WEIS MARKETS INC (WMK) Stock Technical Analysis
NYSE:WMK • US9488491047
Overall WMK gets a technical rating of 7 out of 10. Although WMK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- WMK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, WMK turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- WMK is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 51% of 38 stocks in the same industry.
- WMK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WMK is lagging the market.
Besides having an excellent technical rating, WMK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 74.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
60.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 72.26 to 73.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 70.14 to 70.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.43 from a horizontal line in the daily time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 74.04 to 74.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @76.61 from a horizontal line 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 | UP | POSITIVE | The long term trend for WMK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMK is neutral. |
| ChartMill Relative Strength | 57.82 | NEUTRAL | WMK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WMK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WMK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WMK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.85 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WMK has a negative trend. |
| Stochastics (14,3) | 71.04 | NEUTRAL | The Stochastics value for WMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 31.13 | POSITIVE | The high ADX value value for WMK suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 74.49 | 72.25 | 2.24 (3.01%) | 25.00% |
| An entry @74.49. This is a Buy Stop order right above the resistance zone. | An exit @72.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.24 points, which is 3.01%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WMK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
73.48
-0.94 (-1.26%)
WEIS MARKETS INC / WMK FAQ
What is the technical rating for WMK stock?
ChartMill assigns a technical rating of 7 / 10 to WMK.
What is the trend direction for WMK stock?
The current trend direction for WEIS MARKETS INC (WMK) is Bullish.
Can you provide the RSI signal for WEIS MARKETS INC?
WEIS MARKETS INC (WMK) has an RSI value of 58.8465. This indicates that the stock is currently neutral.
What are the support and resistance levels for WEIS MARKETS INC (WMK) stock?
WEIS MARKETS INC (WMK) has a support level at 73.31 and a resistance level at 74.04. Check the full technical report for our detailed analysis of WMK support and resistance levels.