Kellogg tries to shake off negative pressure - Analysis - 22-06-2022
2022-06-22 12:34:29 GMT
(Economies.com)
Kellogg's stock (K) surged after reporting plans to divide to three different companies, marking a session-high at 71.26, before bouncing lower and trimming the gains to 1.95%, or 1.32 points, and settling at 68.86, with trading volumes surpassing 11.1 million shares, above 10-day averages of 3.5 million shares.
The stock is rising amid the dominance of the upward short-term trend, with positive signals from the RSI after reaching oversold levels, as the stock tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 75.56, provided the support of 66.87 holds on.
Expected trend for today: Bullish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0508
|
0.0067
|
0.6398%
|
|
|
|
|
1.2249
|
0.0201
|
1.6700%
|
|
|
|
|
22.715
|
1.359
|
6.364%
|
|
|
|
|
81.051
|
6.622
|
8.897%
|
|
|
|
|
87.08
|
0.12
|
0.14%
|
|
|
|
|
1801.585
|
51.110
|
2.920%
|
|
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