How the (IMKTA) price action is used to our Advantage
March 13, 2024, 10:36 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IMKTA
- Buy IMKTA slightly over 73.54 target 78.86 stop loss @ 73.33 Details
The technical summary data tells us to buy IMKTA near 73.54 with an upside target of 78.86. This data also tells us to set a stop loss @ 73.33 to protect against excessive loss in case the stock begins to move against the trade. 73.54 is the first level of support below 74.585 , and by rule, any test of support is a buy signal. In this case, support 73.54 would be being tested, so a buy signal would exist.
- Short IMKTA slightly under 78.86, target 73.54, stop loss @ 79.09 Details
The technical summary data is suggesting a short of IMKTA as it gets near 78.86 with a downside target of 73.54. We should have a stop loss in place at 79.09though. 78.86 is the first level of resistance above 74.585, and by rule, any test of resistance is a short signal. In this case, if resistance 78.86 is being tested, so a short signal would exist.
Swing Trading Plans for IMKTA
- Buy IMKTA slightly over 74.85, target 76.37, Stop Loss @ 74.63 Details
If 74.85 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 74.85, with an upside target of 76.37. The data also tells us to set a stop loss @ 74.63 in case the stock turns against the trade. 74.85 is the first level of resistance above 74.585, and by rule, any break above resistance is a buy signal. In this case, 74.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IMKTA slightly near 74.85, target 73.54, Stop Loss @ 75.07. Details
The technical summary data is suggesting a short of IMKTA if it tests 74.85 with a downside target of 73.54. We should have a stop loss in place at 75.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for IMKTA
- Buy IMKTA slightly over 74.85, target 76.37, Stop Loss @ 74.68 Details
If 74.85 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 74.85, with an upside target of 76.37. The data also tells us to set a stop loss @ 74.68 in case the stock turns against the trade. 74.85 is the first level of resistance above 74.585, and by rule, any break above resistance is a buy signal. In this case, 74.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IMKTA slightly near 74.85, target 74.16, Stop Loss @ 75.02. Details
The technical summary data is suggesting a short of IMKTA if it tests 74.85 with a downside target of 74.16. We should have a stop loss in place at 75.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Ingles Markets Incorporated Class A Common Stock (IMKTA) available here: IMKTA.
IMKTA Ratings for March 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
73.54 |
| P2 |
74.16 |
74.85 |
78.86 |
| P3 |
74.77 |
76.37 |
84.26 |
AI Generated Signals for IMKTA
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ingles Markets Incorporated Class A Common Stock (NASDAQ: IMKTA) data table below can help you with price action, and we have more details too. Trading plans for IMKTA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IMKTA:
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