Kroger's (NYSE: KR) share price is under pressure due to slowing growth, sluggish results relative to high-flying AI names, and an expected slowdown in buybacks. However, despite the headwinds, the fundamental forces remain bullish, and the stock price is at long-term lows. Look for the company, institutions, and analysts to signal a buy that soon shows up in the charts.
Technically, KR shares are testing critical support with long-term implications. The level represents a convergence of lesser targets, including previous lows and a long-term exponential moving average that has provided support numerous times.
