IMMURON LTD-SPON ADR (IMRN) Stock Technical Analysis
NASDAQ:IMRN - Nasdaq - US45254U1016 - ADR - Currency: USD
We assign a technical rating of 1 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than IMRN.
IMRN is one of the lesser performing stocks in the Biotechnology industry. 65% of 551 stocks in the same industry do better.
IMRN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
IMRN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.58
1.95
When analyzing the support we can see 2 important areas.
- Support @1.64 from a horizontal line in the weekly time frame.
- Support @1.60 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.84 from a trend line in the daily time frame.
- A resistance zone ranging from 1.88 to 1.93. 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 | DOWN | NEGATIVE | The long term trend for IMRN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMRN is down. |
| ChartMill Relative Strength | 9.09 | NEGATIVE | IMRN has a low relative strength, it was outperformed by 90.91% 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) | UP | MIXED | The current price of IMRN is below 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) | 44.84 | NEUTRAL | The RSI value for IMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.53 | OVERSOLD | The low Stochastics value suggests IMRN may be oversold. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for IMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for IMRN 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)
NASDAQ:IMRN (8/5/2025, 9:33:56 AM)
1.7
+0.02 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.19%
1 Week0.6%
2 Weeks0%
1 Month-2.89%
3 Month-12.04%
6 Month-14.29%
12 Month-33.47%
2 Year-9.68%
3 Year-34.64%
5 Year-20.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.15%
ATR Inc-37.41%
Range Today0
ADR(20)0.1
ADR(20)%5.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.09
Mansfield-2.22
10 Day High1.8
10 Day Low1.57
20 Day High1.95
20 Day Low1.57
52 Week High2.87
52 Week Low1.5
CS1 End1.64
CR1 Start1.74
Volume & EV
DER(3)-4.58%
DER(5)-0.65%
Volume30
Volume Incr-90.87%
Vol(5)60.42K
Vol(50)294.26K