Ingles Markets Technical Analysis (NASDAQ:IMKTA)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. A IMKTA stock chart pattern can give those who understand technical analysis an indication of which way IMKTA stock is headed, but cannot predict with 100% certainty as to what can happen to the Ingles Markets stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Ingles Markets. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Ingles Markets stock analysis.
Ingles Markets Moving Average:
Moving averages show the IMKTA stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling IMKTA moving average implies that Ingles Markets stock price is falling.
Ingles Markets Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the IMKTA stock. Currently the stock price of $24.5 is in the upper range of Ingles Markets bollinger bands.
Ingles Markets Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Ingles Markets MACD indicator is below 0 indicating a bearish trend.
Ingles Markets Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of IMKTA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .