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.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
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