IMPERIAL OIL LTD. - 1H - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 56.23 USD
My targets
59.11 USD (+2.32%)
60.23 USD (+4.26%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on IMPERIAL OIL LTD.. This is a positive signal for buyers. As long as the price remains above 56.23 USD, a purchase could be considered. The first bullish objective is located at 59.11 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 60.23 USD as an objective. Crossing it would then enable buyers to target 62.37 USD. In the event of a return below 56.23 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IMPERIAL OIL LTD. price is 57.77 USD. The price has increased by +4.07% since the last closing with the lowest point at 56.09 USD and the highest point at 57.77 USD. The deviation from the price is +3.00% for the low point and 0% for the high point.56.09
57.77
57.77
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IMPERIAL OIL LTD. in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.68 | 55.45 | 56.23 | 57.77 | 57.86 | 59.11 | 60.23 |
| Change (%) | -5.35% | -4.02% | -2.67% | - | +0.16% | +2.32% | +4.26% |
| Change | -3.09 | -2.32 | -1.54 | - | +0.09 | +1.34 | +2.46 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.24 | 53.93 | 54.72 | 55.41 | 56.20 | 56.89 | 57.68 |
| Camarilla | 55.10 | 55.24 | 55.37 | 55.51 | 55.65 | 55.78 | 55.92 |
| Woodie | 53.29 | 53.96 | 54.77 | 55.44 | 56.25 | 56.92 | 57.73 |
| Fibonacci | 53.93 | 54.50 | 54.85 | 55.41 | 55.98 | 56.33 | 56.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.04 | 51.28 | 53.65 | 55.89 | 58.26 | 60.50 | 62.87 |
| Camarilla | 54.75 | 55.18 | 55.60 | 56.02 | 56.44 | 56.87 | 57.29 |
| Woodie | 49.11 | 51.31 | 53.72 | 55.92 | 58.33 | 60.53 | 62.94 |
| Fibonacci | 51.28 | 53.04 | 54.13 | 55.89 | 57.65 | 58.74 | 60.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.75 | 52.47 | 54.73 | 58.45 | 60.71 | 64.43 | 66.69 |
| Camarilla | 55.35 | 55.89 | 56.44 | 56.99 | 57.54 | 58.09 | 58.64 |
| Woodie | 48.02 | 52.11 | 54.00 | 58.09 | 59.98 | 64.07 | 65.96 |
| Fibonacci | 52.47 | 54.75 | 56.17 | 58.45 | 60.73 | 62.15 | 64.43 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.39 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 15.31 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 56.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.15 | |
| Elder Ray (13): | 0.95 | |
| Super Trend (3,10): | 56.26 | |
| Zig ZAG (10): | 57.69 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 98.36 | |
| TEMA (21): | 56.98 | |
| Williams %R (14): | -1.29 | |
| Chande Momentum Oscillator (20): | 1.30 | |
| Repulse (5,40,3): | 1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.71 |
| MA7: | 56.31 | |
| MA20: | 57.13 | |
| MA50: | 58.61 | |
| MA100: | 55.93 | |
| MAexp7: | 57.02 | |
| MAexp20: | 56.54 | |
| MAexp50: | 56.44 | |
| MAexp100: | 56.82 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | +1.12% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | +3.29% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +2.18% | |
| Price / MAexp50: | +2.36% | |
| Price / MAexp100: | +1.67% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on IMPERIAL OIL LTD. at the time of the analysis were as follows:
- Thinking about trading options or stock in Alibaba, Hologic, Imperial Oil, Wynn Resorts, or BioNTech?
- Imperial declares fourth quarter 2022 dividend
- Imperial declares second quarter 2021 dividend
- Imperial declares third quarter 2020 dividend
- Imperial announces second quarter 2020 financial and operating results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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