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 2 out of 10 to WMK. WMK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month WMK has a been trading in the 72.74 - 78.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, WMK outperforms 68% of them, which is more or less in line with the market.
WMK is an average performer in the Consumer Staples Distribution & Retail industry, it outperforms 50% of 41 stocks in the same industry.
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 bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.77, a Stop Loss order could be placed below this zone.
More info and screens
63.44
79.66
3 important support areas can be observed.
- A support zone ranging from 73.31 to 73.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 66.00 to 66.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 64.08 to 64.33. 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 74.57 to 76.35. 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 78.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.42 | NEUTRAL | WMK is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of WMK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.13 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests WMK has a positive trend. |
| Stochastics (14,3) | 11.28 | OVERSOLD | The low Stochastics value suggests WMK may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.45 | 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)
73.97
+0.77 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.05%
1 Week0.35%
2 Weeks-0.15%
1 Month0.2%
3 Month-2.94%
6 Month7.05%
12 Month17.06%
2 Year15.2%
3 Year-0.76%
5 Year47.59%
10 Year75.49%
15 Year124.77%
Volatility
ATR(14)1.46
ATR(20)%2.28%
ATR Inc-28.86%
Range Today1.33
ADR(20)1.62
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.42
Mansfield-0.04
10 Day High76.91
10 Day Low73.18
20 Day High78.99
20 Day Low72.74
52 Week High90.23
52 Week Low61.58
CS1 End73.77
CR1 Start74.57
Volume & EV
DER(3)-1.64%
DER(5)-0.45%
Volume417.70K
Volume Incr23.07%
Vol(5)159.76K
Vol(50)142.29K