Technical Analysis for INGR - Ingredion Incorporated

Grade Last Price % Change Price Change
A 118.45 1.61% 1.88
INGR closed up 1.61 percent on Wednesday, May 8, 2024, on 2.13 times normal volume. It was able to find support at its 50 day moving average. The bulls were able to push the stock to a new 52-week high. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%

   Recent Intraday Alerts

Alert Time
New 52 Week High about 11 hours ago
Rose Above Upper Bollinger Band about 11 hours ago
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago
3x Volume Pace about 11 hours ago

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Profile

Ingredion Incorporated Description

Ingredion Incorporated, together with its subsidiaries, manufactures and sells starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. Its products are derived primarily from processing corn and other starch-based materials, such as tapioca, potato, and rice. The company's products include sweetener products comprising glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, and glucose and syrup solids; and starch-based products, which include food-grade and industrial starches. It also provides refined corn oil to packers of cooking oil, as well as to producers of margarine, salad dressings, shortening, mayonnaise, and other foods. In addition, the company offers corn gluten feed that is used as protein feed for chickens, pet food, and aquaculture. It serves the food, beverage, brewing, pharmaceutical, paper and corrugated products, textile, and personal care industries, as well as the animal feed and corn oil markets. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in May 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.


Classification

Sector: Consumer Defensive
Industry: Packaged Foods
Keywords: Beverage Textiles Foods Cooking Glucose Animal Feed Pet Food Nutrition Syrup Polyol Cooking Oil Aquaculture Brewing Corn Oil Physical Objects Sugar Substitute Corrugated Products Gluten Food Grade Demulcents Fructose

Is INGR a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 118.5
52 Week Low 88.3113
Average Volume 379,233
200-Day Moving Average 105.28
50-Day Moving Average 114.94
20-Day Moving Average 113.83
10-Day Moving Average 115.20
Average True Range 1.77
RSI (14) 66.44
ADX 15.2
+DI 18.11
-DI 25.34
Chandelier Exit (Long, 3 ATRs) 113.18
Chandelier Exit (Short, 3 ATRs) 114.83
Upper Bollinger Bands 117.93
Lower Bollinger Band 109.73
Percent B (%b) 1.06
BandWidth 7.21
MACD Line 0.66
MACD Signal Line 0.19
MACD Histogram 0.471
Fundamentals Value
Market Cap 7.72 Billion
Num Shares 65.2 Million
EPS 9.60
Price-to-Earnings (P/E) Ratio 12.34
Price-to-Sales 0.87
Price-to-Book 1.96
PEG Ratio 1.36
Dividend 2.98
Dividend Yield 2.52%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 127.08
Resistance 3 (R3) 126.13 122.32 125.64
Resistance 2 (R2) 122.32 120.12 122.79 125.16
Resistance 1 (R1) 120.38 118.76 121.35 121.33 124.68
Pivot Point 116.57 116.57 117.05 117.04 116.57
Support 1 (S1) 114.63 114.37 115.60 115.58 112.22
Support 2 (S2) 110.82 113.01 111.29 111.74
Support 3 (S3) 108.88 110.82 111.26
Support 4 (S4) 109.83