IMAX CORP (IMAX) Stock Technical Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
31.96 USD
-0.35 (-1.08%)
31.96 USD
0 (0%)
Taking everything into account, IMAX scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IMAX did better than 86% of all other stocks. We also observe that the gains produced by IMAX over the past year are nicely spread over this period.
IMAX is part of the Entertainment industry. There are 80 other stocks in this industry. IMAX outperforms 73% of them.
IMAX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
IMAX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
IMAX has an average volume of 1116130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, IMAX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 31.95, a Stop Loss order could be placed below this zone.
More info and screens
24.49
32.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.88 to 31.95. 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 25.71 to 25.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.74 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 | 86.59 | POSITIVE | IMAX has a high relative strength, it outperformed 86.59% 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) | 70.7 | OVERBOUGHT | The high RSI value suggests IMAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests IMAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.22 | OVERBOUGHT | The high Stochastics value suggests IMAX may be overbought. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 45.2 | 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 |
|---|---|---|---|
| 32.97 | 31.87 | 1.10 (3.34%) | 25.00% |
| An entry @32.97. This is a Buy Stop order right above the 10 day high. | An exit @31.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.10 points, which is 3.34%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
31.96
-0.35 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-1.08%
1 Week-1.24%
2 Weeks7.32%
1 Month23.07%
3 Month12.38%
6 Month19.48%
12 Month58.85%
2 Year65.42%
3 Year126.35%
5 Year167.22%
10 Year-5.42%
15 Year89.56%
Volatility
ATR(14)0.85
ATR(20)%2.69%
ATR Inc4.5%
Range Today0.79
ADR(20)0.83
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.59
Mansfield1.25
10 Day High32.96
10 Day Low29.89
20 Day High32.96
20 Day Low26.17
52 Week High32.96
52 Week Low18.76
CS1 End31.95
CR1 StartN/A
Volume & EV
DER(3)1.92%
DER(5)2.17%
Volume1.08M
Volume Incr-2.01%
Vol(5)1.05M
Vol(50)1.12M