Taking everything into account, IMO scores 3 out of 10 in our technical rating. Although IMO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of IMO is bad and it also does not present a quality setup 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.
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82.49
When analyzing the support we notice one important area.
- A support zone ranging from 83.32 to 84.12. 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 | NEUTRAL | NEUTRAL | The long term trend for IMO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMO is down. |
| ChartMill Relative Strength | 77.6 | POSITIVE | IMO has a high relative strength, it outperformed 77.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMO is below a declining 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) | 32.65 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests IMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.52 | OVERSOLD | The low Stochastics value suggests IMO may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.43 | POSITIVE | The high ADX value value for IMO suggests a strong trend. |
85.2
+1.08 (+1.28%)
IMPERIAL OIL LTD / IMO FAQ
Can you provide the ChartMill technical rating for IMPERIAL OIL LTD?
ChartMill assigns a technical rating of 3 / 10 to IMO.
What is the trend direction for IMO stock?
The current trend direction for IMPERIAL OIL LTD (IMO) is Bearish.
Can you provide the RSI signal for IMPERIAL OIL LTD?
IMPERIAL OIL LTD (IMO) has an RSI value of 32.6549. This indicates that the stock is currently neutral.
What is the MACD signal for IMO stock?
The MACD indicator for IMPERIAL OIL LTD (IMO) has a value of -1.13171, indicating a bearish trend.