INGRAM MICRO HOLDING CORP (INGM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INGM - US4571521065 - Common Stock
We assign a technical rating of 7 out of 10 to INGM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, INGM is only an average performer.
Although INGM 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.
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18.57
5 important support areas can be observed.
- A support zone ranging from 21.47 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.69 from a trend line in the weekly time frame.
- Support @20.21 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.
2 important resistance areas can be observed.
- Resistance @22.96 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.38 to 23.67. 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 INGM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INGM is neutral. |
| ChartMill Relative Strength | 68.18 | NEUTRAL | INGM is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of INGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.83 | NEUTRAL | The RSI value for INGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INGM has a negative trend. |
| Stochastics (14,3) | 31.04 | NEUTRAL | The Stochastics value for INGM is a neutral value. |
| 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) | 12.88 | NEGATIVE | The low ADX value for INGM suggests a weak or negative trend. |
22.05
+0.45 (+2.08%)
INGRAM MICRO HOLDING CORP / INGM FAQ
Can you provide the ChartMill technical rating for INGRAM MICRO HOLDING CORP?
ChartMill assigns a technical rating of 7 / 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 52.8296. This indicates that the stock is currently neutral.
What is the support and resistance level for INGM stock?
INGRAM MICRO HOLDING CORP (INGM) has a support level at 21.74 and a resistance level at 22.96. Check the full technical report for our detailed analysis of INGM support and resistance levels.