WEIS MARKETS INC (WMK) Stock Technical Analysis
USA - NYSE:WMK - US9488491047 - Common Stock
72.98 USD
+1.41 (+1.97%)
72.98 USD
0 (0%)
Taking everything into account, WMK scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month WMK has a been trading in the 68.38 - 73.49 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, WMK outperforms 48% of them, which is more or less in line with the market.
WMK is part of the Consumer Staples Distribution & Retail industry. There are 39 other stocks in this industry, WMK did better than 47% of them.
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.
Although the technical rating is bad, WMK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 74.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.90, a Stop Loss order could be placed below this zone.
More info and screens
65.34
79.10
3 important support areas can be observed.
- A support zone ranging from 69.34 to 72.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.57 from a trend line in the weekly time frame.
- Support @66.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @74.36 from a horizontal line in the daily time frame.
- Resistance @76.97 from a horizontal line in the weekly time frame.
- 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 | DOWN | NEGATIVE | The long term trend for WMK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WMK is neutral. |
| ChartMill Relative Strength | 48.81 | NEUTRAL | WMK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WMK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WMK is above 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) | 55.51 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests WMK has a positive trend. |
| Stochastics (14,3) | 74.62 | NEUTRAL | The Stochastics value for WMK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.12 | 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)
72.98
+1.41 (+1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.97%
1 Week0.19%
2 Weeks2.9%
1 Month-0.11%
3 Month-3.72%
6 Month-6.1%
12 Month9.91%
2 Year12.1%
3 Year-22.09%
5 Year60.71%
10 Year77.39%
15 Year87.32%
Volatility
ATR(14)1.67
ATR(20)%2.52%
ATR Inc-4.03%
Range Today1.77
ADR(20)1.77
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.81
Mansfield-1.09
10 Day High73.12
10 Day Low68.38
20 Day High73.49
20 Day Low68.38
52 Week High90.23
52 Week Low62.25
CS1 End72.9
CR1 Start74.36
Volume & EV
DER(3)-0.24%
DER(5)-0.07%
Volume124.80K
Volume Incr-23.4%
Vol(5)159.92K
Vol(50)165.97K