Kohls price sharpens decline - Forecast today - 17-04-2024

Kohls’ stock price (KSS) kept falling in the intraday levels after getting hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA.

There are negative signals from the RSI after reaching oversold levels. 

Therefore we expect more losses for the stock, targeting the first support at $20.77, provided the resistance of $24.22 holds on. 

Expected trading range: between the support of $20.77 and the resistance of $24.22. 

Trend forecast: Bearish