INGLES MARKETS INC-CLASS A (IMKTA) Stock Technical Analysis
NASDAQ:IMKTA • US4570301048
Overall IMKTA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IMKTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IMKTA did better than 84% of all other stocks. We also observe that the gains produced by IMKTA over the past year are nicely spread over this period.
- IMKTA is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 75% of 38 stocks in the same industry.
- IMKTA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IMKTA is performing more or less in line with the market.
- IMKTA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, IMKTA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 89.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
60.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 84.62 to 86.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.10 to 72.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 70.21 to 70.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @67.95 from a horizontal line in the daily time frame.
- Support @61.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 89.34 to 89.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IMKTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMKTA is up. |
| ChartMill Relative Strength | 84.75 | POSITIVE | IMKTA has a high relative strength, it outperformed 84.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMKTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMKTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMKTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.25 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests IMKTA has a negative trend. |
| Stochastics (14,3) | 32.08 | NEUTRAL | The Stochastics value for IMKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 47.47 | POSITIVE | The high ADX value value for IMKTA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.35 | 84.61 | 4.74 (5.30%) | 18.85% |
| An entry @89.35. This is a Buy Stop order right above the resistance zone. | An exit @84.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.74 points, which is 5.30%. | For a 1.00% total portfolio risk, you can invest 18.85% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.23
-0.33 (-0.38%)
INGLES MARKETS INC-CLASS A / IMKTA FAQ
What is the technical rating for IMKTA stock?
ChartMill assigns a technical rating of 10 / 10 to IMKTA.
What is the trend direction for IMKTA stock?
The current trend direction for INGLES MARKETS INC-CLASS A (IMKTA) is Bullish.
What is the RSI signal for INGLES MARKETS INC-CLASS A (IMKTA) stock?
INGLES MARKETS INC-CLASS A (IMKTA) has an RSI value of 60.2463. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INGLES MARKETS INC-CLASS A?
The short term momentum for INGLES MARKETS INC-CLASS A (IMKTA) is positive.
Can you provide the support and resistance levels for INGLES MARKETS INC-CLASS A?
INGLES MARKETS INC-CLASS A (IMKTA) has a support level at 86.16 and a resistance level at 89.34. Check the full technical report for our detailed analysis of IMKTA support and resistance levels.