ImmunoGen Inc (IMGN) Stock Technical Analysis
NASDAQ:IMGN - Nasdaq - US45253H1014 - Common Stock - Currency: USD
Taking everything into account, IMGN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, IMGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, IMGN did better than 99% of all other stocks. We also observe that the gains produced by IMGN over the past year are nicely spread over this period.
IMGN is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 560 stocks in the same industry.
IMGN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IMGN is leading the market.
In the last month IMGN has a been trading in the 29.15 - 31.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IMGN has an average volume of 10012600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IMGN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.23
31.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.26 to 29.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.37 from a horizontal 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 IMGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMGN is up. |
| ChartMill Relative Strength | 99.75 | POSITIVE | IMGN has a high relative strength, it outperformed 99.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.52 | OVERBOUGHT | The high RSI value suggests IMGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IMGN has a positive trend. |
| Stochastics (14,3) | 90.88 | OVERBOUGHT | The high Stochastics value suggests IMGN may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for IMGN suggests low volalility. |
| Average Directional Index/ADX (14) | 44.53 | POSITIVE | The high ADX value value for IMGN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
31.23
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week6.73%
2 Weeks5.61%
1 Month5.15%
3 Month111.59%
6 Month117.33%
12 Month617.93%
2 Year453.72%
3 Year256.91%
5 Year561.65%
10 Year90.43%
15 Year669.21%
Volatility
ATR(14)0.3
ATR(20)%0.81%
ATR Inc340.22%
Range Today0.03
ADR(20)0.17
ADR(20)%0.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.75
Mansfield7.01
10 Day High31.25
10 Day Low29.15
20 Day High31.25
20 Day Low29.15
52 Week High31.25
52 Week Low3.61
CS1 End29.76
CR1 StartN/A
Volume & EV
DER(3)0.49%
DER(5)-3.88%
Volume48.61M
Volume Incr379.63%
Vol(5)24.38M
Vol(50)10.01M