Overall IMKTA gets a technical rating of 1 out of 10. IMKTA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, IMKTA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 70.42. Right above this resistance zone may be a good entry point.
More info and screens
59.02
We found 4 important support areas.
- A support zone ranging from 69.07 to 69.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 67.51 to 67.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 61.32 to 61.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.62 to 59.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.42 to 71.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.92 to 77.63. 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 | NEUTRAL | NEUTRAL | The long term trend for IMKTA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMKTA is down. |
| ChartMill Relative Strength | 50.89 | NEUTRAL | IMKTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMKTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMKTA is below a declining 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) | 42.57 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests IMKTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.13 | NEUTRAL | The Stochastics value for IMKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for IMKTA suggests a strong trend. |
69.49
-0.37 (-0.53%)
INGLES MARKETS INC-CLASS A / IMKTA FAQ
What is the technical rating for IMKTA stock?
ChartMill assigns a technical rating of 1 / 10 to IMKTA.
What is the trend direction for IMKTA stock?
The current trend direction for INGLES MARKETS INC-CLASS A (IMKTA) is Bearish.
What is the RSI signal for INGLES MARKETS INC-CLASS A (IMKTA) stock?
INGLES MARKETS INC-CLASS A (IMKTA) has an RSI value of 42.5722. 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 negative.
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 69.36 and a resistance level at 70.42. Check the full technical report for our detailed analysis of IMKTA support and resistance levels.