IMPERIAL OIL LTD. - Daily - Technical analysis published on 06/05/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 67.39 USD
My targets
62.37 USD (-4.03%)
59.77 USD (-8.03%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IMPERIAL OIL LTD. as long as the price remains well below 67.39 USD. The sellers' bearish objective is set at 62.37 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 59.77 USD. In case of crossing, the next objective would be the support located at 57.73 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IMPERIAL OIL LTD. rating 64.99 USD. On the day, this instrument lost -0.22% with the lowest point at 64.95 USD and the highest point at 65.83 USD. The deviation from the price is +0.06% for the low point and -1.28% for the high point.64.95
65.83
64.99
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IMPERIAL OIL LTD.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IMPERIAL OIL LTD. in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 57.73 | 59.77 | 62.37 | 64.99 | 67.39 | 70.74 | 73.88 |
| Change (%) | -11.17% | -8.03% | -4.03% | - | +3.69% | +8.85% | +13.68% |
| Change | -7.26 | -5.22 | -2.62 | - | +2.40 | +5.75 | +8.89 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.59 | 62.74 | 63.93 | 65.08 | 66.27 | 67.42 | 68.61 |
| Camarilla | 64.49 | 64.70 | 64.92 | 65.13 | 65.35 | 65.56 | 65.77 |
| Woodie | 61.62 | 62.75 | 63.96 | 65.09 | 66.30 | 67.43 | 68.64 |
| Fibonacci | 62.74 | 63.63 | 64.18 | 65.08 | 65.97 | 66.52 | 67.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.62 | 67.62 | 69.06 | 70.06 | 71.50 | 72.50 | 73.94 |
| Camarilla | 69.83 | 70.05 | 70.28 | 70.50 | 70.72 | 70.95 | 71.17 |
| Woodie | 66.84 | 67.73 | 69.28 | 70.17 | 71.72 | 72.61 | 74.16 |
| Fibonacci | 67.62 | 68.55 | 69.13 | 70.06 | 70.99 | 71.57 | 72.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.59 | 65.19 | 67.85 | 69.45 | 72.11 | 73.71 | 76.37 |
| Camarilla | 69.33 | 69.72 | 70.11 | 70.50 | 70.89 | 71.28 | 71.67 |
| Woodie | 64.11 | 65.46 | 68.37 | 69.72 | 72.63 | 73.98 | 76.89 |
| Fibonacci | 65.19 | 66.82 | 67.83 | 69.45 | 71.08 | 72.09 | 73.71 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.42 | |
| MACD (12,26,9): | -0.6900 | |
| Directional Movement: | -18.45 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 67.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.68 | |
| Elder Ray (13): | -2.60 | |
| Super Trend (3,10): | 70.79 | |
| Zig ZAG (10): | 65.00 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.09 | |
| TEMA (21): | 66.84 | |
| Williams %R (14): | -84.06 | |
| Chande Momentum Oscillator (20): | -5.01 | |
| Repulse (5,40,3): | -4.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 5.40 |
| MA7: | 68.04 | |
| MA20: | 68.86 | |
| MA50: | 69.67 | |
| MA100: | 65.34 | |
| MAexp7: | 67.19 | |
| MAexp20: | 68.43 | |
| MAexp50: | 68.22 | |
| MAexp100: | 65.92 | |
| Price / MA7: | -4.48% | |
| Price / MA20: | -5.62% | |
| Price / MA50: | -6.72% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | -3.27% | |
| Price / MAexp20: | -5.03% | |
| Price / MAexp50: | -4.73% | |
| Price / MAexp100: | -1.41% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The last news published on IMPERIAL OIL LTD. at the time of the generation of this analysis was 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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