WEIS MARKETS INC (WMK) Stock Technical Analysis
USA - NYSE:WMK - US9488491047 - Common Stock
We assign a technical rating of 0 out of 10 to WMK. WMK'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.
The technical rating of WMK is bad and it also does not present a 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.
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62.71
When analyzing the support we notice one important area.
- A support zone ranging from 63.34 to 63.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 69.24 to 69.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.41 to 74.36. 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 WMK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WMK is down. |
| ChartMill Relative Strength | 21.64 | NEGATIVE | WMK has a low relative strength, it was outperformed by 78.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WMK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WMK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.74 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests WMK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.25 | NEUTRAL | The Stochastics value for WMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.68 | POSITIVE | The high ADX value value for WMK suggests a strong trend. |
64.79
-1.09 (-1.65%)
WEIS MARKETS INC / WMK FAQ
What is the technical rating for WMK stock?
ChartMill assigns a technical rating of 0 / 10 to WMK.
Can you provide the trend direction for WEIS MARKETS INC?
The current trend direction for WEIS MARKETS INC (WMK) is Bearish.
Can you provide the RSI signal for WEIS MARKETS INC?
WEIS MARKETS INC (WMK) has an RSI value of 38.7355. This indicates that the stock is currently neutral.
What is the MACD signal for WMK stock?
The MACD indicator for WEIS MARKETS INC (WMK) has a value of -0.110915, indicating a bearish trend.
What is the short term momentum for WMK stock?
The short term momentum for WEIS MARKETS INC (WMK) is negative.