IMMURON LTD-SPON ADR (IMRN) Stock Technical Analysis
NASDAQ:IMRN - Nasdaq - US45254U1016 - ADR - Currency: USD
Taking everything into account, IMRN scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IMRN was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
71% of all other stocks performed better in the past year than IMRN.
IMRN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IMRN is lagging the market.
IMRN is an average performer in the Biotechnology industry, it outperforms 66% of 557 stocks in the same industry.
In the last month IMRN has a been trading in the 1.57 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, IMRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.63
2.06
We found 3 important support areas.
- A support zone ranging from 1.74 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.85 from a trend line in the daily time frame.
- A resistance zone ranging from 1.92 to 1.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.99 from a horizontal line in the daily time frame.
- Resistance @2.04 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 | DOWN | NEGATIVE | The long term trend for IMRN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMRN is neutral. |
| ChartMill Relative Strength | 29.87 | NEGATIVE | IMRN has a low relative strength, it was outperformed by 70.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IMRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.7 | NEUTRAL | The RSI value for IMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IMRN has a positive trend. |
| Stochastics (14,3) | 41.35 | NEUTRAL | The Stochastics value for IMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for IMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.19 | NEGATIVE | The low ADX value for IMRN suggests a weak or negative 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)
1.84
+0.12 (+6.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.98%
1 Week5.14%
2 Weeks8.24%
1 Month11.52%
3 Month3.37%
6 Month-6.12%
12 Month-13.21%
2 Year-8.91%
3 Year-14.02%
5 Year1.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.6%
ATR Inc-15.44%
Range Today0.1
ADR(20)0.14
ADR(20)%7.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.87
Mansfield-1.49
10 Day High1.85
10 Day Low1.68
20 Day High1.95
20 Day Low1.57
52 Week High2.87
52 Week Low1.5
CS1 End1.75
CR1 Start1.85
Volume & EV
DER(3)-7.08%
DER(5)-5%
Volume48.00K
Volume Incr-69.79%
Vol(5)15.80K
Vol(50)30.99K