IMAX CORP (IMAX) Stock Technical Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
Overall IMAX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMAX is showing a nice and steady performance.
IMAX has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
25.63
4 important support areas can be observed.
- A support zone ranging from 31.92 to 33.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.08 to 31.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.11 to 27.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.89 from a trend line in the weekly time frame.
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 IMAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMAX is up. |
| ChartMill Relative Strength | 91.31 | POSITIVE | IMAX has a high relative strength, it outperformed 91.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.35 | OVERBOUGHT | The high RSI value suggests IMAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests IMAX has a positive trend. |
| Stochastics (14,3) | 91.06 | OVERBOUGHT | The high Stochastics value suggests IMAX may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for IMAX suggests a strong trend. |
35.66
+1.18 (+3.42%)
IMAX CORP / IMAX FAQ
What is the technical rating for IMAX stock?
ChartMill assigns a technical rating of 10 / 10 to IMAX.
What is the trend direction for IMAX stock?
The current trend direction for IMAX CORP (IMAX) is Bullish.
What is the RSI signal for IMAX stock?
IMAX CORP (IMAX) has an RSI value of 75.3469. This indicates that the stock is currently overbought.
Can you provide the MACD signal for IMAX CORP?
The MACD indicator for IMAX CORP (IMAX) has a value of 0.274292, indicating a bearish trend.
What are the support and resistance levels for IMAX CORP (IMAX) stock?
IMAX CORP (IMAX) has a support level at 33.39. Check the full technical report for our detailed analysis of IMAX support and resistance levels.