WMK - Weis Markets Inc

Industry: Grocery Stores Sector: Services Exchange: NYSE

WMK - Weis Markets Inc

Industry: Grocery Stores Sector: Services Exchange: NYSE
#4588()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 2.26%
PRICE $48.37
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Weis Markets Inc Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Sell candidate since 2018-08-03 Loss -4.44%
Shorts 19.64% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 0.50
ROA 7.37

Weis Markets Inc gained 2.26% in the last trading day, rising from $47.30 to $48.37 The price has fallen in 6 of the last 10 days and is down by -5.4% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 43 621 more shares were traded than the day before. In total, 112 307 shares bought and sold for approximately $5.43 million.

Trend

Weis Markets Inc lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $47.24 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.00% during the next 3 months and, with 90% probability hold a price between $43.93 and $50.52 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday August 13, 2018, 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. 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 $51.75. On a fall, the stock will find some support from the short-term average at $48.36. 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 36 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 $47.92.

Support: $47.92 Price: $48.37 Resistance: $52.77

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 $1.25 (2.63%) between high and low. For the last week, the stock has had a daily average volatility of 2.37%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Weis Markets Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Sell Candidate

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