IMAX CORP (IMAX) Stock Technical Analysis
NYSE:IMAX • CA45245E1097
Taking everything into account, IMAX scores 6 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that IMAX is one of the better performing stocks in the market, outperforming 78% of all stocks.
- IMAX is one of the better performing stocks in the Entertainment industry, it outperforms 78% of 80 stocks in the same industry.
- IMAX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMAX is lagging the market slightly.
- IMAX has an average volume of 1108850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month IMAX has a been trading in the 33.71 - 39.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, IMAX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.32, a Stop Loss order could be placed below this zone.
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27.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 35.84 to 36.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @30.42 from a trend line in the weekly time frame.
- Support @28.05 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.72 to 38.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.05 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 | UP | POSITIVE | The long term trend for IMAX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMAX is neutral. |
| ChartMill Relative Strength | 78.11 | POSITIVE | IMAX has a high relative strength, it outperformed 78.11% 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) | DOWN | MIXED | The current price of IMAX is above a declining 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) | 50.76 | NEUTRAL | The RSI value for IMAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IMAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.1 | NEUTRAL | The Stochastics value for IMAX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for IMAX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.07 | NEGATIVE | The low ADX value for IMAX suggests a weak or negative 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 |
|---|---|---|---|
| 38.19 | 35.83 | 2.36 (6.18%) | 16.18% |
| An entry @38.19. This is a Buy Stop order right above the resistance zone. | An exit @35.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.36 points, which is 6.18%. | When investing 16.18% 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.
36.52
-0.31 (-0.84%)
IMAX CORP / IMAX FAQ
Can you provide the ChartMill technical rating for IMAX CORP?
ChartMill assigns a technical rating of 6 / 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 50.762. 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 0.0450819, indicating a bearish trend.