IMAX CORP (IMAX)       14.49  +0.46 (+3.28%)

14.49  +0.46 (+3.28%)

CA45245E1097 - Common Stock - After market: 14.49 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to IMAX. IMAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



IMAX is part of the Entertainment industry. There are 82 other stocks in this industry. IMAX outperforms 74% of them.
In the last month IMAX has a been trading in the 13.44 - 16.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
64% of all other stocks performed better in the past year than IMAX.
IMAX is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so IMAX is not an exception.

Statistics

1 Month 3 Months 6 Months 12 Months -6.58% -13.70% -21.72% -26.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 36.61 13.44 - 22.1
IMAX Weekly chart
IMAX Daily chart

Support/Resistance Analysis


13.62

18.29
When analyzing the support we notice one important area.
  • A support zone ranging from 13.76 to 13.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
  • A resistance zone ranging from 15.87 to 16.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @16.39 from a horizontal line in the daily time frame.
  • Resistance @16.69 from a trend line in the daily time frame.
  • Resistance @17.39 from a horizontal line in the weekly time frame.
  • Resistance @18.11 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of IMAX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


IMAX Daily chart

IMAX CORP14.49

NYSE:IMAX (9/27/2022, 7:04:00 PM)+0.46 (+3.28%)

After market: 14.49 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Communication Services
GICS Industry Entertainment
Performance
Today 3.28% 1 Week -3.34%
2 Weeks -7.59% 1 Month -6.58%
3 Month -13.7% 6 Month -21.72%
Volatility
ATR(14) 0.6 ATR(20)% 4.2%
ATR Inc 12% Range Today 0.62
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 36.61 Mansfield -0.25
10 Day High 16.32 10 Day Low 13.44
20 Day High 16.46 20 Day Low 13.44
52 Week High 22.1 52 Week Low 13.44
CS1 End 13.86 CR1 Start 15.87
Volume & EV
DER(3) 2.23% DER(5) -0.09%
Volume 847.50K Volume Incr 90.53%
Vol(5) 877.58K Vol(50) 525.14K

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