IMPERIAL OIL LTD (IMO)

CA4530384086 - Common Stock

71.03  +0.43 (+0.61%)

After market: 71.03 0 (0%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to IMO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IMO did better than 80% of all other stocks.
IMO is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. IMO outperforms 78% of them.
IMO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IMO is performing more or less in line with the market.
IMO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Weekly and Daily overview Charts
IMO Weekly chart
IMO Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, IMO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 71.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.33, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

63.62

74.62

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 68.27 to 70.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @66.84 from a trend line in the daily time frame.
  • Support @65.58 from a trend line in the weekly time frame.
  • A support zone ranging from 64.26 to 64.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • Resistance @71.27 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 72.92 to 73.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.03
Mansfield0.2
10 Day High72.3
10 Day Low68.83
20 Day High72.3
20 Day Low67.18
52 Week High74.58
52 Week Low51.53
Performance
1 Week2.3%
2 Weeks0.84%
1 Month2.81%
3 Month0.47%
6 Month24.05%
12 Month31.39%
2 Year48.04%
3 Year159.42%
5 Year159.33%
10 Year38.35%
15 Year77.58%
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)58.85
LBB68.22
UBB71.86
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
71.2868.822.46 (3.45%)25.00%
An entry @71.28. This is a Buy Stop order right above the resistance zone.An exit @68.82. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.46 points, which is 3.45%.For a 0.86% 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.
IMO Daily chart

IMPERIAL OIL LTD

NYSEARCA:IMO (7/26/2024, 7:04:00 PM)

After market: 71.03 0 (0%)

71.03

+0.43 (+0.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.61%
1 Week2.3%
2 Weeks0.84%
1 Month2.81%
3 Month0.47%
6 Month24.05%
12 Month31.39%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.45
ATR(20)%2.14%
ATR Inc
Range Today1.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High72.3
10 Day Low68.83
20 Day High72.3
20 Day Low67.18
52 Week High74.58
52 Week Low51.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume239.80K
Volume Incr-31.58%
Vol(5)260.68K
Vol(50)348.71K