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KR trade ideas

Food Gaint Kroger reverses from a trend downKR has an overall fairly narrow trading range. On this 4H chart, it is presently in a symmetrical triangle or slowly rising wedge. Earnings beats have been respectable. KR reversed on June 1 at the trending support line and is heading toward overhead resistance. Just before that upper resistance trendline is the POC line of the high volume area of the profile where high volatility and increased trading could result in a bounce and fall. Confirmation is found in the zero-lag MACD indicator which shows a K /D line cross under the histogram. I will take a long trade on KR (reversion to the mean) with the stop loss at that pivot low on June 1st and the target a nickel below the POC line at 48.95. I see this as a low-risk and low reward trade which may also be the basis for adding a low risk call options trade to the options portfolio.
NYSE:KR
by AwesomeAvani
New Entry Potential For Kroger with long term performanceKroger is a national supermarket chain with multiple departments as it needs to compete with more prominent players who have moved into the grocery home delivery business. The competition includes Amazon and Walmart over the last few years. To stay ahead, Kroger has implemented innovative delivery and promotional working strategies that appear to be working. Also, since 2022 Kroger has established a floor price that could enable it to get a hefty return over the next few years. Home food delivery is something to consider as we move into an uncertain economic time. KR will be a classic defensive stock to hold. Innovating marketing includes delivery and coupon strategies. It seems that this grocery chain is set up for almost guaranteed long-term success. Since 2022, Kroger has beaten the market estimates consistently, unlike other stocks. Moreover, a floor in the stock price was established at the beginning of last year. Kroger has overwhelmingly institutional market analyst support for recommended buys. Red arrow shows SMA for new entry potential Current Metric Data Catalyst Shows Outperformance In Sector Over the last few weeks, Kroger has returned 6% in the previous 20 working days, with 3% in the last 50 working days. As I like to only trade stocks with a relatively low volatile rate of under 0.4, Kroger is lately at 0.31, which is within my tolerance. However, as we all know, potential entry is based on timing. As it seems, the Aroon Up signal is showing a 100 rating, whereas the Aroon Down is 57. So if one waits until the Aroon Down signal is closer to 0, it is an excellent time to dip into Kroger. When one looks at a consensus of institutional market recommendations for upgrades, one will see it is vastly overwhelmed with 16 buys, six holds, and one sell. Once again, this helps overlay a buying condition for Kroger. Considering 2022 was a relatively weak and challenging year, Kroger has proven to exceed the estimated earnings of last year, including its latest quarter. So it is clear that momentum has been underway for a while and should continue over the long run. Valuation Continues to Build With Delivery Strategy Over the long run, Kroger has built a market strategy using data and innovation to help customers save $1.4 billion. Kroger has pioneered a personal approach for its customers to allow them to make better choices in the food product they buy, which is accomplished by offering various coupon strategies. The latest survey hinted that 80% of shoppers preferred this way. As long as Kroger implements these strategies, it can stay ahead of the market to sustain its stock price momentum over the long run. It also helps Kroger be an intelligent choice for investing in over the long run as we move into a potential recession. Everyone needs to buy food regardless of economic conditions. Kroger Refines Data Capabilities as Grocers Personalize | PYMNTS.com It is also important to note that customers in fast-growing cities like Austin, Texas, want to ensure that product freshness is of high-quality standards. A new store in Austin was tested using this strategy which is becoming the future for Kroger. In addition, the shipment of these products, which professional associates deliver, helps implement higher customer satisfaction, which builds loyalty as we move into a recession. This also helps expand Kroger's customer base as competition may get fierce. Also, Kroger has opened a Dallas facility linked to this Austin store. All ordered products will be put on refrigerated delivery trucks, then delivered to customers' front doors. Once customers are satisfied with innovative distribution ideas, Kroger can roll this out to larger city centers and stay ahead of the competition. This will help Kroger find new key growth drivers, which will help drive digital sales by 12% in the fourth quarter of 2022. There was also a growth of 22% in their no-contact delivery solutions. As a result, Kroger builds revenue and generates new profitability overall in delivery solutions. Kroger (KR) Expands Delivery Capabilities, Efforts on Track - March 31, 2023 - Zacks.com Harmonic Upper target Reveals Profitable Target Based on the upper target of the most recent harmonic scan, Kroger may have a relatively high upper target of $65 based on stock pricing data over the last three years. The current price of nearly $50 represents a decent opportunity for long-term investment returns. Its base of just over $40 has been