INGM Technical Analysis - INGRAM MICRO HOLDING CORP

Technical Rating and Analysis

Taking everything into account, INGM scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, INGM is a bad performer.

When comparing the yearly performance of all stocks, INGM is a bad performer in the overall market: 100% of all stocks are doing better.

INGM is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 95% are performing better than INGM.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month INGM has a been trading in the 18.77 - 21.45 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INGRAM MICRO HOLDING CORP / INGM Weekly stock chart

INGRAM MICRO HOLDING CORP / INGM Daily stock chart

Setup Rating and Analysis

Although INGM has an excellent technical rating, it 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.57

22.06

We found 4 important support areas.

A support zone ranging from 20.59 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 19.93 to 20.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @19.53 from a trend line in the daily time frame.
A support zone ranging from 18.76 to 19.11. 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 21.84 to 21.84. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of INGM is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.31	NEUTRAL	The RSI value for INGM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests INGM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.83	NEUTRAL	The Stochastics value for INGM is a neutral value.
Average True Range in percent/ATR (20)	2.46	MEDIUM VOLATILITY	The ATR as a percentage value for INGM suggests some volalility.
Average Directional Index/ADX (14)	17.74	NEGATIVE	The low ADX value for INGM suggests a weak or negative trend.