Weis Markets Inc Stock Analysis
Technical stock analysis for 18 January 2019
|Shorts||19.86% ( 2018-12-31 )|
Weis Markets Inc gained 0.43% in the last trading day, rising from $48.86 to $49.07 , and has now gained 5 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 1.55% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 64 444 more shares were traded than the day before. In total, 125 271 shares bought and sold for approximately $6.15 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the WMK stock was $49.07. This is 0.43% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 1.29% from a day low at $48.89 to a day high of $49.52.
30 day high of the WMK stock price was $49.52 and low was $44.74.
90 day high was $49.52 and low was $42.15.
52 week high for the Weis Markets Inc - $57.82 and low - $36.50.
Weis Markets Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.26% during the next 3 months and, with 90% probability hold a price between $48.63 and $53.60 at the end of this period.
Only positive signals in the chart today. Weis Markets Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $48.31 and $46.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
Weis Markets Inc finds support from accumulated volume at $48.32.
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 $0.63 (1.29%) between high and low. For the last week, the stock has had a daily average volatility of 1.49%.
Our recommended stoploss: $46.60 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)
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Weis Markets Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.