WEIS MARKETS INC (WMK) Stock Technical Analysis
NYSE:WMK - New York Stock Exchange, Inc. - US9488491047 - Common Stock - Currency: USD
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.
When comparing the yearly performance of all stocks, WMK is a bad performer in the overall market: 80% of all stocks are doing better.
WMK is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 64% of 40 stocks in the same industry do better.
In the last month WMK has a been trading in the 72.08 - 79.05 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
WMK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WMK is lagging the market slightly.
WMK has a poor technical rating and the quality of the setup is also not perfect 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
60.53
79.10
We found 3 important support areas.
- A support zone ranging from 71.84 to 72.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 66.00 to 66.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @61.14 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 73.77 to 76.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.24 to 78.32. 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 | NEUTRAL | NEUTRAL | The long term trend for WMK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WMK is down. |
| ChartMill Relative Strength | 20.5 | NEGATIVE | WMK has a low relative strength, it was outperformed by 79.5% 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) | 39.06 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests WMK has a negative trend. |
| Stochastics (14,3) | 6.35 | OVERSOLD | The low Stochastics value suggests WMK may be oversold. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.91 | NEGATIVE | The low ADX value for WMK suggests a weak or negative trend. |
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)
72.58
+0.17 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.23%
1 Week-5.7%
2 Weeks-5.17%
1 Month-4.25%
3 Month-17.49%
6 Month7.43%
12 Month-0.51%
2 Year11.89%
3 Year-6.6%
5 Year47.43%
10 Year78.55%
15 Year106.43%
Volatility
ATR(14)1.86
ATR(20)%2.36%
ATR Inc-38.34%
Range Today0.95
ADR(20)1.63
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.5
Mansfield-0.61
10 Day High78.47
10 Day Low72.08
20 Day High79.05
20 Day Low72.08
52 Week High90.23
52 Week Low62.25
CS1 End72.13
CR1 Start73.77
Volume & EV
DER(3)-2.43%
DER(5)-2.03%
Volume112.20K
Volume Incr23.2%
Vol(5)125.42K
Vol(50)119.14K