established for the last year. As positive market momentum continues, this target should be closely met over the next year. As mentioned, Kroger maybe be an outstanding defensive stock as we move into a recession. Harmonic scan (Custom platform) Lower Risk is Minimal As Compared To Long-Term Momentum As Kroger proved its outperformance in an inferior market in 2022, this stock should be a classic defensive investment over the long run—the only risk to prevent that from happening are unfavorable economic conditions or more innovative competitors. Even if economic conditions were to go into a downturn, it is critical to understand that Kroger has implemented various strategies to deliver food to its customers conveniently. Even if another pandemic was to evolve, Kroger has implemented an intelligent no-contact delivery process right to customers' homes. There seem to be very few restrictions that could hold back Kroger's long-term success. Conclusion Is That KR Could Outperform Most Stocks With proven positive trends for Kroger over the last year, KR is almost guaranteed to increase its value and stock price. It has also implemented an intelligent delivery strategy with promotional coupon techniques to meet any economic condition; I see no real reason why Kroger should not be successful. As a result, I put this stock as a buy right along with other institutional analysts.
NYSE:KRLong
by bryandowningqln
3
Does someone know something that we don't about Kroger #KROK, just to be extremely simple and to the point #KR has been rounding their weekly as it approaches earnings. My theory is this, being around the corner and pointing upward on the WEEKLY chart oscillators could this ticker start a path to push past the psychological number of $50 If we do something like a saucer pattern we could get to 60 by mid 2023... Depends on where you line up the apex of the saucer. Happy Hunting
NYSE:KRLong
by JDTheGreat
Kroger Stock is A Buy Chart 1.1 As what I expected on chart 1.1, this week the market might do some price-correction. And yesterday's trade was distinctly negative after a big run so far this month. Coming off the sizable rally, market participants took some money off the table today ahead of Fed Chair Powell's speech on Wednesday and worries that a slew of economic data releases this week could reflect a need to mark down earnings even further. Which is exactly like what I mentioned " it is likely that market will do price correction recently, and 3980ish is somewhere I 'd like to try some buys for this week. " Back to Kroger NYSE:KR trade itself. Kroger ( NYSE:KR ) has been a strong performer this year, as the grocery store company has shown strong fundamental resilience even amidst inflation and tough comparables. I have been quite bullish on the stock with the impression that some patience was needed to wait for the multiple to re-rate. While the stock still trades at 11x earnings, the stock's resilience amidst choppy markets suggests that, at the very least, the market is rewarding the stock as a potential inflation winner. The second quarter investor presentation showed strong growth of 5.8% in identical store sales. Identical sales of Kroger brands were up 10.2% and digital sales were up 8%. Excluding fuel, sales increased 5.2% compared to the same period last year. Non-GAAP EPS came in at $0.90, up 12.5% year over year. Free cash flow of $640 million during the quarter enabled Kroger to repurchase $309 million of shares and distribute $153M in dividends. On Sept. 9, the Board authorized a new $1B share repurchase program. Now share repurchases are paused ahead of the planned acquisition to reduce debt. Kroger raised its full-year outlook, expecting identical sales excluding fuel to grow 4% to 4.5% YoY. Adjusted net earnings per diluted share are expected at $3.95 to $4.05, representing growth of about 9% YoY. On Oct. 14, 2022, Kroger announced its intention to merge with Albertsons. Albertsons is a well-known food and drug store in the United States and posted sales of $72B in 2021. The acquisition will create strong synergies, reducing costs and giving both companies a strong competitive advantage over competitors. Albertsons' food and drug stores are not located in areas where Kroger operates, so this will ensure better geographic sales distribution. Consolidated sales of both companies will be about $210 billion. Inflation is up 7.7% year-over-year and food inflation will greatly benefit Kroger. Several analysts are upgrading Kroger. Evercore ISI sees a favorable risk-reward with food inflation as a catalyst. They expect a CY23 EPS of $4.20 and assign a base case value of $56. At 11.5x CY23 EPS, Kroger trades at a 35% discount to the S&P500. If the merger with Albertsons is approved, Evercore ISI sees even greater upside potential ahead. The bull case would lead to a share price above $70. Strong earnings, improving prospects, a favorable risk/reward due to the merger with Albertsons, favorable stock valuation and shareholder-friendly management are strong catalysts for the stock price and should give investors good prospects from an investment in Kroger. From the tech side of analysis, 42.6ish is weekly basis support level, and 46.6ish is short term support and I would like to try some buy somewhere around 48ish, if SPX( SP:SPX ) holding 3950ish level well. And I'm cautiously optimistic think NYSE:KR will most likely to fill the gap. Please feel free to express your ideas and thoughts in the comment section.
