24.20 | |
| MAexp100: | 25.11 | |
| Price / MA7: | -5.12% | |
| Price / MA20: | -7.02% | |
| Price / MA50: | -10.52% | |
| Price / MA100: | -13.67% | |
| Price / MAexp7: | -4.08% | |
| Price / MAexp20: | -6.98% | |
| Price / MAexp50: | -9.71% | |
| Price / MAexp100: | -12.98% |
News
Don"t forget to follow the news on KROGER COMPANY THE. At the time of publication of this analysis, the latest news was as follows:
- CBD Retail Boom Expands With The Kroger Co.
- Kroger To Webcast Annual Meeting of Shareholders on June 27
- Kroger Reports First Quarter 2019 Results
- Kroger Technology Named to Computerworld's Top 100 Best Places to Work in IT
- Kroger Indianapolis Associates Ratify New Contract
This member declared not having a position on this financial instrument or a related financial instrument.
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