INGRAM MICRO HOLDING CORP (INGM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INGM - US4571521065 - Common Stock
Overall INGM gets a technical rating of 6 out of 10. Although INGM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
INGM has an average technical rating and it also does not offer a high quality setup 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.
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18.57
5 important support areas can be observed.
- A support zone ranging from 21.05 to 21.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.40 from a trend line in the weekly time frame.
- Support @19.86 from a trend line in the daily time frame.
- Support @19.11 from a horizontal line in the daily time frame.
- A support zone ranging from 18.76 to 18.76. 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 22.96 to 22.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.67 from a horizontal line in the weekly 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 INGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INGM is up. |
| ChartMill Relative Strength | 57.14 | NEUTRAL | INGM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INGM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INGM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.01 | NEUTRAL | The RSI value for INGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests INGM has a positive trend. |
| Stochastics (14,3) | 93.57 | OVERBOUGHT | The high Stochastics value suggests INGM may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for INGM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.58 | NEGATIVE | The low ADX value for INGM suggests a weak or negative trend. |
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+0.58 (+2.71%)
INGRAM MICRO HOLDING CORP / INGM FAQ
Can you provide the ChartMill technical rating for INGRAM MICRO HOLDING CORP?
ChartMill assigns a technical rating of 6 / 10 to INGM.
Can you provide the trend direction for INGRAM MICRO HOLDING CORP?
The current trend direction for INGRAM MICRO HOLDING CORP (INGM) is Bullish.
What is the RSI signal for INGM stock?
INGRAM MICRO HOLDING CORP (INGM) has an RSI value of 59.01. This indicates that the stock is currently neutral.
What is the buy/sell signal for INGM stock?
The buy/sell signal for INGRAM MICRO HOLDING CORP (INGM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for INGRAM MICRO HOLDING CORP (INGM) stock?
INGRAM MICRO HOLDING CORP (INGM) has a support level at 21.44 and a resistance level at 22.96. Check the full technical report for our detailed analysis of INGM support and resistance levels.