IMRA Technical Analysis - BITWISE MARA INCOME STRAT

Technical Rating and Analysis

Overall IMRA gets a technical rating of 1 out of 10. In the last year, IMRA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, IMRA is a bad performer in the overall market: 100% of all stocks are doing better.

IMRA is one of the lesser performing stocks in the Pharmaceuticals industry. 92% of 195 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: IMRA has an average volume of 8866 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

In the last month IMRA has a been trading in the 34.23 - 39.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BITWISE MARA INCOME STRAT / IMRA Weekly stock chart

BITWISE MARA INCOME STRAT / IMRA Daily stock chart

Setup Rating and Analysis

IMRA has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.94

52.06

When analyzing the support we notice one important area.

A support zone ranging from 35.29 to 35.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 37.97 to 37.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @44.12 from a trend line in the weekly time frame.
Resistance @45.01 from a trend line in the daily time frame.
Resistance @51.54 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 IMRA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IMRA is down.
ChartMill Relative Strength	0	NEGATIVE	IMRA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of IMRA is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of IMRA is below a declining SMA(50).
Relative Strength Index/RSI (14)	48.11	NEUTRAL	The RSI value for IMRA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.44	POSITIVE	The MACD value suggests IMRA has a positive trend.
Stochastics (14,3)	73.61	NEUTRAL	The Stochastics value for IMRA is a neutral value.
Average True Range in percent/ATR (20)	3.47	MEDIUM VOLATILITY	The ATR as a percentage value for IMRA suggests some volalility.
Average Directional Index/ADX (14)	34.77	POSITIVE	The high ADX value value for IMRA suggests a strong trend.