Technical Analysis of IMPERIAL BRANDS PLC(LON:IMB) stock

Technical Rating

We assign a technical rating of 7 out of 10 to IMB. Although IMB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

IMB is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.

When comparing the yearly performance of all stocks, we notice that IMB is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

In the last month IMB has a been trading in the 1787.25 - 1918.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month

3 Months

6 Months

12 Months

1.88%

9.28%

2.55%

16.36%

SMA(20)

SMA(50)

SMA(100)

SMA(200)

52 Wk Range

ST Trend

LT Trend

86.35

1435.5 - 1918

Support/Resistance Analysis

1,511.24

1,919.52

We found 3 important support areas.

A support zone ranging from 1772.50 to 1857.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1617.44 from a trend line in the weekly time frame.
A support zone ranging from 1526.50 to 1527.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @1867.01 from a horizontal line in the weekly time frame.
Resistance @1900.51 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

IMB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1857.0, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMB in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.

ENTRY	EXIT	DISTANCE	CAPITAL
1,867.02	1,787.24	79.78 (4.27%)	23.40%
An entry @1867.02. This is a Buy Stop order right above the resistance zone.	An exit @1787.24. This is a Stop Loss order right below the 10 day low.	The worst case loss on the trade is limited to 79.78 points, which is 4.27%.	For a 1.00% total portfolio risk, you can invest 23.40% of your capital in this trade.

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.

IMPERIAL BRANDS PLC1867

LON:IMB (8/10/2022, 5:35:15 PM)+6 (+0.32%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS Sector	N/A
GICS Industry	N/A

Performance

Today	0.32%	1 Week	1.77%
2 Weeks	0.54%	1 Month	1.88%
3 Month	9.28%	6 Month	2.55%

Volatility

ATR(14)	28.66	ATR(20)%	1.81%
ATR Inc	-15.03%	Range Today	22.5

Trend & SMA

ST Trend		LT Trend
SMA(5)		SMA(10)
SMA(20)		SMA(50)
SMA(100)		SMA(200)

Relative Strength & Ranges

CRS	86.35	Mansfield	1.49
10 Day High	1881	10 Day Low	1787.25
20 Day High	1918	20 Day Low	1787.25
52 Week High	1918	52 Week Low	1435.5
CS1 End	1857	CR1 Start	1867.01

Volume & EV

DER(3)	4.1%	DER(5)	5.36%
Volume	406.98K	Volume Incr	-14.29%
Vol(5)	528.13K	Vol(50)	661.84K

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IMPERIAL BRANDS PLC (IMB.L) 1867 +6 (+0.32%)

1867 +6 (+0.32%)