THE KRAFT HEINZ CO. - 1H - Technical analysis published on 12/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 34.51 USD
My targets
35.80 USD (+1.27%)
36.44 USD (+3.08%)
My analysis
The bullish trend is currently very strong on THE KRAFT HEINZ CO.. As long as the price remains above the support at 34.51 USD, you could try to benefit from the boom. The first bullish objective is located at 35.80 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 36.44 USD as an objective. Crossing it would then enable buyers to target 37.18 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE KRAFT HEINZ CO. price is 35.35 USD. The price has increased by +0.68% since the last closing and was traded between 35.19 USD and 35.46 USD over the period. The price is currently at +0.45% from its lowest and -0.31% from its highest.35.19
35.46
35.35
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of THE KRAFT HEINZ CO. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.88 | 33.48 | 34.51 | 35.35 | 35.39 | 35.80 | 36.44 |
| Change (%) | -6.99% | -5.29% | -2.38% | - | +0.11% | +1.27% | +3.08% |
| Change | -2.47 | -1.87 | -0.84 | - | +0.04 | +0.45 | +1.09 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.27 | 34.48 | 34.79 | 35.00 | 35.31 | 35.52 | 35.83 |
| Camarilla | 34.97 | 35.02 | 35.06 | 35.11 | 35.16 | 35.21 | 35.25 |
| Woodie | 34.33 | 34.51 | 34.85 | 35.03 | 35.37 | 35.55 | 35.89 |
| Fibonacci | 34.48 | 34.68 | 34.80 | 35.00 | 35.20 | 35.32 | 35.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.74 | 32.86 | 34.19 | 35.31 | 36.64 | 37.76 | 39.09 |
| Camarilla | 34.84 | 35.06 | 35.29 | 35.51 | 35.74 | 35.96 | 36.18 |
| Woodie | 31.84 | 32.91 | 34.29 | 35.36 | 36.74 | 37.81 | 39.19 |
| Fibonacci | 32.86 | 33.80 | 34.38 | 35.31 | 36.25 | 36.83 | 37.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.32 | 30.42 | 32.01 | 35.11 | 36.70 | 39.80 | 41.39 |
| Camarilla | 32.32 | 32.75 | 33.18 | 33.61 | 34.04 | 34.47 | 34.90 |
| Woodie | 26.58 | 30.04 | 31.27 | 34.73 | 35.96 | 39.42 | 40.65 |
| Fibonacci | 30.42 | 32.21 | 33.32 | 35.11 | 36.90 | 38.01 | 39.80 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.12 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 2.07 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 35.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.75 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 35.60 | |
| Zig ZAG (10): | 35.24 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 69.07 | |
| TEMA (21): | 35.04 | |
| Williams %R (14): | -25.16 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.13 |
| MA7: | 35.30 | |
| MA20: | 34.44 | |
| MA50: | 35.78 | |
| MA100: | 36.26 | |
| MAexp7: | 35.19 | |
| MAexp20: | 35.15 | |
| MAexp50: | 35.06 | |
| MAexp100: | 34.92 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | -1.20% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.23% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on THE KRAFT HEINZ CO. at the time of the generation of this analysis was as follows:
- Kraft Heinz Cements Climate Ambition, Commits to Carbon Neutrality by 2050
- Kraft Heinz Announces Agreement to Acquire Majority Stake in Just Spices – a Technology-Enabled Direct-to-Consumer Business
- Kraft Heinz Announces Intention to Combine U.S. and Canada Businesses to Form the North America Zone
- Kraft Heinz Announces Pricing Terms and the Accepted Tender Amounts for Its Cash Tender Offer for Up to $2.0 Billion Aggregate Purchase Price of Certain of Its Outstanding Notes
- Kraft Heinz Announces Early Tender Participation Results, Election of Early Settlement, and Satisfaction of the Financing Condition for Its Cash Tender Offer for Up to $2.0 Billion Aggregate Purchase Price of Certain of Its Outstanding Notes
This member declared not having a position on this financial instrument or a related financial instrument.
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