IMPAC MORTGAGE HOLDINGS INC (IMH) Stock Technical Analysis
NYSEARCA:IMH - NYSE Arca - US45254P5089 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to IMH. IMH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, IMH is a bad performer in the overall market: 91% of all stocks are doing better.
IMH is one of the lesser performing stocks in the Financial Services industry. 84% of 100 stocks in the same industry do better.
IMH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IMH is lagging the market.
In the last month IMH has a been trading in the 0.22 - 0.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of IMH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.15
0.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.15 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @0.36 from a trend line in the weekly time frame.
- Resistance @0.37 from a horizontal line in the daily time frame.
- Resistance @0.43 from a trend 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 | DOWN | NEGATIVE | The long term trend for IMH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMH is down. |
| ChartMill Relative Strength | 9.26 | NEGATIVE | IMH has a low relative strength, it was outperformed by 90.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IMH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.91 | NEUTRAL | The RSI value for IMH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IMH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.38 | OVERSOLD | The low Stochastics value suggests IMH may be oversold. |
| Average True Range in percent/ATR (20) | 14.31 | HIGH VOLATILITY | The high ATR as a percentage value for IMH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for IMH suggests a weak or negative 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)
NYSEARCA:IMH (4/26/2023, 8:04:00 PM)
0.2249
+0 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg2.23%
1 Week-13.53%
2 Weeks-23.76%
1 Month-32.14%
3 Month-31.83%
6 Month-19.74%
12 Month-67.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%14.31%
ATR Inc-54.72%
Range Today0.01
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
CRS9.26
Mansfield-4.61
10 Day High0.31
10 Day Low0.22
20 Day High0.4
20 Day Low0.22
52 Week High0.88
52 Week Low0.12
CS1 End0.21
CR1 Start0.36
Volume & EV
DER(3)-15.35%
DER(5)-9.71%
Volume11.70K
Volume Incr-23.48%
Vol(5)28.80K
Vol(50)79.68K