WHOLE FOODS MKT INC (WFM) Technical Analysis
NASDAQ:WFM • US9668371068
Current stock price
WFM Technical Rating and Analysis
Overall WFM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WFM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WFM did better than 87% of all other stocks. We also observe that the gains produced by WFM over the past year are nicely spread over this period.
- WFM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WFM is lagging the market slightly.
- WFM has an average volume of 9651900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month WFM has a been trading in a tight range between 41.67 and 42.01.
WFM Weekly and Daily overview Charts
WFM Setup Rating and Analysis
Although WFM has an excellent technical rating, it does not present a decent entry opportunity 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
WFM Support and Resistance Analysis
29.48
We found 3 important support areas.
- A support zone ranging from 41.67 to 41.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.10 from a trend line in the daily time frame.
- Support @29.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.95 to 43.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
WFM 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 | UP | POSITIVE | The long term trend for WFM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WFM is up. |
| ChartMill Relative Strength | 87.07 | POSITIVE | WFM has a high relative strength, it outperformed 87.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WFM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WFM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WFM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.67 | NEUTRAL | The RSI value for WFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WFM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.52 | NEUTRAL | The Stochastics value for WFM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for WFM suggests low volalility. |
WFM Chart- and CandleStick Pattern Analysis
WFM Technicals: Chart, Performance Metrics, Trend & Indicators
41.99
+0.01 (+0.02%)
WHOLE FOODS MKT INC / WFM TA FAQ
What is the ChartMill technical rating of WHOLE FOODS MKT INC (WFM) stock?
ChartMill assigns a technical rating of 10 / 10 to WFM.
What is the trend direction for WFM stock?
The current trend direction for WHOLE FOODS MKT INC (WFM) is Bullish.
What is the RSI signal for WHOLE FOODS MKT INC (WFM) stock?
WHOLE FOODS MKT INC (WFM) has an RSI value of 63.6684. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WHOLE FOODS MKT INC?
The MACD indicator for WHOLE FOODS MKT INC (WFM) has a value of -0.0345216, indicating a bearish trend.
What is the buy/sell signal for WFM stock?
The buy/sell signal for WHOLE FOODS MKT INC (WFM) is buy as both the short term and long term trends are positive.