Influential #investors can create defining moments in a stock's price, by simply making large #buyandsell decisions, and The Kraft Heinz Company Common Stock (NYSE: KHC) is no exception. Pivot points in a chart pattern are often created by these events, and as we have learned this does not require institutional investment decisions. For KHC like every other stock, smaller investors can be heard as well, but one thing is the same. No matter what class of influential investor is speaking, we can hear what they are saying with their pocketbooks by looking at price action; that is exactly what we have done below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Neutral | Strong |
P1 | 0 | 0 | 35.55 |
P2 | 43.79 | 43.30 | 38.58 |
P3 | 44.23 | 44.20 | 41.59 |
Long Term Trading Plans for KHC
May 11, 2021, 10:45 am 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 41.59, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 41.47 to protect against excessive loss in case the stock begins to move against the trade. 41.59 is the first level of support below 43.43, and by rule, any test of support is a buy signal. In this case, if support 41.59 is being tested, a buy signal would exist.
KHC - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.