IMVT Technical Analysis - IMMUNOVANT INC

Technical Rating and Analysis

Taking everything into account, IMVT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. IMVT was also a bad performer in the overall market in the last year.

90% of all other stocks performed better in the past year than IMVT.

IMVT is one of the lesser performing stocks in the Biotechnology industry. 61% of 541 stocks in the same industry do better.

IMVT 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 IMVT has a been trading in the 14.47 - 17.35 range, which is quite wide. It is currently trading near the high of this range.

IMVT has an average volume of 1337590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

IMMUNOVANT INC / IMVT Weekly stock chart

Setup Rating and Analysis

IMVT 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

14.54

20.99

We found 1 important support area.

A support zone ranging from 14.69 to 14.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

Resistance @16.88 from a trend line in the daily time frame.
Resistance @17.43 from a trend line in the daily time frame.
Resistance @18.13 from a horizontal line in the weekly time frame.
Resistance @18.59 from a horizontal line in the daily time frame.
Resistance @20.78 from a trend line in the weekly 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	DOWN	NEGATIVE	The long term trend for IMVT is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for IMVT is up.
ChartMill Relative Strength	10.49	NEGATIVE	IMVT has a low relative strength, it was outperformed by 89.51% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of IMVT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of IMVT is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of IMVT is below a declining SMA(200).
Relative Strength Index/RSI (14)	57.55	NEUTRAL	The RSI value for IMVT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests IMVT has a positive trend.
Stochastics (14,3)	69.33	NEUTRAL	The Stochastics value for IMVT is a neutral value.
Average True Range in percent/ATR (20)	3.97	MEDIUM VOLATILITY	The ATR as a percentage value for IMVT suggests some volalility.
Average Directional Index/ADX (14)	26	POSITIVE	The high ADX value value for IMVT suggests a strong trend.