Taking everything into account, IMRN scores 0 out of 10 in our technical rating. IMRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
IMRN 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.
More info and screens
0.87
When analyzing the resistance we notice 2 important areas.
- Resistance @1.89 from a horizontal line in the daily time frame.
- Resistance @1.93 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 | DOWN | NEGATIVE | The short term trend for IMRN is down. |
| ChartMill Relative Strength | 4.64 | NEGATIVE | IMRN has a low relative strength, it was outperformed by 95.36% 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) | 19.05 | OVERSOLD | The low RSI value suggests IMRN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests IMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.47 | OVERSOLD | The low Stochastics value suggests IMRN may be oversold. |
| Average True Range in percent/ATR (20) | 12.18 | HIGH VOLATILITY | The high ATR as a percentage value for IMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 54.91 | POSITIVE | The high ADX value value for IMRN suggests a strong trend. |
0.8809
-0.03 (-3.55%)
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 19.052. This indicates that the stock is currently oversold.
What is the MACD signal for IMRN stock?
The MACD indicator for IMMURON LTD-SPON ADR (IMRN) has a value of -0.0204375, indicating a bearish trend.
What is the buy/sell signal for IMMURON LTD-SPON ADR (IMRN) stock?
The buy/sell signal for IMMURON LTD-SPON ADR (IMRN) is sell as both the short term and long term trends are negative.