IGM FINANCIAL INC (IGM.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:IGM - CA4495861060 - Common Stock
We assign a technical rating of 8 out of 10 to IGM. Although IGM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, IGM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 56.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.02
When analyzing the support we can see 6 important areas.
- A support zone ranging from 55.86 to 56.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 53.09 to 53.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.15 from a horizontal line in the daily time frame.
- Support @45.96 from a trend line in the daily time frame.
- Support @45.10 from a trend line in the weekly time frame.
- Support @43.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.06 to 57.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IGM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IGM.CA is up. |
| ChartMill Relative Strength | 68.83 | NEUTRAL | IGM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IGM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IGM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.43 | NEUTRAL | The RSI value for IGM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IGM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.23 | OVERBOUGHT | The high Stochastics value suggests IGM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for IGM.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.01 | POSITIVE | The high ADX value value for IGM.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.48 | 55.85 | 1.63 (2.84%) | 25.00% |
| An entry @57.48. This is a Buy Stop order right above the resistance zone. | An exit @55.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 2.84%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:IGM (11/28/2025, 7:00:00 PM)
57.05
-0.38 (-0.66%)
IGM FINANCIAL INC / IGM.CA FAQ
What is the ChartMill technical rating of IGM FINANCIAL INC (IGM.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to IGM.CA.
What is the trend direction for IGM stock?
The current trend direction for IGM FINANCIAL INC (IGM.CA) is Bullish.
What is the RSI signal for IGM FINANCIAL INC (IGM.CA) stock?
IGM FINANCIAL INC (IGM.CA) has an RSI value of 62.4269. This indicates that the stock is currently neutral.
What is the MACD signal for IGM FINANCIAL INC (IGM.CA) stock?
The MACD indicator for IGM FINANCIAL INC (IGM.CA) has a value of 0.035991, indicating a bearish trend.
What is the short term momentum for IGM stock?
The short term momentum for IGM FINANCIAL INC (IGM.CA) is positive.