WHOLE FOODS MKT INC (WFM) Stock Technical Analysis
NASDAQ:WFM - Nasdaq - US9668371068
Taking everything into account, WFM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WFM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WFM is one of the better performing stocks in the market, outperforming 87% of all 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 is also trading in the upper part of its 52 week range, so WFM is performing more or less in line with the market.
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.
Although WFM has an excellent technical rating, it does not offer a high quality setup 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
29.48
43.70
When analyzing the support we can see 3 important 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.
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. |
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)
41.99
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.02%
1 Week0.62%
2 Weeks0.57%
1 Month0.41%
3 Month19.56%
6 Month33.05%
12 Month36.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.2%
ATR Inc147.48%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.07
Mansfield1.86
10 Day High42.01
10 Day Low41.67
20 Day High42.01
20 Day Low41.67
52 Week High43.84
52 Week Low27.67
CS1 End41.85
CR1 Start42.95
Volume & EV
DER(3)-0.33%
DER(5)1.75%
Volume4.27M
Volume Incr64.7%
Vol(5)8.07M
Vol(50)9.65M