IMAX CORP (IMAX) Stock Technical Analysis
NYSE:IMAX - New York Stock Exchange, Inc. - CA45245E1097 - Common Stock - Currency: USD
Overall IMAX gets a technical rating of 7 out of 10. IMAX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month IMAX has a been trading in the 25.87 - 29.66 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that IMAX is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, IMAX also shows a nice and consistent pattern of rising prices.
IMAX is part of the Entertainment industry. There are 72 other stocks in this industry. IMAX outperforms 81% of them.
IMAX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMAX is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, IMAX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 26.92, a Stop Loss order could be placed below this zone.
More info and screens
22.15
27.49
We found 4 important support areas.
- A support zone ranging from 26.82 to 26.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.17 from a horizontal line in the daily time frame.
- Support @23.31 from a trend line in the weekly time frame.
- A support zone ranging from 22.37 to 22.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.05 to 27.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for IMAX is neutral. |
| ChartMill Relative Strength | 89.77 | POSITIVE | IMAX has a high relative strength, it outperformed 89.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IMAX is below 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) | 47.2 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests IMAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.62 | NEUTRAL | The Stochastics value for IMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for IMAX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 27.23 | 26.81 | 0.42 (1.54%) | 25.00% |
| An entry @27.23. This is a Buy Stop order right above the resistance zone. | An exit @26.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 1.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- The distance between exit and entry is rather small compared to the average daily movement of IMAX. Please evaluate whether better entry and exit points can be found.
- 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.
26.93
+0.76 (+2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.9%
1 Week-1.54%
2 Weeks-2.21%
1 Month-2.36%
3 Month25.61%
6 Month16.73%
12 Month54.59%
2 Year46.28%
3 Year60.2%
5 Year138.53%
10 Year-28.01%
15 Year74.08%
Volatility
ATR(14)0.87
ATR(20)%3.34%
ATR Inc-0.94%
Range Today0.91
ADR(20)0.86
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.77
Mansfield0.4
10 Day High28.11
10 Day Low25.87
20 Day High29.66
20 Day Low25.87
52 Week High29.66
52 Week Low16.87
CS1 End26.92
CR1 Start27.05
Volume & EV
DER(3)0.08%
DER(5)-0.09%
Volume1.00M
Volume Incr32.21%
Vol(5)1.13M
Vol(50)826.49K