WEIS MARKETS INC (WMK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WMK - US9488491047 - Common Stock
Taking everything into account, WMK scores 1 out of 10 in our technical rating. WMK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WMK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.08, a Stop Loss order could be placed below this zone.
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60.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.34 to 64.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.60 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 67.03 to 68.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @69.19 from a trend line in the daily time frame.
- Resistance @72.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 74.04 to 74.36. This zone is formed by a combination of multiple trend lines 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 | 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 | 24.53 | NEGATIVE | WMK has a low relative strength, it was outperformed by 75.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WMK is below the rising 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) | DOWN | NEGATIVE | The current price of WMK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.09 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests WMK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.39 | NEUTRAL | The Stochastics value for WMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for WMK suggests a weak or negative trend. |
64.97
-0.42 (-0.64%)
WEIS MARKETS INC / WMK FAQ
What is the technical rating for WMK stock?
ChartMill assigns a technical rating of 1 / 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 45.0896. 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 0.162432, indicating a bearish trend.
What is the short term momentum for WMK stock?
The short term momentum for WEIS MARKETS INC (WMK) is negative.