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 5 out of 10. INGR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
INGR is part of the Food Products industry. There are 91 other stocks in this industry. INGR outperforms 76% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, INGR outperforms 58% of them, which is more or less in line with the market.
INGR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INGR is lagging the market.
In the last month INGR has a been trading in a tight range between 133.00 and 140.47.
Although the technical rating is only medium, INGR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 136.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INGR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
121.98
142.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 133.41 to 136.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.27 to 126.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.21 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 137.36 to 138.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @140.95 from a horizontal line in the daily 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 INGR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INGR is neutral. |
| ChartMill Relative Strength | 58.13 | NEUTRAL | INGR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INGR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.99 | NEUTRAL | The RSI value for INGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests INGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.97 | NEUTRAL | The Stochastics value for INGR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for INGR suggests low volalility. |
| Average Directional Index/ADX (14) | 11.62 | NEGATIVE | The low ADX value for INGR suggests a weak or negative 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)
137.35
-0.86 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.62%
1 Week1.45%
2 Weeks0.33%
1 Month0.09%
3 Month4.94%
6 Month0.6%
12 Month22.22%
2 Year23.45%
3 Year50.97%
5 Year58.79%
10 Year55.73%
15 YearN/A
Volatility
ATR(14)2.43
ATR(20)%1.66%
ATR Inc-18.24%
Range Today1.56
ADR(20)2.2
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.13
Mansfield-0.58
10 Day High140.47
10 Day Low133
20 Day High140.47
20 Day Low133
52 Week High155.44
52 Week Low111.93
CS1 End136.74
CR1 Start137.36
Volume & EV
DER(3)5.06%
DER(5)3.37%
Volume226.50K
Volume Incr5.64%
Vol(5)456.42K
Vol(50)447.85K