WHOLE FOODS MKT INC (WFM) Stock Technical Analysis
USA - NASDAQ:WFM - US9668371068
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.
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
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.
We found 1 important resistance 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. |
41.99
+0.01 (+0.02%)
WHOLE FOODS MKT INC / WFM FAQ
Can you provide the ChartMill technical rating for WHOLE FOODS MKT INC?
ChartMill assigns a technical rating of 10 / 10 to WFM.
What is the current trend direction of WHOLE FOODS MKT INC (WFM) stock?
The current trend direction for WHOLE FOODS MKT INC (WFM) is Bullish.
What is the RSI signal for WFM stock?
WHOLE FOODS MKT INC (WFM) has an RSI value of 63.6684. This indicates that the stock is currently neutral.
What is the MACD signal for WHOLE FOODS MKT INC (WFM) stock?
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 WHOLE FOODS MKT INC (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.