KR Price Prediction Next Week
Technical Analysis: Based on the technical indicators and Fibonacci levels, KR is showing mixed signals for the next trading week:
- RSI at 43.03 indicates neutral momentum, neither overbought nor oversold
- MACD is slightly bearish with -0.51, with histogram showing potential weakening downward momentum
- Fibonacci levels show key resistance at $60.03 and support at $58.28
News Sentiment Analysis: Recent significant news developments affecting KR:
- Lina Khan's resignation from FTC announced on Jan 20, 2025, which could potentially ease regulatory pressure on Kroger's pending merger activities
- Recent insider trading activity shows concerning pattern - 13 sales with no purchases over past 6 months
- Significant lobbying expenditure of $670,000 in Q4 2024 focusing on various regulatory issues
Price Prediction for Next Week: Based on technical and sentiment analysis:
Expected price range: $57.73 - $60.03
- Support levels: $58.28 (Primary), $57.73 (Secondary)
- Resistance levels: $60.03 (Primary), $60.58 (Secondary)
Trading Recommendation: SELL Rationale:
- Negative insider sentiment with consistent selling pattern
- Technical indicators showing bearish momentum
- Price likely to face resistance at $60.03 Fibonacci level
- Regulatory uncertainty despite Khan's resignation could create headwinds
Target entry: Current market price ($58.35) Stop loss: $60.58 (Secondary resistance) Target exit: $57.73 (Secondary support)
KR Similar Chart Price Prediction
The price of KR is predicted to go up -11.69%, based on the high correlation periods with LSTA. The similarity of these two price pattern on the periods is 95.3%.
KR
LSTA
Down: -11.69%Similarity: 95.3%
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KR VS S&P500
Kroger's loyalty membership program allows the firm to personalize its promotional activity, driving traffic to its stores.
With a number-one or -two standing in most of its major markets, Kroger's 2,700 stores are well ingrained in communities across the US, which should prompt recurring foot traffic.
Consumer demand for groceries tends to be very stable year to year, which helps deter wide swings in supply and demand.
KR Analyst's Forecast
Paul Lejuez
Citigroup
Hold
Price Target
$61
Upside
+3.92%
Citi reinstated coverage of Kroger (KR) with a Neutral rating and $61 price target following a period of restriction due to the now blocked merger with Albertsons (ACI). The firm believes the risk/reward is balanced at Kroger's current share levels. It sees multiple positives for the company, which are largely offset by several concerns and challenges.
Simeon Gutman
Morgan Stanley
Hold
Price Target
$62 → $65
Upside
+10.09%
Ken Goldman
JP Morgan
Buy
Price Target
$69 → $71
Upside
+17.12%