IMPERIAL OIL LTD (IMO)

CA4530384086 - Common Stock

70.54  +0.1 (+0.14%)

Technical Rating and Analysis

10

Taking everything into account, IMO scores 10 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, IMO is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, IMO did better than 90% of all other stocks. We also observe that the gains produced by IMO over the past year are nicely spread over this period.
IMO is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. IMO outperforms 83% 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.
In the last month IMO has a been trading in the 67.60 - 74.58 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.
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 support zone below the current price at 70.34, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

49.56

74.62

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 68.50 to 70.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @57.71 from a trend line in the daily time frame.
  • Support @54.69 from a horizontal line in the daily time frame.
  • Support @50.06 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • 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
CRS90.68
Mansfield1.34
10 Day High74.58
10 Day Low67.64
20 Day High74.58
20 Day Low67.6
52 Week High74.58
52 Week Low44.46
Performance
1 Week2.71%
2 Weeks-3.78%
1 Month4.09%
3 Month23.02%
6 Month22.19%
12 Month38.31%
2 Year40.49%
3 Year143.32%
5 Year142.23%
10 Year44.34%
15 Year97.75%
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)-0.54
RSI(14)56.16
LBB67.48
UBB74.51
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
73.8968.495.40 (7.31%)13.68%
An entry @73.89. This is a Buy Stop order right above the resistance zone.An exit @68.49. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 5.40 points, which is 7.31%.For a 1.00% total portfolio risk, you can invest 13.68% 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 (4/23/2024, 2:56:04 PM)

70.54

+0.1 (+0.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.14%
1 Week2.71%
2 Weeks-3.78%
1 Month4.09%
3 Month23.02%
6 Month22.19%
12 Month38.31%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.88
ATR(20)%2.45%
ATR Inc
Range Today0.69
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 High74.58
10 Day Low67.64
20 Day High74.58
20 Day Low67.6
52 Week High74.58
52 Week Low44.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume188.24K
Volume Incr-21.2%
Vol(5)295.30K
Vol(50)376.55K