WMK - Weis Markets Inc

Industry: Grocery Stores Sector: Services Exchange: NYSE

WMK - Weis Markets Inc

Industry: Grocery Stores Sector: Services Exchange: NYSE
#2413()/7534

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE 0.19%
PRICE $43.11
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Weis Markets Inc Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Sell candidate since 2018-09-24 Loss -4.73%
Shorts 18.44% ( 2018-09-28 )
Cash n/a
Loans n/a
Beta 0.40
ROA 7.37

Weis Markets Inc gained 0.19% in the last trading day, rising from $43.03 to $43.11 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume fell in the last day by -14 109 shares, and in total, 106 019 shares bought and sold for approximately $4.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Weis Markets Inc has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $42.18, a level that may pose a second chance to hit a runner. According to fan-theory $46.00 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

A buy signal was issued from a pivot bottom point on Friday October 05, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Weis Markets Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $43.63. On a fall, the stock will find some support from the short-term average at $42.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Weis Markets Inc finds support from accumulated volume at $42.45.

Support: $42.45 Price: $43.11 Resistance: $43.71

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.89 (2.10%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

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