April

Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>KR stock price decreased by 1.30% over the past week and current volume is above average.</a> </li> 
 <li> <span>2</span> <a>Kroger Stock Q2 results release are coming soon and on the last dividend report release sell-off was high in the market.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Kroger Co. ( NYSE: KR) stock’s 52-week price range is $42 – $50.</a> </li> 
</ul> 
<p>Kroger stock earlier announced its upcoming Q2 earnings to be reported on September 14th, 2023, the anticipated earnings and revenue are $0.914 and $34.129 Billion, respectively.</p> 
<p>Kroger has a debt-to-equity ratio of 104.5%, as reported by Simply Wall St. This implies that it has slightly more than equity, which is the difference between Kroger’s total assets of $50.19 Billion and total liabilities of $39.31 Billion. Kroger’s debt is $11.37 Billion, while its equity is $10.88 Billion.</p> 
<p>Moreover, Kroger Co.’s (KR) stock market capitalization is $33.684 Billion and the total revenue is $148.258 Billion. Moreover, the stock’s basic EPS is $3.52 and the price-to-earnings ratio is 13.49.</p> 
<p>Kroger Co. (KR) is a global food retailer that runs more than 2,700 stores in various formats across 35 states and the District of Columbia. The company also offers online shopping, delivery, pharmacy, fuel, and jewelry services.</p> 
<p>Kroger’s stock price has been volatile in the last year, hitting its highest point of around $62 on April 8, 2022, and it is almost trading $15 below from high. The stock ended at $46.49 on August 24th, 2023, dropping 0.94% from the previous day.</p> 
<p>The price action shows that Kroger Co. ( NYSE: KR) stock price was in a swift uptrend from June 14th, 2023 it took support around $45, increasing by 15%, and reached a high of around $50 on August 7th by making higher highs and lows and the continuous streak of break of structure and followed trendline support effectively. Since then, the KR stock declined as resistance was high and is in a downtrend after breaking trendline support around the Fibonacci 23.60% level for the last two weeks by making lower lows and highs.&nbsp;</p> 
<p>At the time of publication, the KR stock’s current price is trading at around $46.49. It tried to sustain at the Fibonacci 50% level around $47, facing resistance and showing weakness on the chart. The probability is that Kroger Co. ( NYSE: KR) stock might decline more as buyers have no clear control barely holding the KR price and may drop back to the demand zone. If it stays unmitigated, the price might retract or if it’s mitigated then it may break the demand zone and consume liquidity below the demand zone and make new lower lows and highs. A new streak of break of structures as selling pressure is high.</p> 
<p>Therefore, if Kroger fails to maintain the current level, the KR price could continue to drag downwards and hit the nearest support levels around $45.41 and $42.76.</p> 
<p>However, if the stock price sustains the current level and the Kroger price increases, then it might reach the nearest resistance levels of $50.30 and $51.82.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-kroger-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Kroger Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/S0boGIFnJUT4Tx7IBKfHIu3PC8K55UvV_7CBF9BILd86IZD7E99WDsg-k7_gQV6Qj9obX8cpJwUJBPQNgcaBAkq6quIQLMhc4KZ9xxA-EyM_OKKBw2byNKMLDuSi6Fc4ms0sLTL3v4tNlDVZv1-k_LE" alt="Kroger Stock Price Forecast: Can It Fall Up to $40 On Q2 Release?"> 
  <figcaption class="wp-element-caption">
    Source: KR.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Kroger Co.’s (NYSE: KR) technical indicators are mixed, as the stock is struggling to break out of a consolidation phase after a strong uptrend in the first half of 2022. The daily chart shows that Kroger is trading below its 50-day and 100-day EMA, signaling a bearish trend. Moreover, the RSI is around 37 level, indicating a bearish market sentiment. The MACD is showing a bearish crossover suggesting bearishness in the market.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/25/nikola-stock-nasdaq-nkla-tumbled-7-will-nkla-drop-below-1/" rel="noopener noreferrer nofollow">Kroger Co. (NYSE: KR) stock</a>, highlights that the investors and traders of the stock price are negative over the daily time frame (1-D). The price action of KR stock also gives bearish views at the time of publishing. The technical analysis tools of Kroger’s stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in Kroger’s stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels are $45.41 and $42.76.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels are $50.30 and $51.82.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Kroger Stock Price Forecast: Can It Fall Up to $40 On Q2 Release?

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