INGLES MARKETS INC. - Daily - Technical analysis published on 08/27/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 70.90 USD
My targets
78.05 USD (+5.84%)
81.07 USD (+9.94%)
My analysis
The basic trend is currently slightly bullish on INGLES MARKETS INC. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 70.90 USD, purchases could be favourable. The first bullish objective would be the resistance located at 78.05 USD. Then the price could move towards 81.07 USD. Then 85.28 USD by extension. A return under the support to 70.90 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INGLES MARKETS INC. rating 73.74 USD. The price has increased by +0.37% since the last closing and was traded between 73.01 USD and 73.81 USD over the period. The price is currently at +1.00% from its lowest and -0.09% from its highest.73.01
73.81
73.74
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INGLES MARKETS INC. in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 11 are bullish, 3 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.66 | 70.90 | 73.39 | 73.74 | 78.05 | 81.07 | 85.28 |
| Change (%) | -8.25% | -3.85% | -0.47% | - | +5.84% | +9.94% | +15.65% |
| Change | -6.08 | -2.84 | -0.35 | - | +4.31 | +7.33 | +11.54 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.43 | 71.18 | 72.32 | 73.07 | 74.21 | 74.96 | 76.10 |
| Camarilla | 72.95 | 73.12 | 73.30 | 73.47 | 73.64 | 73.82 | 73.99 |
| Woodie | 70.64 | 71.28 | 72.53 | 73.17 | 74.42 | 75.06 | 76.31 |
| Fibonacci | 71.18 | 71.90 | 72.35 | 73.07 | 73.79 | 74.24 | 74.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.57 | 68.90 | 70.42 | 71.75 | 73.27 | 74.60 | 76.12 |
| Camarilla | 71.16 | 71.42 | 71.68 | 71.94 | 72.20 | 72.46 | 72.72 |
| Woodie | 67.67 | 68.95 | 70.52 | 71.80 | 73.37 | 74.65 | 76.22 |
| Fibonacci | 68.90 | 69.99 | 70.66 | 71.75 | 72.84 | 73.51 | 74.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.90 | 62.02 | 71.53 | 76.65 | 86.16 | 91.28 | 100.79 |
| Camarilla | 77.03 | 78.37 | 79.71 | 81.05 | 82.39 | 83.73 | 85.07 |
| Woodie | 59.11 | 63.12 | 73.74 | 77.75 | 88.37 | 92.38 | 103.00 |
| Fibonacci | 62.02 | 67.61 | 71.06 | 76.65 | 82.24 | 85.69 | 91.28 |
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): | 51.06 | |
| MACD (12,26,9): | -0.6100 | |
| Directional Movement: | 0.72 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 72.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.23 | |
| Elder Ray (13): | 0.64 | |
| Super Trend (3,10): | 75.62 | |
| Zig ZAG (10): | 73.57 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 56.82 | |
| TEMA (21): | 71.61 | |
| Williams %R (14): | -30.04 | |
| Chande Momentum Oscillator (20): | -0.63 | |
| Repulse (5,40,3): | 1.8100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 9.31 |
| MA7: | 72.05 | |
| MA20: | 73.68 | |
| MA50: | 72.93 | |
| MA100: | 72.73 | |
| MAexp7: | 72.55 | |
| MAexp20: | 73.18 | |
| MAexp50: | 73.34 | |
| MAexp100: | 73.69 | |
| Price / MA7: | +2.35% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.07% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on INGLES MARKETS INC.. At the time of publication of this analysis, the latest news was as follows:
- Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2023
- Ingles Markets, Incorporated Declares Quarterly Cash Dividend
- Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023
- Ingles Markets, Incorporated Declares Quarterly Cash Dividend
- Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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