INGRAM MICRO HOLDING CORP (INGM) Stock Technical Analysis
NYSE:INGM - New York Stock Exchange, Inc. - US4571521065 - Common Stock - Currency: USD
Overall INGM gets a technical rating of 6 out of 10. INGM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
INGM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.46, a Stop Loss order could be placed below this zone.
More info and screens
19.18
We found 1 important support area.
- A support zone ranging from 19.37 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.26 to 20.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.88 from a horizontal line in the daily time frame.
- Resistance @24.61 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 INGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INGM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | INGM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INGM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.26 | NEUTRAL | The RSI value for INGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests INGM has a negative trend. |
| Stochastics (14,3) | 46.72 | NEUTRAL | The Stochastics value for INGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for INGM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for INGM suggests a possible start of a new 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 |
|---|---|---|---|
| 20.56 | 19.36 | 1.20 (5.84%) | 17.13% |
| An entry @20.56. This is a Buy Stop order right above the resistance zone. | An exit @19.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.20 points, which is 5.84%. | When investing 17.13% 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.
19.47
-0.24 (-1.22%)