Pantry Staples: Macro Fib SchematicsGeneral Mills, Kellogg, Campbell, Hershey, Smuckers, Sysco, McCormick & Company, and ConAgra are a handful of the largest American pantry/snack favorites.
These Fib Schematics look pretty good and are easy to decipher. This makes this a good idea other than the fact that I should have grouped my tow food ideas differently. I have another Food Idea linked below with the rest of the Big Food Players.
Kellogg
K Kellogg Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of K Kellogg Company prior to the earnings report this week,
I would consider purchasing the $67.50 strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Kellogg found a strong support?Kellogg Company - 30d expiry - We look to Buy at 66.71 (stop at 65.04)
Levels below 67 continue to attract buyers.
Bespoke support is located at 67.
66.45 has been pivotal.
Preferred trade is to buy on dips.
The primary trend remains bullish.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
Our profit targets will be 70.88 and 71.88
Resistance: 68.50 / 69.20 / 70.00
Support: 68.00 / 67.00 / 66.45
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Kellogg's Technicals Continue To Point DownKellogg Company has been in a clearly defined downward trend since February 2017. On April 26, Kellogg broke down and away from the wedge pattern it had been in. From this point, the stock broke down to around 68.60 which fell in line with a support trend line that began February 2014. The current resistance line is steadily dropping. The projected future movements are highlighted below.
When we take a look at other technical indicators, the relative strength index (RSI) is at 44.6048. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading has the stock relatively neutral although it recently bounced up from oversold territory when the stock dropped around April 26.
The true strength index (TSI) is currently -18.9951. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock has been trending down. Due to the delayed correlation in the movement of the stock, this indicator typically does not signal the bottom until after the fact. The TSI has been trending down overall since the stock entered its current downtrend. As long as the TSI does not significantly break above this trend line, the stock will continue to fall in the near-term.
The positive vortex indicator (VI) is at 0.8691 and the negative is at 1.0900. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. Currently the negative indicator is reprieved from its drop below one and has begun to move up once again at the same time the positive indicator is doing the inverse and it is dropping. This is a bearish indicator in the near-term.
The stochastic oscillator K value is 55.7084 and D value is 52.7752. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. Even though this indicator is technically in the middle of the oscillation possibilities. The K value is about to drop below the D value signaling near-term bearish movement. As long as the D value is greater than the K, the stock will drop.
Considering the RSI, TSI, VI and stochastic levels, the overall direction clearly points to some sort of continued downward movement soon. Based on historical movement compared to current levels and the current position, the stock could drop at least 2% over the next 26 trading days if not sooner.
Kellogg: Company splitting!!Kellogg Company
Short Term - We look to Buy at 71.09 (stop at 67.91)
This stock has recently been in the news headlines. They are splitting into 3 strategic companies which will increase efficiencies. The stock reacted premarket by breaking out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. We look to buy dips.
Our profit targets will be 81.87 and 84.00
Resistance: 76.00 / 82.00 / 88.00
Support: 70.00 / 66.00 / 60.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
6/12/22 KKellogg Company ( NYSE:K )
Sector: Consumer Non-Durables (Food: Major Diversified)
Market Capitalization: $23.618B
Current Price: $69.58
Breakout price: $70.00
Buy Zone (Top/Bottom Range): $68.65-$66.90
Price Target: $72.60-$73.80
Estimated Duration to Target: 49-52d
Contract of Interest: $K 7/15/22 70c
Trade price as of publish date: $2.00/contract
K Daily SetupNYSE:K daily long setup:
Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.
Buy taking out Friday's high at 64.57
Stop Loss under double bottom at 62.41
Profit Target 72.78
Risk/Reward 3.8
K Kellogg - Daily, Weekly, 12day Setup - Buyzone, CAD, TargetsK
BUYZONE = 56-58
Cost Avg Down (CAD) = 50-53
1st Target = 382fib 65
2nd Target = .5fib 69
3rd Target = 618fib 73
HODL Target = 87+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$K Kellogg Holding Support - Ex Dividend 8/31$K Kellogg with a nice top & bottom line earnings beat recently, followed by a sell-off likely related to guidance.
With that said, it's held above the 20d ema line and had a nice bounce off support around $68.70 on Friday to form what could be a bullish hammer and start of a near term uptrend.
Also of note, Ex Dividend date of 8/31 - could see additional buying leading up to this date.
Near term target: $75.00-$76.00 range by end of August
K Dividend Medium hold.Kellogg confirmed bounce off 17 year trend line.
Low beta Dividend KING with 56 years of YoY increases or level dividends.
Currently at a great entry for medium(Late 2019) and long term(5+year) holds.
Targets :
Medium $66
Long $90
At current levels a 15 year hold would be at approximately $38 cost basis using uncompounded dividends.