IMPERIAL OIL LTD (IMO) Stock Technical Analysis
NYSEARCA:IMO • CA4530384086
Overall IMO gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IMO did better than 91% of all other stocks. On top of that, IMO also shows a nice and consistent pattern of rising prices.
- IMO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 206 stocks in the same industry.
- IMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month IMO has a been trading in the 98.36 - 123.52 range, which is quite wide. It is currently trading near the high of this range.
IMO has an excellent technical rating, but the quality of the setup is only medium 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
81.10
We found 4 important support areas.
- Support @89.50 from a trend line in the weekly time frame.
- Support @87.34 from a trend line in the daily time frame.
- Support @84.68 from a horizontal line in the daily time frame.
- Support @81.92 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 120.70 to 122.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for IMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMO is up. |
| ChartMill Relative Strength | 91.27 | POSITIVE | IMO has a high relative strength, it outperformed 91.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.64 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests IMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.4 | OVERBOUGHT | The high Stochastics value suggests IMO may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 47.97 | POSITIVE | The high ADX value value for IMO suggests a strong trend. |
120.69
-1.86 (-1.52%)
IMPERIAL OIL LTD / IMO FAQ
Can you provide the ChartMill technical rating for IMPERIAL OIL LTD?
ChartMill assigns a technical rating of 10 / 10 to IMO.
Can you provide the trend direction for IMPERIAL OIL LTD?
The current trend direction for IMPERIAL OIL LTD (IMO) is Bullish.
Can you provide the RSI signal for IMPERIAL OIL LTD?
IMPERIAL OIL LTD (IMO) has an RSI value of 68.6353. This indicates that the stock is currently neutral.
What is the MACD signal for IMPERIAL OIL LTD (IMO) stock?
The MACD indicator for IMPERIAL OIL LTD (IMO) has a value of 0.59206, indicating a bearish trend.
Can you provide the support and resistance levels for IMPERIAL OIL LTD?
IMPERIAL OIL LTD (IMO) has a support level at 89.5 and a resistance level at 120.7. Check the full technical report for our detailed analysis of IMO support and resistance levels.