IMAX CORP (IMAX) Stock Technical Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
32.44 USD
+0.21 (+0.65%)
32.44 USD
0 (0%)
We assign a technical rating of 10 out of 10 to IMAX. Both in the recent history as in the last year, IMAX has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 88% of all stocks. On top of that, IMAX also shows a nice and consistent pattern of rising prices.
IMAX is one of the better performing stocks in the Entertainment industry, it outperforms 84% of 80 stocks in the same industry.
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.
In the last month IMAX has a been trading in the 30.74 - 34.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IMAX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 31.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMAX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
25.07
32.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.09 to 32.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.22 from a horizontal line in the daily time frame.
- A support zone ranging from 26.49 to 26.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.32 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 | NEUTRAL | NEUTRAL | The short term trend for IMAX is neutral. |
| ChartMill Relative Strength | 88.52 | POSITIVE | IMAX has a high relative strength, it outperformed 88.52% 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) | 56.13 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests IMAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.16 | NEUTRAL | The Stochastics value for IMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.12 | POSITIVE | The high ADX value value for IMAX suggests a strong 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 |
|---|---|---|---|
| 33.91 | 31.08 | 2.83 (8.35%) | 11.98% |
| An entry @33.91. This is a Buy Stop order right above the 10 day high. | An exit @31.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.83 points, which is 8.35%. | For a 1.00% total portfolio risk, you can invest 11.98% 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.
32.44
+0.21 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.65%
1 Week3.3%
2 Weeks-4.36%
1 Month0.84%
3 Month13.41%
6 Month43.56%
12 Month52.32%
2 Year76.99%
3 Year153.18%
5 Year179.53%
10 Year-16.05%
15 Year48.87%
Volatility
ATR(14)0.97
ATR(20)%2.78%
ATR Inc7.92%
Range Today0.63
ADR(20)0.89
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.52
Mansfield1.07
10 Day High33.9
10 Day Low30.74
20 Day High34.14
20 Day Low30.74
52 Week High34.14
52 Week Low19.91
CS1 End31.93
CR1 StartN/A
Volume & EV
DER(3)3.19%
DER(5)2.43%
Volume1.06M
Volume Incr16.22%
Vol(5)965.08K
Vol(50)936.10K