IMPERIAL OIL LTD (IMO) Stock Technical Analysis
USA - NYSEARCA:IMO - CA4530384086 - Common Stock
We assign a technical rating of 5 out of 10 to IMO. In the last year, IMO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
IMO has an average technical rating and the quality of the presented setup is also not ideal 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
65.12
4 important support areas can be observed.
- A support zone ranging from 87.09 to 87.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.68 to 85.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.32 from a horizontal line in the daily time frame.
- Support @65.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @93.26 from a horizontal line in the weekly time frame.
- Resistance @95.16 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 | UP | POSITIVE | The long term trend for IMO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMO is neutral. |
| ChartMill Relative Strength | 76.59 | POSITIVE | IMO has a high relative strength, it outperformed 76.59% 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) | UP | MIXED | The current price of IMO is below 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) | 46.68 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests IMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.58 | NEUTRAL | The Stochastics value for IMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for IMO suggests a weak or negative trend. |
88.24
-1.62 (-1.8%)
IMPERIAL OIL LTD / IMO FAQ
Can you provide the ChartMill technical rating for IMPERIAL OIL LTD?
ChartMill assigns a technical rating of 5 / 10 to IMO.
What is the trend direction for IMO stock?
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 46.6755. 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 0.107131, indicating a bearish trend.