INGR Technical Analysis - INGREDION INC

Technical Rating and Analysis

Taking everything into account, INGR scores 0 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

84% of all other stocks performed better in the past year than INGR.

INGR is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month INGR has a been trading in the 119.43 - 128.98 range, which is quite wide. It is currently trading near the lows of this range.

INGR is an average performer in the Food Products industry, it outperforms 44% of 89 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

INGR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 119.59, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

118.39

138.73

When analyzing the support we notice one important area.

A support zone ranging from 119.59 to 119.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 123.77 to 126.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 129.54 to 132.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Strong resistance @137.36 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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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	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	16.57	NEGATIVE	INGR has a low relative strength, it was outperformed by 83.43% 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)	DOWN	NEGATIVE	The current price of INGR is below a declining 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)	29.05	OVERSOLD	The low RSI value suggests INGR may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests INGR has a negative trend.
Stochastics (14,3)	16.83	OVERSOLD	The low Stochastics value suggests INGR may be oversold.
Average True Range in percent/ATR (20)	1.57	LOW VOLATILITY	The low ATR as a percentage value for INGR suggests low volalility.
Average Directional Index/ADX (14)	30.24	POSITIVE	The high ADX value value for INGR suggests a strong trend.