INGLES MARKETS INC-CLASS A (IMKTA) Stock Technical Analysis
USA - NASDAQ:IMKTA - US4570301048 - Common Stock
72.62 USD
-0.56 (-0.77%)
72.62 USD
0 (0%)
We assign a technical rating of 9 out of 10 to IMKTA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMKTA is showing a nice and steady performance.
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 76% of all other stocks.
IMKTA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMKTA is lagging the market slightly.
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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
IMKTA is part of the Consumer Staples Distribution & Retail industry. There are 39 other stocks in this industry, IMKTA did better than 68% of them.
Besides having an excellent technical rating, IMKTA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
60.61
75.56
We found 3 important support areas.
- A support zone ranging from 71.35 to 71.89. 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 67.16 to 69.63. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 73.10 to 73.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.81 from a horizontal line in the daily time frame.
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 | 76.43 | POSITIVE | IMKTA has a high relative strength, it outperformed 76.43% 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) | 55.07 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests IMKTA has a negative trend. |
| Stochastics (14,3) | 58.05 | NEUTRAL | The Stochastics value for IMKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | 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 |
|---|---|---|---|
| 73.51 | 71.34 | 2.17 (2.95%) | 25.00% |
| An entry @73.51. This is a Buy Stop order right above the resistance zone. | An exit @71.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.17 points, which is 2.95%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IMKTA. Please evaluate whether better entry and exit points can be found.
- 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.
72.62
-0.56 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.77%
1 Week-1.17%
2 Weeks2.31%
1 Month8.13%
3 Month11.53%
6 Month18.82%
12 Month17.85%
2 Year-9.47%
3 Year-23.05%
5 Year102.51%
10 Year45.41%
15 Year295.53%
Volatility
ATR(14)1.81
ATR(20)%2.55%
ATR Inc-8.88%
Range Today1.47
ADR(20)1.83
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.43
3 months CRS79.74
6 months CRS65.4
Mansfield-0.06
10 Day High75.25
10 Day Low69.7
20 Day High75.25
20 Day Low66.63
52 Week High75.63
52 Week Low58.92
CS1 End71.89
CR1 Start73.1
Volume & EV
DER(3)2.43%
DER(5)2.46%
Volume59.40K
Volume Incr-38.68%
Vol(5)66.44K
Vol(50)103.93K