IMPERIAL OIL LTD (IMO) Stock Technical Analysis
USA - NYSEARCA:IMO - CA4530384086 - Common Stock
89.86 USD
+1.65 (+1.87%)
88.2105 USD
-1.65 (-1.84%)
Overall IMO gets a technical rating of 6 out of 10. In the last year, IMO was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that IMO is one of the better performing stocks in the market, outperforming 76% of all stocks.
IMO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 75% of 210 stocks in the same industry.
IMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMO is lagging the market slightly.
In the last month IMO has a been trading in the 84.37 - 94.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
96.11
When analyzing the support we can see 4 important areas.
- A support zone ranging from 86.90 to 88.61. 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 | 76.88 | POSITIVE | IMO has a high relative strength, it outperformed 76.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IMO is above 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) | 51.47 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests IMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.75 | NEUTRAL | The Stochastics value for IMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for IMO suggests a possible start of a new trend. |
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)
89.86
+1.65 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.87%
1 Week-1.65%
2 Weeks4.15%
1 Month-1.31%
3 Month5.33%
6 Month26.26%
12 Month22.66%
2 Year59.5%
3 Year57.51%
5 Year417.93%
10 Year177.09%
15 Year147.41%
Volatility
ATR(14)2.27
ATR(20)%2.46%
ATR Inc71.16%
Range Today2.47
ADR(20)2.14
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.88
3 months CRS62.83
6 months CRS78.53
Mansfield0.52
10 Day High94.24
10 Day Low85.11
20 Day High94.24
20 Day Low84.37
52 Week High96.09
52 Week Low58.76
CS1 End88.61
CR1 Start93.26
Volume & EV
DER(3)-0.57%
DER(5)-0.74%
Volume562.10K
Volume Incr40.04%
Vol(5)629.44K
Vol(50)432.36K
IMPERIAL OIL LTD / IMO FAQ
Can you provide the ChartMill technical rating for IMPERIAL OIL LTD?
ChartMill assigns a technical rating of 6 / 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 51.4655. 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 0.264928, indicating a bearish trend.