Londinia Opportunities Analyses - 04/26/2024 (GMT) WEIS MARKETS INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	WMK
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 63.93 USD

My targets

65.88 USD (+2.14%)

66.84 USD (+3.63%)

My analysis

WEIS MARKETS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 63.93 USD. The next resistance located at 65.88 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 66.84 USD. After this resistance, buyers could then target 69.54 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

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Additional analysis

Quotes

The WEIS MARKETS INC. rating is 64.50 USD. The price has increased by +1.30% since the last closing and was between 63.93 USD and 64.50 USD. This implies that the price is at +0.89% from its lowest and at 0% from its highest.

63.93

64.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WEIS MARKETS INC.:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this WEIS MARKETS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	62.68	63.03	63.93	64.50	64.62	65.88	66.84
Change (%)	-2.82%	-2.28%	-0.88%	-	+0.19%	+2.14%	+3.63%
Change	-1.82	-1.47	-0.57	-	+0.12	+1.38	+2.34
Level	Intermediate	Minor	Major	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.23	62.86	63.26	63.89	64.29	64.92	65.32
Camarilla	63.39	63.48	63.58	63.67	63.76	63.86	63.95
Woodie	62.13	62.80	63.16	63.83	64.19	64.86	65.22
Fibonacci	62.86	63.25	63.49	63.89	64.28	64.52	64.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.36	59.64	62.06	63.34	65.76	67.04	69.46
Camarilla	63.47	63.81	64.15	64.49	64.83	65.17	65.51
Woodie	58.94	59.93	62.64	63.63	66.34	67.33	70.04
Fibonacci	59.64	61.05	61.92	63.34	64.75	65.62	67.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.24	59.13	61.76	64.65	67.28	70.17	72.80
Camarilla	62.88	63.39	63.89	64.40	64.91	65.41	65.92
Woodie	56.12	59.07	61.64	64.59	67.16	70.11	72.68
Fibonacci	59.13	61.24	62.54	64.65	66.76	68.06	70.17

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.23
MACD (12,26,9):	0.2600
Directional Movement:	8.09
AROON (14):	57.14
DEMA (21):	64.09
Parabolic SAR (0,02-0,02-0,2):	63.48
Elder Ray (13):	0.20
Super Trend (3,10):	62.91
Zig ZAG (10):	64.24
VORTEX (21):	1.0800
Stochastique (14,3,5):	68.46
TEMA (21):	64.16
Williams %R (14):	-15.52
Chande Momentum Oscillator (20):	0.57
Repulse (5,40,3):	0.6700
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.50

MA7:	63.56
MA20:	62.79
MA50:	63.15
MA100:	62.62
MAexp7:	64.00
MAexp20:	63.75
MAexp50:	63.32
MAexp100:	63.07
Price / MA7:	+1.48%
Price / MA20:	+2.72%
Price / MA50:	+2.14%
Price / MA100:	+3.00%
Price / MAexp7:	+0.78%
Price / MAexp20:	+1.18%
Price / MAexp50:	+1.86%
Price / MAexp100:	+2.27%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on WEIS MARKETS INC.. At the time of publication of this analysis, the latest news was as follows: