Kroger Swing TradeUsing AIM System
Entry
1. RSI under 80 and rising
2. MACD bars change from red to yellow and are under mid-line
3. Heiken Ashi reversal candles are red or green
4. MACD crossing up
KR trade ideas
$KR EarningsI suppose I should have published this a few days ago when I charted it 😬... it's a little too late now... sorry about that...
I'll be on the look out and set some alerts for for entry levels though
Kroger has history on its side for downward movementThis article includes bonus analysis of semi-rare occurrence. My Algorithm 2 has signaled a SELL 9 times on the daily chart for this stock. All nine times included simultaneous SELL signals on the same algorithms which triggered this morning. I have provided the usual target boxes, however, I have included additional target boxes related to historical movement after Algorithm 2 signals SELL.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 24, 2021 with a closing price of 45.75.
If this instance is successful, that means the stock should decline to at least 45.28 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.041% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.724% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 10.385% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 14 trading bars, and one-quarter require at least 25 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
$KR with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KR after a Positive under reaction following its earnings release placing the stock in drift A
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KR, SFM, COST: Is there more left in the grocery store trade?KR weekly chart appears to be pushing, showing some strength despite the recent weakness in inflation related names. KR seems to be the strongest of the BJ, GO family etc. however, COST and SFM ares showing some relative strength against broader indices such as XLP
KR breaking out of wedgeKroger is one of those defensive stocks that is looking to pop right now. I see rotation coming back into this sector.
Kroger (KR) Up then DownThis is a bit of a longer term view.
My thesis is that we go up to the $40+ area and fail as the store's food margins shrink reflecting commodity price pressures.
This may take a while to unfold.
Essentially a Bullish Gartley turns into a Bearish Bat.
As always do your own Due Diligence.
S.
Long | KRNYSE:KR
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
TP1~ 38.7
Call options, strike 40, 7/16/2021
fading this grocerpt 33.50 on this old school turd. I hate shopping there, classic grocery store vibes yet they make you check out your own groceries at Uscan, there's rarely a f ing clerk to check you out, and they don't take Apple Pay. No thanks, shopping somewhere else. That said, hard to find faults in the stock itself, trades at ~12x, altho just got downgraded, what does that tell you about food retailers, and people are likely tired of shopping in this junk show. Buying puts every relief rally opportunity.
Kroger - W's Are a Happy Place
I've been looking more at value stocks (high cash flow & strong dividends)... and Kroger caught my eye.
LOOK AT THAT W!! Granted we are looking at 1 week candles over YEARS... but... I'd look at this as a buying into a long term play at the right time.
August 2012 started a massive 3.5 year bull run
Start of 2016 we see the beginning of a major retracement down to the Fib .5 line and a long term W begins to form.
August 2020 price hits and breaks the neck line but is rejected at newly established resistance line
NOW - price broke the neckline again and is on it's way to testing the other resistance line
If that second resistance line is broken, we could see the start of another strong multi year run from Kroger. If we're rejected again we could fall into a bullish pennant, which is still a strong buy, but a much longer play. If the price fell back into the pennant, you could expect price to fall back to the lower resistance line established by the bottom of the W... a strong buy opportunity if you see this as a bullish long term play.
Monthly breakout, possible big move upIf kroger can close above $38.5 this month it looks like we could breakout, potentially heading up to $$55-60 in the coming months. I will be entering some way otm calls on the 31st if it looks like we will be breaking out.
no thanksthis company is soon becoming garbage, their inventory sucked through the pandemic, promos are marked up to mark down, Walmart beats them on pricing every dam day, Albertsons has higher quality produce, Amazon Whole Foods will squeeze them out on product, client, business model & investments in the next few years. KR's POS tap-to-pay is cliche clubby & worthless going into the future. They're hard-nosed about their digital payment forms, and that's going to bite them in ass soon. They're outdated doing the bolt-on gas stations, will need to make big investments to add EV charging and then beg customers to stay in their club to get a lame rebate on fuel incentives few will rely on by 2025 on. They mark up their fuel to mark it down anyway, they're the biggest hustlers out there. No thanks, hombre. You can have this doomed K-Mart-like ghost town with a 2% dividend. You'll lose the divy once the street puts 2 & 2 together that people are sick of cooking at home and those who are cooking at home are buying bulk through Costco, Walmart.
KR is boxed in a corner forced to compete against Whole Foods & Albertsons - who also is at risk of get their valuations slashed as restaurants bounce back.
Could be forming a massive head & shoulders but I'm playing it like a weaker double-top in a regression channel. A lot of room to fall. Starting with cheap long dated puts Jan 2023 $30 strike
LONG AS ****Just took my gamestop gains and put them all into kroger for earnings. i will actually buy some puts the day before earnings just for a hedge, but im long til 2023. looks like its at the bottom of a very long trend line. YOLO
$KR - Support, 4h HBD, 200 MATheme with the laast few calls here but this one risk management is easy here. Dont want to fall under support/200 ma
NYSE:KRentry point - 32.00
cut loss - 30.00
take profit - 42.00
risk - 5.6%
reward - 32.3%
RRR - 1 : 5.7
Kroger BearishI am not licensed or certified by any individual or institution to provide financial or investment advice.
I believe Kroger (KR) is in a downtrend. I have marked what I believe to be the support and resistance with purple trend lines. As of this writing (December 30, 2020 4:00pm) I am not in any positions, bearish or bullish, in KR. If KR continues up to the Resistance and then bounces down, or if it fails to reach Resistance and just continues down, I may buy some Puts.
Falling Wedge on KRLooking like KR is at the bottom of the falling wedge, should get some short term up, might be able to break out even. This is a good time for LEAPs, so I have gotten some for KR.
LING LONGTHIS BETTER NOT MOON WITHOUT ME
SO I AM GONNA TAKE SMALL RISK SET AND FORGET AT THE PURPLE LINE.
AND WILL TAKE FULL POSITION WITH LTF CONFIRMATION.
SET YOUR ALERTS.
