IMMERSION CORPORATION (IMMR) Stock Technical Analysis
NASDAQ:IMMR - Nasdaq - US4525211078 - Common Stock - Currency: USD
Taking everything into account, IMMR scores 2 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, IMMR is a bad performer in the overall market: 79% of all stocks are doing better.
IMMR 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 IMMR is lagging the market.
In the last month IMMR has a been trading in the 6.95 - 7.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
IMMR is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, IMMR did better than 51% of them.
IMMR 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 support zone below the current price at 7.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
6.72
8.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.36 to 7.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.79 to 6.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.53 to 7.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.71 to 7.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.68 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 | DOWN | NEGATIVE | The long term trend for IMMR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMMR is up. |
| ChartMill Relative Strength | 21.47 | NEGATIVE | IMMR has a low relative strength, it was outperformed by 78.53% 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) | 52.99 | NEUTRAL | The RSI value for IMMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IMMR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.94 | NEUTRAL | The Stochastics value for IMMR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for IMMR suggests some volalility. |
| Average Directional Index/ADX (14) | 10.42 | NEGATIVE | The low ADX value for IMMR 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)
7.52
-0.09 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.18%
1 Week1.76%
2 Weeks-2.34%
1 Month3.44%
3 Month-6.47%
6 Month-15.88%
12 Month-24.72%
2 Year6.21%
3 Year35.25%
5 Year11.32%
10 Year-37.8%
15 Year41.62%
Volatility
ATR(14)0.19
ATR(20)%2.54%
ATR Inc-32.95%
Range Today0.13
ADR(20)0.17
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.47
Mansfield-1.78
10 Day High7.78
10 Day Low7.24
20 Day High7.78
20 Day Low6.95
52 Week High13.94
52 Week Low6.47
CS1 End7.49
CR1 Start7.53
Volume & EV
DER(3)0.72%
DER(5)2.46%
Volume346.30K
Volume Incr-2.88%
Vol(5)282.52K
Vol(50)340.55K