Kellogg stock: buy or sell
Mar 2nd, 2021
Kellogg stock brief
- Kellogg closed on Monday at $56.91 after only changing a -0.40%.
- Looking at the chart, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. shares price lost a -9.36% since the downtrend started.
- Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods.
Should I buy Kellogg stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $K stock a buy?
In the current situation of Kellogg there is not any eligible buy setup. This doesn't mean we expect a selloff for $K in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Kellogg stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, deciding when is the best time to sell is not a capricious decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very simple to follow and are only applicable for selling stocks you already own, not for selling short $K stock
A golden rule is that you should not hold a trading operation that results in higher than expected losses at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Kellogg stock?
Currently, Kellogg stock doesn't match any of our preferred sell setups, so if you own Kellogg shares and your operation is in profit probably is not time to sell now
In the last 30 days, 2 brokerage ratings were published for Kellogg
|Feb 12th, 2021|
|Feb 16th, 2021|
Kellogg stock analysis
Kellogg accumulates a selloff of -9.36% since its latest top last January at $62.79. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current supports are:
The evolution of the Bollinger Bands on the chart reveals that they are quite narrow (4.81%), which clearly means that price volatility is low. The narrowness of the Bollinger bands is generally a sign of a sudden price movement (up or down), so we must be cautious and manage our buy or sell orders correctly
Relative strength index
The RSI crossed up the oversold line of 30 last January after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Monday was 43.33
Kellogg stock price history
Kellogg IPO was on Feb 21st, 1973 priced at $0.00 per share1. Since then, K stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Kellogg stock on Feb 1973, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Kellogg stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
The following table shows the price target released by financial institutions in the last month. Again, these predictions are not direct recommendations for small traders and must not be followed blindly.
The average price target for Kellogg stock calculated from the table below is $66.00. Kellogg closed at $56.91 on Monday, so the target price is predicting an increase by 15.97%.
|Brokerage firm||Price target|
|Feb 12th, 2021|
|Morgan Stanley||$64.00 → $60.00|
|Feb 16th, 2021|
|Citigroup||$75.00 → $72.00|
Earnings and financials
In mid-February, Kellogg ($K) had the quarterly financial event and presented the report. Kellogg posted earnings of $0.27 per share on sales of $1.2 billion. The Wall St estimate was $0.89 per share on revenue of $761.6 million.Same quarter last year, reported EPS was $0.91, so recently reported EPS means a reduction of -70.33%. Sales inched a 7.48% on an annualized basis in the , from $32.2B to $34.6B last quarter.
Kellogg ($K) is posting quarterly earnings report late next April. Wall Street forecasts of $0.96, compared to Q4 that made $0.27.
Important:The thoughts given in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the particular scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning reasons only
|Monday, March 1st, 2021|
|Day range||$56.75 - $57.82|
|Average true range||$1.49|
|50d mov avg||$59.02|
|100d mov avg||$61.22|
|200d mov avg||$63.09|
|Earnings date||April 29th, 2021|