Kroger Company (KR) stock price jumped sharply higher in its latest intraday trading, amid the dominance of a short-term corrective bearish wave while moving alongside a trend line supporting this path, in addition to continued dynamic negative pressure from trading below its 50-day SMA, which reduces the chances of a full recovery in the near term, especially with the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $69.35 resistance level, targeting the $64.00 support level.

Todays price forecast: Bearish