The Kraft Heinz Company Common Stock $KHC Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 28.05 |
| P2 | 31.03 | 30.99 | 32.22 |
| P3 | 31.47 | 31.59 | 35.80 |
Support and Resistance Plot Chart for KHC
Long Term Trading Plans for KHC
October 9, 2020, 11:15 pm ET
The Technical Summary and Trading Plans for KHC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this KHC Report.
KHC - (Long) Support Plan
The technical summary data tells us to buy KHC near 28.05 with an upside target of 32.22. This data also tells us to set a stop loss @ 27.97 to protect against excessive loss in case the stock begins to move against the trade. 28.05 is the first level of support below 31.11 , and by rule, any test of support is a buy signal. In this case, support 28.05 would be being tested, so a buy signal would exist.
KHC - (Short) Resistance Plan
The technical summary data is suggesting a short of KHC as it gets near 32.22 with a downside target of 28.05. We should have a stop loss in place at 32.31 though. 32.22 is the first level of resistance above 31.11, and by rule, any test of resistance is a short signal. In this case, if resistance 32.22 is being tested, so a short signal would exist.
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