IMPERIAL OIL LTD.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	IMO
ISIN:	CA4530384086

IMPERIAL OIL LTD. - 1H - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Bullish above 71.39 USD

My targets

73.88 USD (+0.87%)

76.36 USD (+4.26%)

My analysis

The strong short-term increase in IMPERIAL OIL LTD. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 71.39 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 73.88 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 76.36 USD as an objective. Crossing it would then enable buyers to target 77.23 USD. Caution, a return under 71.39 USD could jeopardize the reversal.

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

2.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

IMPERIAL OIL LTD. rating 73.24 USD. On the day, this instrument lost -1.00% with the lowest point at 72.90 USD and the highest point at 73.91 USD. The deviation from the price is +0.47% for the low point and -0.91% for the high point.

72.90

73.91

73.24

Here is a more detailed summary of the historical variations registered by IMPERIAL OIL LTD.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of IMPERIAL OIL LTD. indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67.75	69.88	71.39	73.24	73.88	76.36	77.23
Change (%)	-7.50%	-4.59%	-2.53%	-	+0.87%	+4.26%	+5.45%
Change	-5.49	-3.36	-1.85	-	+0.64	+3.12	+3.99
Level	Intermediate	Major	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.97	70.91	72.44	73.38	74.91	75.85	77.38
Camarilla	73.30	73.53	73.75	73.98	74.21	74.43	74.66
Woodie	70.28	71.06	72.75	73.53	75.22	76.00	77.69
Fibonacci	70.91	71.85	72.43	73.38	74.32	74.90	75.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.37	65.88	68.30	72.81	75.23	79.74	82.16
Camarilla	68.81	69.45	70.09	70.72	71.36	71.99	72.63
Woodie	60.33	65.36	67.26	72.29	74.19	79.22	81.12
Fibonacci	65.88	68.53	70.16	72.81	75.46	77.09	79.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.23	64.55	69.52	74.84	79.81	85.13	90.10
Camarilla	71.65	72.59	73.54	74.48	75.42	76.37	77.31
Woodie	59.05	64.46	69.34	74.75	79.63	85.04	89.92
Fibonacci	64.55	68.48	70.91	74.84	78.77	81.20	85.13

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):	55.25
MACD (12,26,9):	0.3800
Directional Movement:	-0.07
AROON (14):	50.00
DEMA (21):	73.37
Parabolic SAR (0,02-0,02-0,2):	74.18
Elder Ray (13):	0
Super Trend (3,10):	72.20
Zig ZAG (10):	73.26
VORTEX (21):	1.2000
Stochastique (14,3,5):	60.20
TEMA (21):	73.89
Williams %R (14):	-42.11
Chande Momentum Oscillator (20):	0.82
Repulse (5,40,3):	-0.0500
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	5.41

MA7:	72.31
MA20:	74.65
MA50:	72.68
MA100:	71.89
MAexp7:	73.33
MAexp20:	72.93
MAexp50:	72.94
MAexp100:	73.56
Price / MA7:	+1.29%
Price / MA20:	-1.89%
Price / MA50:	+0.77%
Price / MA100:	+1.88%
Price / MAexp7:	-0.12%
Price / MAexp20:	+0.43%
Price / MAexp50:	+0.41%
Price / MAexp100:	-0.44%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The last news published on IMPERIAL OIL LTD. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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