IMMURON LTD-SPON ADR (IMRN) Stock Technical Analysis
USA - NASDAQ:IMRN - US45254U1016 - ADR
We assign a technical rating of 0 out of 10 to IMRN. IMRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of IMRN is bad and it also does not present a quality setup 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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1.64
We found 1 important resistance area.
- A resistance zone ranging from 2.15 to 2.15. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for IMRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMRN is down. |
| ChartMill Relative Strength | 28.24 | NEGATIVE | IMRN has a low relative strength, it was outperformed by 71.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMRN is below a declining 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) | 37.01 | NEUTRAL | The RSI value for IMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IMRN has a negative trend. |
| Stochastics (14,3) | 18 | OVERSOLD | The low Stochastics value suggests IMRN may be oversold. |
| Average True Range in percent/ATR (20) | 10.1 | HIGH VOLATILITY | The high ATR as a percentage value for IMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.96 | POSITIVE | The high ADX value value for IMRN suggests a strong trend. |
1.66
+0.15 (+9.93%)
IMMURON LTD-SPON ADR / IMRN FAQ
What is the technical rating for IMRN stock?
ChartMill assigns a technical rating of 0 / 10 to IMRN.
Can you provide the trend direction for IMMURON LTD-SPON ADR?
The current trend direction for IMMURON LTD-SPON ADR (IMRN) is Bearish.
Can you provide the RSI signal for IMMURON LTD-SPON ADR?
IMMURON LTD-SPON ADR (IMRN) has an RSI value of 37.0092. This indicates that the stock is currently neutral.
What is the MACD signal for IMRN stock?
The MACD indicator for IMMURON LTD-SPON ADR (IMRN) has a value of -0.0745751, indicating a bearish trend.