IMTX Technical Analysis - IMMATICS NV

Technical Rating and Analysis

Overall IMTX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, IMTX has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

IMTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMTX is lagging the market slightly.

In the last month IMTX has a been trading in the 5.67 - 9.42 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that IMTX is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.

IMTX is part of the Biotechnology industry. There are 536 other stocks in this industry, IMTX did better than 67% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although IMTX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.42

9.49

When analyzing the support we can see 2 important areas.

Support @6.55 from a trend line in the daily time frame.
A support zone ranging from 5.47 to 5.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 IMTX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IMTX is up.
ChartMill Relative Strength	83.77	POSITIVE	IMTX has a high relative strength, it outperformed 83.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IMTX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of IMTX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of IMTX is above the rising SMA(200).
Relative Strength Index/RSI (14)	79.2	OVERBOUGHT	The high RSI value suggests IMTX may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests IMTX has a positive trend.
Stochastics (14,3)	92.69	OVERBOUGHT	The high Stochastics value suggests IMTX may be overbought.
Average True Range in percent/ATR (20)	4.48	MEDIUM VOLATILITY	The ATR as a percentage value for IMTX suggests some volalility.
Average Directional Index/ADX (14)	43.26	POSITIVE	The high ADX value value for IMTX suggests a strong trend.