Kroger Co. (KR) has recently broken above its upper Bollinger Band, which may signal that the stock is set to drop. As the stock moves back below the upper band and towards the middle band, investors may want to consider selling the stock or exploring put options. According to the A.I.dvisor, in 29 out of 46 similar instances where the stock broke above the upper band, the stock fell afterward, putting the odds of success at 63%.
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Who’s Buying and Selling Kroger’s Shares?
Large investors have recently bought and sold shares of the company, which may impact Kroger’s future performance. Sanders Capital LLC bought a new stake in Kroger shares worth approximately $622,480,000 in the 1st quarter, while Boston Partners increased its stake by 5,992.3% during the same quarter. Norges Bank also purchased a new position in Kroger shares worth about $156,126,000 in the fourth quarter of 2022. BlackRock Inc. grew its holdings in shares of Kroger by 5.5% in the third quarter, and Pacer Advisors Inc. increased its position in Kroger shares by 12,613.8% in the fourth quarter of 2022. Institutional investors currently own 78.03% of Kroger’s stock.
Kroger’s Trading Performance
On Tuesday, May 16, 2023, KR opened at $49.07 and has been trading down by 0.2%. Kroger has a 52-week low of $41.81 and a 52-week high of $54.04, with a market cap of $35.21 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.82, and a beta of 0.47. The company’s debt-to-equity ratio is 1.21, its quick ratio is 0.30, and its current ratio is 0.74. The company’s fifty-day moving average is $48.26, and its 200-day moving average is $46.61.
What Could Be Next for Kroger’s Stock?
As Kroger’s bullish trend seems to be over, investors may want to consider the stock’s potential downward movement and assess their portfolio accordingly. While the company’s financials seem solid, large investors buying and selling the stock and the current market conditions may impact Kroger’s future performance. It’s crucial for investors to keep an eye on the company’s news and developments to make informed decisions and stay ahead of the curve.
The 10-day moving average for KR crossed bearishly below the 50-day moving average on June 01, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on KR as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for KR turned negative on May 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
KR moved below its 50-day moving average on May 26, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KR's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KR advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
KR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 247 cases where KR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.249) is normal, around the industry mean (5.312). P/E Ratio (14.859) is within average values for comparable stocks, (28.239). Projected Growth (PEG Ratio) (1.606) is also within normal values, averaging (2.616). Dividend Yield (0.023) settles around the average of (0.028) among similar stocks. P/S Ratio (0.223) is also within normal values, averaging (47.665).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. KR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of supermarkets and convenience stores
A.I.dvisor indicates that over the last year, KR has been loosely correlated with IMKTA. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if KR jumps, then IMKTA could also see price increases.