NYSE:KRLong
by SoundsgoodTFtalks
KR SHORT IDEANYSE:KR KR made a big move this week after the Q2 earnings call. I believe that it is now overextended. On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon profit taking. I will look to capitalize on a quick downtrend correction with a put option with 5DTE below the current market price for maximal return albeit with the added risk of time decay.
NYSE:KRShort
by AwesomeAvani
1
Buying Opportunity in Kroger (KR)Kroger reported earnings that beat out Wall Street’s estimates on Friday. People continued to prioritize at-home food consumption amid high inflation. This trend resulted in Kroger raising its full-year outlook, and we will likely see analysts raising their targets for the stock as well. Shares jumped 7.4% on the news, making it one of the top performers in the S&P 500. This is a low entry point based on its action of the last year, and it has pulled back to the initial breakout area this morning.
NYSE:KRLong
by rossgivens
1
FIND THE RANGE & GET EARLY ON THE TRENDThis particular breakdown I'll use Kroger to show how profitable you can become by getting in on "Range Position Plays". When prices create a lot of two sided trading for an extended period of time like Kroger did from Feb-May. Traders should start to identify when the range is beginning to weaken. Kroger traded in a range for 3 months before finally breaking down from its range. If you simply played the breakdown of the range, you could have taken a 3 day decline on Kroger. Puts would have paid nicely. A simple entry below 53 and you could have rode Kroger down to 47. A nice 6 point drop for an asset such as Kroger. If you decided to trade the 3 month range Kroger was in, then you would have entered this trade for a short around April 11-12th. As price broke below $60, Kroger then entered back inside of its range. Once that happened. You then would identify your support areas and play the downside accordingly. Kroger printed 3 bear legs down from 60 all the the way to 47. It took roughly a month for Kroger to move 13 points, but if you were on the right side of it. That 13 points would have been major. There was a chance to grab anything from 58 puts to 47 puts and they all would have worked out. If purely speaking on retracements, then you could have expected Kroger to potentially Pullback to around 50 after it broke its range. The 50 level is considered a 50% retracement and a GAP also was there as well. Price actually sliced through on its 3rd Bear Leg and retraced over 75% back to the 47 level. There were 3 different swing entries on KROGER: Below 60. Below 57.50 & below 53. In the end, it was a beautiful short position to get in on. From 60 to 47. Learn to spot two-sided trading A.K.A Range Trading. Once that range breaks, a trend may then form afterwards. This is one of the best ways to "Get Early" on a Downtrend.
NYSE:KRShort
by DayTraderEarl
1
Kroger Gapped Up. Now It’s Pulled BackKroger is one of the top-performing non-energy stocks in the S&P 500 in the last year. Now it may look interesting to trend followers. The main feature on today’s chart is the surge after quarterly results on March 3. KR tried to pull back to the bullish gap in April, only to see buyers defend levels slightly above it. Notice the series of candlesticks this month as new support developed around $53.20. Next is the falling trendline that KR closed above yesterday. Does that mark an end to the short-term decline? Third, the stochastic oscillator is rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:KR
by TradeStation