$KSS Kohl’s Corporation Stock Robo Analyst August 17 2020 #KSS

Kohl’s Corporation (KSS) “On a long-term technical basis, the stock (KSS) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 22.94 and 21.75. If the stock breaks down through support at 22.94 then it will probably continue lower to 21.75. The stock has resistance at 29.34 and at 31.89. If the stock breaks up through resistance at 29.34 then it will probably continue higher to 31.89. The 200-day moving average is at 31.89. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 22.94 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (77.97).”