IMAX CORP (IMAX) Technical Analysis
NYSE:IMAX • CA45245E1097
Current stock price
IMAX Technical Rating and Analysis
Taking everything into account, IMAX scores 7 out of 10 in our technical rating. In the last year, IMAX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month IMAX has a been trading in the 35.83 - 43.16 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IMAX did better than 82% of all other 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 82% of 80 stocks in the same industry.
- IMAX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IMAX is performing more or less in line with the market.
- IMAX has an average volume of 1106070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
IMAX Weekly and Daily overview Charts
IMAX Setup Rating and Analysis
Although IMAX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
IMAX Support and Resistance Analysis
24.69
When analyzing the support we can see 4 important areas.
- Support @36.12 from a trend line in the daily time frame.
- A support zone ranging from 33.41 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.48 from a trend line in the weekly time frame.
- Support @24.94 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.70 to 37.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
IMAX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for IMAX is down. |
| ChartMill Relative Strength | 82.64 | POSITIVE | IMAX has a high relative strength, it outperformed 82.64% 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) | 41.36 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests IMAX has a negative trend. |
| Stochastics (14,3) | 6.46 | OVERSOLD | The low Stochastics value suggests IMAX may be oversold. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.46 | NEGATIVE | The low ADX value for IMAX suggests a weak or negative trend. |
IMAX Chart- and CandleStick Pattern Analysis
IMAX Technicals: Chart, Performance Metrics, Trend & Indicators
36.69
+0.07 (+0.19%)
IMAX CORP / IMAX TA FAQ
Can you provide the ChartMill technical rating for IMAX CORP?
ChartMill assigns a technical rating of 7 / 10 to IMAX.
Can you provide the trend direction for IMAX CORP?
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 41.3567. 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 -0.516157, indicating a bearish trend.
What is the buy/sell signal for IMAX CORP (IMAX) stock?
The buy/sell signal for IMAX CORP (IMAX) is hold as the short term and long term trends are mixed.