IMAX CORP (IMAX) Stock Technical Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
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.
IMAX has an excellent technical rating, but the quality of the setup is only medium 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.
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25.78
We found 5 important support areas.
- A support zone ranging from 33.54 to 33.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.96 to 32.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.08 to 31.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.22 to 27.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.04 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 | 91.59 | POSITIVE | IMAX has a high relative strength, it outperformed 91.59% 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) | 64.08 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests IMAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.18 | NEUTRAL | The Stochastics value for IMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.93 | 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 |
|---|---|---|---|
| 36.17 | 33.53 | 2.64 (7.30%) | 13.70% |
| An entry @36.17. This is a Buy Stop order right above the 10 day high. | An exit @33.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.64 points, which is 7.30%. | When investing 13.70% 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.
35.17
+0.17 (+0.49%)
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 64.0769. 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 0.160171, indicating a bearish trend.
What are the support and resistance levels for IMAX CORP (IMAX) stock?
IMAX CORP (IMAX) has a support level at 33.75. Check the full technical report for our detailed analysis of IMAX support and resistance levels.