INGLES MARKETS INC-CLASS A (IMKTA) Stock Technical Analysis
USA - NASDAQ:IMKTA - US4570301048 - Common Stock
Overall IMKTA gets a technical rating of 8 out of 10. 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.
IMKTA has an excellent technical rating and 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
59.35
We found 4 important support areas.
- Support @71.77 from a trend line in the daily time frame.
- A support zone ranging from 67.16 to 67.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
- Strong support @59.95 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 72.18 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 | 65.31 | NEUTRAL | IMKTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IMKTA is below 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) | 51.56 | NEUTRAL | The RSI value for IMKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IMKTA has a negative trend. |
| Stochastics (14,3) | 44.68 | NEUTRAL | The Stochastics value for IMKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for IMKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for IMKTA suggests a weak or negative 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 |
|---|---|---|---|
| 73.51 | 71.76 | 1.75 (2.38%) | 25.00% |
| An entry @73.51. This is a Buy Stop order right above the resistance zone. | An exit @71.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.75 points, which is 2.38%. | For a 0.60% 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.
71.85
-0.22 (-0.31%)
INGLES MARKETS INC-CLASS A / IMKTA FAQ
What is the technical rating for IMKTA stock?
ChartMill assigns a technical rating of 8 / 10 to IMKTA.
What is the current trend direction of INGLES MARKETS INC-CLASS A (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 51.5557. This indicates that the stock is currently neutral.
What is the MACD signal for INGLES MARKETS INC-CLASS A (IMKTA) stock?
The MACD indicator for INGLES MARKETS INC-CLASS A (IMKTA) has a value of -0.232563, indicating a bearish trend.
What is the buy/sell signal for INGLES MARKETS INC-CLASS A (IMKTA) stock?
The buy/sell signal for INGLES MARKETS INC-CLASS A (IMKTA) is buy as both the short term and long term trends are positive.