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IMKTA (Ingles Markets) 9-Day RSI : 43.91 (As of Dec. 13, 2024)


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What is Ingles Markets 9-Day RSI?

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-12-13), Ingles Markets's 9-Day RSI is 43.91.

The industry rank for Ingles Markets's 9-Day RSI or its related term are showing as below:

IMKTA's 9-Day RSI is ranked better than
70.55% of 343 companies
in the Retail - Defensive industry
Industry Median: 51.72 vs IMKTA: 43.91

Competitive Comparison of Ingles Markets's 9-Day RSI

For the Grocery Stores subindustry, Ingles Markets's 9-Day RSI, along with its competitors' market caps and 9-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ingles Markets's 9-Day RSI Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's 9-Day RSI distribution charts can be found below:

* The bar in red indicates where Ingles Markets's 9-Day RSI falls into.



Ingles Markets  (NAS:IMKTA) 9-Day RSI Calculation

The formula for calculating RSI is:

RSI=100[ 100 / ( 1 + Average Gain / Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ingles Markets  (NAS:IMKTA) 9-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 9-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Ingles Markets 9-Day RSI Related Terms

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Ingles Markets Business Description

Traded in Other Exchanges
Address
2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
Executives
Sharp Laura Ingle director 2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711
Michael David Hogan officer: President of Subsidiary Milkco C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816
Patricia Jackson officer: CFO P.O. BOX 6676, ASHEVILLE NC 28816
James W Lanning director, officer: President, other: Profit Sharing Plan Trustee
John R Lowden director 140 GREENWICH AVE, GREENWICH CT 06830
Ernest E. Ferguson director P.O. BOX 6676, ASHEVILLE NC 28816
Fred Ayers director 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Brenda S Tudor director, officer: VP Finance, Treasurer, CFO
L. Keith Collins director P.O. BOX 6676, ASHEVILLE NC 28816
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011 10 percent owner P.O. BOX 6676, ASHEVILLE NC 28816
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010 10 percent owner 2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Robert P Ingle director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee
Ingles Markets Inc Investment/profit Sharing Plan Trust 10 percent owner
Ronald B Freeman director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee P.O. BOX 6676, ASHEVILLE NC 28816
Ingle Robert P Ii director, officer: VP - Operations PO BOX 6676, ASHEVILLE NC 28816