INGRAM MICRO HOLDING CORP (INGM) Technical Analysis
NYSE:INGM • US4571521065
Taking everything into account, INGM scores 3 out of 10 in our technical rating. INGM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month INGM has a been trading in the 20.00 - 26.38 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, INGM outperforms 52% of them, which is more or less in line with the market.
- INGM is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, INGM did better than 45% of them.
- INGM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INGM is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
The technical rating of INGM is bad and it also does not present a 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.
More info and screens
18.92
We found 3 important support areas.
- Support @20.69 from a horizontal line in the weekly time frame.
- A support zone ranging from 20.15 to 20.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.43 to 22.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.95 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for INGM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INGM is neutral. |
| ChartMill Relative Strength | 52.6 | NEUTRAL | INGM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INGM is below a declining 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) | 46.7 | NEUTRAL | The RSI value for INGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests INGM has a negative trend. |
| Stochastics (14,3) | 31.87 | NEUTRAL | The Stochastics value for INGM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for INGM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.41 | NEGATIVE | The low ADX value for INGM suggests a weak or negative trend. |
INGM Technicals: Chart, Performance Metrics, Trend & Indicators
21.42
-1.08 (-4.8%)
INGRAM MICRO HOLDING CORP / INGM FAQ
Can you provide the ChartMill technical rating for INGRAM MICRO HOLDING CORP?
ChartMill assigns a technical rating of 3 / 10 to INGM.
What is the current trend direction of INGRAM MICRO HOLDING CORP (INGM) stock?
The current trend direction for INGRAM MICRO HOLDING CORP (INGM) is Bearish.
What is the RSI signal for INGM stock?
INGRAM MICRO HOLDING CORP (INGM) has an RSI value of 46.7032. This indicates that the stock is currently neutral.
What is the MACD signal for INGM stock?
The MACD indicator for INGRAM MICRO HOLDING CORP (INGM) has a value of -0.0614422, indicating a bearish trend.