Taking everything into account, IMVT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, IMVT has proven to be a steady performer, scoring decent points in every aspect analyzed.
IMVT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.58, a Stop Loss order could be placed below this zone.
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14.61
4 important support areas can be observed.
- A support zone ranging from 22.58 to 22.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.51 from a trend line in the daily time frame.
- Support @15.19 from a trend line in the weekly time frame.
- Support @14.76 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @24.11 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.68 to 24.82. 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 | UP | POSITIVE | The long term trend for IMVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IMVT is up. |
| ChartMill Relative Strength | 84.92 | POSITIVE | IMVT has a high relative strength, it outperformed 84.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IMVT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IMVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.51 | NEUTRAL | The RSI value for IMVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests IMVT has a negative trend. |
| Stochastics (14,3) | 38.28 | NEUTRAL | The Stochastics value for IMVT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for IMVT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.23 | POSITIVE | The high ADX value value for IMVT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.12 | 22.57 | 1.55 (6.43%) | 15.56% |
| An entry @24.12. This is a Buy Stop order right above the resistance zone. | An exit @22.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.55 points, which is 6.43%. | When investing 15.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of IMVT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.59
-0.2 (-0.88%)
IMMUNOVANT INC / IMVT FAQ
Can you provide the ChartMill technical rating for IMMUNOVANT INC?
ChartMill assigns a technical rating of 9 / 10 to IMVT.
What is the trend direction for IMVT stock?
The current trend direction for IMMUNOVANT INC (IMVT) is Bullish.
What is the RSI signal for IMVT stock?
IMMUNOVANT INC (IMVT) has an RSI value of 54.5143. This indicates that the stock is currently neutral.
What is the MACD signal for IMVT stock?
The MACD indicator for IMMUNOVANT INC (IMVT) has a value of -0.323725, indicating a bearish trend.
What is the short term momentum for IMMUNOVANT INC (IMVT) stock?
The short term momentum for IMMUNOVANT INC (IMVT) is positive.