WEIS MARKETS INC (WMK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WMK - US9488491047 - Common Stock
Taking everything into account, WMK scores 0 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. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 64.91 to 68.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.21 from a horizontal line in the daily time frame.
- Resistance @73.31 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 | 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 | 27.28 | NEGATIVE | WMK has a low relative strength, it was outperformed by 72.72% 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) | DOWN | NEGATIVE | The current price of WMK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.71 | NEUTRAL | The RSI value for WMK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests WMK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.36 | OVERSOLD | The low Stochastics value suggests WMK may be oversold. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WMK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for WMK suggests a weak or negative trend. |
64.61
+0.66 (+1.03%)
WEIS MARKETS INC / WMK FAQ
What is the technical rating for WMK stock?
ChartMill assigns a technical rating of 0 / 10 to WMK.
What is the trend direction for WMK stock?
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 42.7126. This indicates that the stock is currently neutral.
What is the buy/sell signal for WEIS MARKETS INC (WMK) stock?
The buy/sell signal for WEIS MARKETS INC (WMK) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for WEIS MARKETS INC?
WEIS MARKETS INC (WMK) has a support level at 64.08 and a resistance level at 64.91. Check the full technical report for our detailed analysis of WMK support and resistance levels.