Kohl's ends cautiously higher - Analysis - 31-03-2023

KOHL's Corporation's stock (KSS) rose in the intraday levels while trying to recoup some recent losses, with positive signals from the RSI, and as the RSI reached overbought levels compared to the stock's movements, with the stock marking a final loss of 3.76% in the last session, or 83 cents, settling at 22.88, amid the dominance of the main downward medium-term trend, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the first support of 20.00, provided the resistance of 23.38 holds on.

Expected trend for today: Bearish