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 1 out of 10. IMAX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month IMAX has a been trading in the 24.50 - 29.20 range, which is quite wide. It is currently trading near the lows of this range.
IMAX has an average volume of 1027030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, IMAX turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
IMAX is part of the Entertainment industry. There are 73 other stocks in this industry, IMAX did better than 62% of them.
IMAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IMAX is lagging the market.
Although the technical rating is bad, IMAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.51. Right above this resistance zone may be a good entry point.
More info and screens
21.23
29.53
3 important support areas can be observed.
- Support @23.88 from a trend line in the weekly time frame.
- Support @22.66 from a trend line in the weekly time frame.
- A support zone ranging from 21.44 to 21.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.51 to 27.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.24 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for IMAX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMAX is down. |
| ChartMill Relative Strength | 62.23 | NEUTRAL | IMAX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of IMAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IMAX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.39 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests IMAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.94 | OVERSOLD | The low Stochastics value suggests IMAX may be oversold. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.09 | 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)
24.76
+0.11 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.45%
1 Week-1.75%
2 Weeks-7.78%
1 Month-8.06%
3 Month-4.84%
6 Month-2.48%
12 Month24.05%
2 Year29.43%
3 Year57.91%
5 Year61.09%
10 Year-21.02%
15 Year75.23%
Volatility
ATR(14)0.98
ATR(20)%3.79%
ATR Inc-54.19%
Range Today0.46
ADR(20)0.94
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.23
Mansfield-0.73
10 Day High27.17
10 Day Low24.5
20 Day High29.2
20 Day Low24.5
52 Week High29.66
52 Week Low18.76
CS1 End23.88
CR1 Start26.51
Volume & EV
DER(3)1.75%
DER(5)1.5%
Volume557.40K
Volume Incr-38.16%
Vol(5)813.44K
Vol(50)1.03M