INGLES MARKETS INC-CLASS A (IMKTA) Stock Technical Analysis
NASDAQ:IMKTA - Nasdaq - US4570301048 - Common Stock - Currency: USD
Overall IMKTA gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, IMKTA is a bad performer.
75% of all other stocks performed better in the past year than IMKTA.
IMKTA is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 66% of 40 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month IMKTA has a been trading in the 60.17 - 67.82 range, which is quite wide. It is currently trading near the high of this range.
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.
Although IMKTA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
59.22
68.14
We found 2 important support areas.
- A support zone ranging from 63.80 to 64.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.82 to 61.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 67.22 to 67.47. 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 | 25.95 | NEGATIVE | IMKTA has a low relative strength, it was outperformed by 74.05% 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) | DOWN | MIXED | The current price of IMKTA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.07 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests IMKTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.86 | OVERBOUGHT | The high Stochastics value suggests IMKTA may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.73 | NEUTRAL | The ADX value for IMKTA suggests a possible start of a new 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 |
|---|---|---|---|
| 67.48 | 62.11 | 5.37 (7.96%) | 12.57% |
| An entry @67.48. This is a Buy Stop order right above the resistance zone. | An exit @62.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.37 points, which is 7.96%. | When investing 12.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
67.21
+0.64 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.96%
1 Week0.93%
2 Weeks7.47%
1 Month11.05%
3 Month8.25%
6 Month6.56%
12 Month-10.86%
2 Year-20.74%
3 Year-29.59%
5 Year66.98%
10 Year45.22%
15 Year313.35%
Volatility
ATR(14)1.54
ATR(20)%2.06%
ATR Inc17.28%
Range Today2.01
ADR(20)1.36
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.95
Mansfield-0.63
10 Day High67.82
10 Day Low62.12
20 Day High67.82
20 Day Low60.17
52 Week High82.01
52 Week Low58.92
CS1 End64.24
CR1 Start67.22
Volume & EV
DER(3)-1.35%
DER(5)-0.77%
Volume90.45K
Volume Incr-21.67%
Vol(5)92.45K
Vol(50)118.84K