INGREDION INC (INGR) Technical Analysis
NYSE:INGR • US4571871023
Current stock price
INGR Technical Rating and Analysis
Taking everything into account, INGR scores 1 out of 10 in our technical rating. INGR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, INGR is a bad performer in the overall market: 74% of all stocks are doing better.
- INGR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INGR is lagging the market.
- INGR is an average performer in the Food Products industry, it outperforms 54% of 87 stocks in the same industry.
- In the last month INGR has a been trading in the 110.16 - 118.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INGR Weekly and Daily overview Charts
INGR Setup Rating and Analysis
Although the technical rating is bad, INGR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 114.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 111.37, a Stop Loss order could be placed below this zone.
More info and screens
INGR Support and Resistance Analysis
104.80
We found 2 important support areas.
- A support zone ranging from 109.79 to 111.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 105.86 to 107.54. 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 114.88 to 117.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 120.11 to 123.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
INGR 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 | DOWN | NEGATIVE | The long term trend for INGR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INGR is down. |
| ChartMill Relative Strength | 26.55 | NEGATIVE | INGR has a low relative strength, it was outperformed by 73.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INGR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INGR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.77 | NEUTRAL | The RSI value for INGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests INGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.74 | NEUTRAL | The Stochastics value for INGR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for INGR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.92 | POSITIVE | The high ADX value value for INGR suggests a strong trend. |
INGR Chart- and CandleStick Pattern Analysis
INGR Technicals: Chart, Performance Metrics, Trend & Indicators
112.02
-0.31 (-0.28%)
INGREDION INC / INGR TA FAQ
Can you provide the ChartMill technical rating for INGREDION INC?
ChartMill assigns a technical rating of 1 / 10 to INGR.
Can you provide the trend direction for INGREDION INC?
The current trend direction for INGREDION INC (INGR) is Bearish.
Can you provide the RSI signal for INGREDION INC?
INGREDION INC (INGR) has an RSI value of 39.768. This indicates that the stock is currently neutral.
What is the MACD signal for INGREDION INC (INGR) stock?
The MACD indicator for INGREDION INC (INGR) has a value of -0.477907, indicating a bearish trend.
What is the buy/sell signal for INGREDION INC (INGR) stock?
The buy/sell signal for INGREDION INC (INGR) is sell as both the short term and long term trends are negative.