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IMAGO BIOSCIENCES INC (IMGO) Stock Technical Analysis

NASDAQ:IMGO - Nasdaq - US45250K1079 - Common Stock - Currency: USD

36.01  +0.01 (+0.03%)

After market: 36.01 0 (0%)

Technical Rating and Analysis

9

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.

Both the short term and long term trends are positive. This is a very positive sign.
IMGO is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 559 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that IMGO is one of the better performing stocks in the market, outperforming 99% of all 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.
Weekly and Daily overview Charts
IMAGO BIOSCIENCES INC / IMGO Weekly stock chart
IMAGO BIOSCIENCES INC / IMGO Daily stock chart
Setup Rating and Analysis

7

IMGO 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 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.

Support and Resistance Analysis

35.41

36.38

We found 1 important support 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for IMGO is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for IMGO is up.
ChartMill Relative Strength99.04POSITIVEIMGO has a high relative strength, it outperformed 99.04% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of IMGO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of IMGO is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of IMGO is above the rising SMA(200).
Relative Strength Index/RSI (14)86.31OVERBOUGHTThe high RSI value suggests IMGO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.5NEGATIVEThe MACD value suggests IMGO has a negative trend, although the MACD value is rising.
Stochastics (14,3)71.93NEUTRALThe Stochastics value for IMGO is a neutral value.
Average True Range in percent/ATR (20)0.2LOW VOLATILITYThe low ATR as a percentage value for IMGO suggests low volalility.
Average Directional Index/ADX (14)73.51POSITIVEThe high ADX value value for IMGO suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
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.

ENTRYEXITDISTANCECAPITAL
36.0335.900.13 (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%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%.

  • 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.
IMAGO BIOSCIENCES INC / IMGO Daily stock chart

IMAGO BIOSCIENCES INC

NASDAQ:IMGO (1/10/2023, 8:15:28 PM)

After market: 36.01 0 (0%)

36.01

+0.01 (+0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.03%
1 Week0.08%
2 Weeks0.19%
1 Month0.25%
3 Month134.29%
6 Month117.85%
12 Month94.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.2%
ATR Inc-69.89%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.04
Mansfield8.45
10 Day High36.02
10 Day Low35.91
20 Day High36.09
20 Day Low35.74
52 Week High36.09
52 Week Low11.56
CS1 End35.97
CR1 Start36.02
Volume & EV
DER(3)2.03%
DER(5)0.16%
Volume139.30K
Volume Incr-65.24%
Vol(5)166.32K
Vol(50)890.59K