IMPERIAL OIL LTD (IMO) Stock Technical Analysis
USA - NYSEARCA:IMO - CA4530384086 - Common Stock
90.04 USD
+0.82 (+0.92%)
90.04 USD
0 (0%)
Taking everything into account, IMO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IMO is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
IMO is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. IMO outperforms 82% of them.
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.
Looking at the yearly performance, IMO did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month IMO has a been trading in the 86.64 - 96.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, IMO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 89.21, a Stop Loss order could be placed below this zone.
More info and screens
60.52
96.11
When analyzing the support we can see 4 important areas.
- A support zone ranging from 85.61 to 89.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.92 to 82.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @65.24 from a trend line in the weekly time frame.
- A support zone ranging from 61.13 to 61.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 91.79 to 93.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 73.04 | POSITIVE | IMO has a high relative strength, it outperformed 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IMO is below 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) | 44.6 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests IMO has a negative trend. |
| Stochastics (14,3) | 14.7 | OVERSOLD | The low Stochastics value suggests IMO may be oversold. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.63 | 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 92.08 | 88.93 | 3.15 (3.42%) | 25.00% |
| An entry @92.08. This is a Buy Stop order right above the 10 day moving average. | An exit @88.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.15 points, which is 3.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
90.04
+0.82 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.92%
1 Week-4.44%
2 Weeks-5.04%
1 Month2%
3 Month9.57%
6 Month40.57%
12 Month15.66%
2 Year56.55%
3 Year63.77%
5 Year569.32%
10 Year168.33%
15 Year130.07%
Volatility
ATR(14)2.01
ATR(20)%2.21%
ATR Inc-0.21%
Range Today1.55
ADR(20)1.83
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.04
Mansfield0.69
10 Day High94.8
10 Day Low88.94
20 Day High96.09
20 Day Low86.65
52 Week High96.09
52 Week Low58.76
CS1 End89.21
CR1 Start91.79
Volume & EV
DER(3)-3.07%
DER(5)-1.99%
Volume309.76K
Volume Incr-3.19%
Vol(5)393.14K
Vol(50)383.28K