IMPERIAL OIL LTD (IMO) Stock Technical Analysis
NYSEARCA:IMO - NYSE Arca - CA4530384086 - Common Stock - Currency: USD
Taking everything into account, IMO scores 8 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 long and short term trends are both positive. This is looking good!
IMO is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. IMO outperforms 78% of them.
IMO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, IMO outperforms 62% of them, which is more or less in line with the market.
IMO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IMO is lagging the market slightly.
IMO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 71.21, a Stop Loss order could be placed below this zone.
More info and screens
60.52
80.00
3 important support areas can be observed.
- A support zone ranging from 71.19 to 71.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @63.33 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 3 important areas.
- A resistance zone ranging from 71.57 to 71.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 73.15 to 73.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 78.31 to 79.21. 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 | 62.39 | NEUTRAL | IMO is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of IMO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.26 | NEUTRAL | The RSI value for IMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests IMO has a negative trend. |
| Stochastics (14,3) | 47.14 | NEUTRAL | The Stochastics value for IMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for IMO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.44 | 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 |
|---|---|---|---|
| 71.87 | 71.18 | 0.69 (0.96%) | 25.00% |
| An entry @71.87. This is a Buy Stop order right above the resistance zone. | An exit @71.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.69 points, which is 0.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The distance between exit and entry is rather small compared to the average daily movement of IMO. Please evaluate whether better entry and exit points can be found.
- 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.
71.35
-0.47 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.65%
1 Week0.2%
2 Weeks-1.35%
1 Month4.82%
3 Month5.17%
6 Month-3.48%
12 Month1.21%
2 Year57.05%
3 Year28.67%
5 Year356.79%
10 Year81.97%
15 Year86.83%
Volatility
ATR(14)1.4
ATR(20)%2.2%
ATR Inc-43.77%
Range Today0.81
ADR(20)1.43
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.39
Mansfield-0.1
10 Day High73.03
10 Day Low70.29
20 Day High73.9
20 Day Low66.62
52 Week High80.17
52 Week Low58.76
CS1 End71.21
CR1 Start71.57
Volume & EV
DER(3)-1.44%
DER(5)-0.89%
Volume375.80K
Volume Incr-7.51%
Vol(5)325.64K
Vol(50)435.13K