IMRX Technical Analysis - IMMUNEERING CORP - CLASS A

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to IMRX. In the last year, IMRX was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month IMRX has a been trading in the 5.81 - 10.08 range, which is quite wide. It is currently trading near the lows of this range.

IMRX is part of the Biotechnology industry. There are 536 other stocks in this industry. IMRX outperforms 94% of them.

IMRX has an average volume of 2020040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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

Looking at the yearly performance, IMRX did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

IMRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IMRX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IMMUNEERING CORP - CLASS A / IMRX Weekly stock chart

IMMUNEERING CORP - CLASS A / IMRX Daily stock chart

Setup Rating and Analysis

IMRX has an average technical rating and also the quality of the setup is 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

4.28

6.02

We found 3 important support areas.

A support zone ranging from 5.95 to 5.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.87 from a trend line in the weekly time frame.
Support @4.32 from a trend 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 IMRX is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for IMRX is down.
ChartMill Relative Strength	96.41	POSITIVE	IMRX has a high relative strength, it outperformed 96.41% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of IMRX is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of IMRX is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IMRX is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.96	NEUTRAL	The RSI value for IMRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.24	NEGATIVE	The MACD value suggests IMRX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.23	OVERSOLD	The low Stochastics value suggests IMRX may be oversold.
Average True Range in percent/ATR (20)	13.8	HIGH VOLATILITY	The high ATR as a percentage value for IMRX suggests high volalility.
Average Directional Index/ADX (14)	23.37	NEUTRAL	The ADX value for IMRX suggests a possible start of a new trend.