IMAX CORP (IMAX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
We assign a technical rating of 10 out of 10 to IMAX. 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.
Besides having an excellent technical rating, IMAX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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26.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 34.05 to 34.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.40 from a horizontal line in the daily time frame.
- Support @31.96 from a horizontal line in the daily time frame.
- A support zone ranging from 27.97 to 28.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.47 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 | 89.06 | POSITIVE | IMAX has a high relative strength, it outperformed 89.06% 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) | 62.28 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests IMAX has a positive trend. |
| Stochastics (14,3) | 87.49 | OVERBOUGHT | The high Stochastics value suggests IMAX may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.39 | POSITIVE | The high ADX value value for IMAX suggests a strong trend. |
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 |
|---|---|---|---|
| 38.90 | 32.99 | 5.91 (15.19%) | 6.58% |
| An entry @38.90. This is a Buy Stop order right above the 10 day high. | An exit @32.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.91 points, which is 15.19%. | When investing 6.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
38.3
+0.19 (+0.5%)
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 62.2805. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IMAX CORP?
The MACD indicator for IMAX CORP (IMAX) has a value of 0.13517, indicating a bearish trend.
What are the support and resistance levels for IMAX CORP (IMAX) stock?
IMAX CORP (IMAX) has a support level at 34.19. Check the full technical report for our detailed analysis of IMAX support and resistance levels.