IMAGO BIOSCIENCES INC (IMGO) Technical Analysis
NASDAQ:IMGO • US45250K1079
Current stock price
IMGO Technical Rating and Analysis
Taking everything into account, IMGO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMGO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- IMGO is part of the Biotechnology industry. There are 517 other stocks in this industry. IMGO outperforms 95% of them.
- IMGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so IMGO is leading the market.
- Looking at the yearly performance, IMGO did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month IMGO has a been trading in a tight range between 35.74 and 36.09.
- Considerably lower volume is observed in the last couple of days.
IMGO Weekly and Daily overview Charts
IMGO Setup Rating and Analysis
Besides having an excellent technical rating, IMGO also presents 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 36.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.97, a Stop Loss order could be placed below this zone.
More info and screens
IMGO Support and Resistance Analysis
35.41
When analyzing the support we notice one important area.
- A support zone ranging from 35.77 to 35.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.02 to 36.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
IMGO Technical Indicator Signal Analysis
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 IMGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMGO is up. |
| ChartMill Relative Strength | 99.04 | POSITIVE | IMGO has a high relative strength, it outperformed 99.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 86.31 | OVERBOUGHT | The high RSI value suggests IMGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests IMGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.93 | NEUTRAL | The Stochastics value for IMGO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for IMGO suggests low volalility. |
| Average Directional Index/ADX (14) | 73.51 | POSITIVE | The high ADX value value for IMGO suggests a strong trend. |
IMGO Chart- and CandleStick Pattern Analysis
IMGO Example Setup
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 |
|---|---|---|---|
| 36.03 | 35.90 | 0.13 (0.36%) | 25.00% |
| An entry @36.03. This is a Buy Stop order right above the resistance zone. | An exit @35.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 0.36%. | For a 0.09% total portfolio risk, you can invest 25.00% 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.
IMGO Technicals: Chart, Performance Metrics, Trend & Indicators
36.01
+0.01 (+0.03%)
IMAGO BIOSCIENCES INC / IMGO TA FAQ
What is the technical rating for IMGO stock?
ChartMill assigns a technical rating of 8 / 10 to IMGO.
What is the trend direction for IMGO stock?
The current trend direction for IMAGO BIOSCIENCES INC (IMGO) is Bullish.
What is the RSI signal for IMAGO BIOSCIENCES INC (IMGO) stock?
IMAGO BIOSCIENCES INC (IMGO) has an RSI value of 86.3066. This indicates that the stock is currently overbought.
What is the MACD signal for IMGO stock?
The MACD indicator for IMAGO BIOSCIENCES INC (IMGO) has a value of -0.49884, indicating a bearish trend.
Can you provide the support and resistance levels for IMAGO BIOSCIENCES INC?
IMAGO BIOSCIENCES INC (IMGO) has a support level at 35.97 and a resistance level at 36.02. Check the full technical report for our detailed analysis of IMGO support and resistance levels.