We assign a technical rating of 3 out of 10 to IMMR. In the past year, IMMR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, IMMR does present a nice setup opportunity. 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 7.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.80 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.59 to 6.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.07 to 7.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.25 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.02 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for IMMR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMMR is up. |
| ChartMill Relative Strength | 21.44 | NEGATIVE | IMMR has a low relative strength, it was outperformed by 78.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMMR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IMMR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IMMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for IMMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests IMMR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.71 | OVERBOUGHT | The high Stochastics value suggests IMMR may be overbought. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for IMMR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for IMMR suggests a strong trend. |
6.96
-0.01 (-0.14%)
IMMERSION CORPORATION / IMMR FAQ
Can you provide the ChartMill technical rating for IMMERSION CORPORATION?
ChartMill assigns a technical rating of 3 / 10 to IMMR.
What is the current trend direction of IMMERSION CORPORATION (IMMR) stock?
The current trend direction for IMMERSION CORPORATION (IMMR) is Bearish.
What is the RSI signal for IMMERSION CORPORATION (IMMR) stock?
IMMERSION CORPORATION (IMMR) has an RSI value of 55.8325. This indicates that the stock is currently neutral.
What is the support and resistance level for IMMR stock?
IMMERSION CORPORATION (IMMR) has a support level at 6.9 and a resistance level at 7.07. Check the full technical report for our detailed analysis of IMMR support and resistance levels.