INGREDION INC (INGR) Stock Technical Analysis
NYSE:INGR - New York Stock Exchange, Inc. - US4571871023 - Common Stock - Currency: USD
Overall INGR gets a technical rating of 0 out of 10. 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.
80% of all other stocks performed better in the past year than INGR.
INGR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
INGR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
INGR is an average performer in the Food Products industry, it outperforms 53% of 89 stocks in the same industry.
Although the technical rating is bad, INGR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
121.99
142.37
When analyzing the support we can see 2 important areas.
- Support @125.92 from a horizontal line in the weekly time frame.
- A support zone ranging from 123.22 to 123.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 126.27 to 126.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 131.92 to 137.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 140.82 to 140.96. 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 | 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 | 20.91 | NEGATIVE | INGR has a low relative strength, it was outperformed by 79.09% 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) | 33.17 | NEUTRAL | The RSI value for INGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests INGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.92 | NEUTRAL | The Stochastics value for INGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for INGR suggests low volalility. |
| Average Directional Index/ADX (14) | 36.63 | POSITIVE | The high ADX value value for INGR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
125.93
-0.46 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.36%
1 Week-0.25%
2 Weeks-0.35%
1 Month-5.42%
3 Month-10.57%
6 Month-0.69%
12 Month-3.86%
2 Year22.37%
3 Year44.63%
5 Year56.55%
10 Year45.85%
15 YearN/A
Volatility
ATR(14)2.17
ATR(20)%1.62%
ATR Inc-12.94%
Range Today1.5
ADR(20)1.97
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.91
Mansfield-1.52
10 Day High128.6
10 Day Low124.08
20 Day High135.68
20 Day Low124.08
52 Week High155.44
52 Week Low120.51
CS1 End125.92
CR1 Start126.27
Volume & EV
DER(3)1.57%
DER(5)0.02%
Volume370.30K
Volume Incr-33.77%
Vol(5)337.70K
Vol(50)464.34K