IMMUNOGEN INC (IMGN)       4.77  +0.06 (+1.27%)

4.77  +0.06 (+1.27%)

US45253H1014 - Common Stock - After market: 4.73 -0.04 (-0.84%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to IMGN. IMGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



In the last month IMGN has a been trading in the 4.13 - 4.93 range, which is quite wide. It is currently trading near the high of this range.
IMGN has an average volume of 3081610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IMGN is part of the Biotechnology industry. There are 641 other stocks in this industry, IMGN did better than 50% of them.
IMGN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, IMGN is a bad performer in the overall market: 81% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 15.22% -11.01% -12.15% -17.19% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 19.68 3.095 - 6.63
IMGN Weekly chart
IMGN Daily chart

Support/Resistance Analysis


4.24

5.69
3 important support areas can be observed.
  • A support zone ranging from 4.57 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.39 from a horizontal line in the weekly time frame.
  • Support @4.28 from a trend line in the daily time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 4.78 to 4.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @5.63 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

8

IMGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMGN 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.

IMGN Daily chart

IMMUNOGEN INC4.77

NASDAQ:IMGN (2/7/2023, 7:00:03 PM)+0.06 (+1.27%)

After market: 4.73 -0.04 (-0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today 1.27% 1 Week 3.7%
2 Weeks 2.14% 1 Month 15.22%
3 Month -11.01% 6 Month -12.15%

Volatility
ATR(14) 0.24 ATR(20)% 5.45%
ATR Inc -25.99% Range Today 0.17

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

Relative Strength & Ranges
CRS 19.68 Mansfield -0.73
10 Day High 4.93 10 Day Low 4.48
20 Day High 4.93 20 Day Low 4.13
52 Week High 6.63 52 Week Low 3.1
CS1 End 4.71 CR1 Start 4.78

Volume & EV
DER(3) 2.04% DER(5) 6.12%
Volume 2.05M Volume Incr -17.36%
Vol(5) 2.68M Vol(50) 3.08M

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