INGLES MARKETS INC-CLASS A (IMKTA) Stock Technical Analysis
USA - NASDAQ:IMKTA - US4570301048 - Common Stock
70.225 USD
-0.28 (-0.39%)
70.225 USD
0 (0%)
We assign a technical rating of 7 out of 10 to IMKTA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IMKTA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, IMKTA outperforms 62% of them, which is more or less in line with the market.
IMKTA is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 60% of 39 stocks in the same industry.
IMKTA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IMKTA is lagging the market.
In the last month IMKTA has a been trading in the 66.63 - 71.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IMKTA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 70.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.78, a Stop Loss order could be placed below this zone.
More info and screens
59.31
71.34
We found 3 important support areas.
- A support zone ranging from 66.77 to 69.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.22 to 61.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.91 to 59.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.59 to 70.63. 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 | 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 | 62.79 | NEUTRAL | IMKTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IMKTA is above a declining 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) | DOWN | MIXED | The current price of IMKTA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.89 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests IMKTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.98 | NEUTRAL | The Stochastics value for IMKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.48 | NEGATIVE | The low ADX value for IMKTA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 70.64 | 66.76 | 3.88 (5.49%) | 18.21% |
| An entry @70.64. This is a Buy Stop order right above the resistance zone. | An exit @66.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.88 points, which is 5.49%. | For a 1.00% total portfolio risk, you can invest 18.21% 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.
70.225
-0.28 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.39%
1 Week4.56%
2 Weeks-0.56%
1 Month-0.39%
3 Month5.9%
6 Month13.05%
12 Month10.3%
2 Year-12.46%
3 Year-25.59%
5 Year95.83%
10 Year40.62%
15 Year282.49%
Volatility
ATR(14)1.75
ATR(20)%2.49%
ATR Inc10.88%
Range Today1.34
ADR(20)1.71
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.79
Mansfield-0.34
10 Day High70.62
10 Day Low66.63
20 Day High71.88
20 Day Low66.63
52 Week High75.63
52 Week Low58.92
CS1 End69.78
CR1 Start70.59
Volume & EV
DER(3)0.84%
DER(5)0.02%
Volume108.80K
Volume Incr17.1%
Vol(5)128.26K
Vol(50)120.58K