KR fails to close above 100-day moving average

Kroger Company (KR) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


KR closes below its opening price unable to hold early session gains
KR unable to break through key resistance level
KR fails to close above 100-day moving average
KR closes higher for the 5th day in a row
KR pushes through previous session high


Moving higher for the 5th day in a row, KR ended Thursday at 25.30 gaining $0.36 (1.44%) on high volume. Today's closing price of 25.30 marks the highest close since April 27th. Trading $0.68 higher after the open, Kroger Co. was unable to hold its gains as the bears took control ending the day below its opening price. Closing above Wednesday's high at 25.06, the market confirms its breakout through the prior session's high having traded $1.31 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (KR as at May 17, 2018):

Daily technical analysis candlestick chart for Kroger Company (KR) as at May 17, 2018

Thursday's trading range was $1.19 (4.63%), that's far above last trading month's daily average range of $0.66. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly above average.

Unable to break through the key technical resistance level at 26.04, the stock closed below it after spiking as high as 26.37 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward. After spiking up to 26.37 during the day, the share found resistance at the 100-day moving average at 26.24.

While KR is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Market Conditions for KR as at May 17, 2018

Loading Market Conditions for KR (Kroger Company)...
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