IMPERIAL OIL LTD. - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 70.66 USD
My targets
65.73 USD (-3.21%)
62.12 USD (-8.53%)
My analysis
The bearish trend is currently very strong for IMPERIAL OIL LTD.. As long as the price remains below the resistance at 70.66 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 65.73 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 62.12 USD as an objective. Crossing it would then enable sellers to target 53.82 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.7
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IMPERIAL OIL LTD. rating is 67.91 USD. On the day, this instrument lost -0.48% and was between 67.50 USD and 68.62 USD. This implies that the price is at +0.61% from its lowest and at -1.03% from its highest.67.50
68.62
67.91
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IMPERIAL OIL LTD. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.82 | 65.73 | 67.72 | 67.91 | 70.66 | 73.13 | 73.88 |
| Change (%) | -20.75% | -3.21% | -0.28% | - | +4.05% | +7.69% | +8.79% |
| Change | -14.09 | -2.18 | -0.19 | - | +2.75 | +5.22 | +5.97 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
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 | 59.36 | 63.63 | 65.94 | 70.21 | 72.52 | 76.79 | 79.10 |
| Camarilla | 66.43 | 67.03 | 67.64 | 68.24 | 68.84 | 69.45 | 70.05 |
| Woodie | 58.37 | 63.14 | 64.95 | 69.72 | 71.53 | 76.30 | 78.11 |
| Fibonacci | 63.63 | 66.15 | 67.70 | 70.21 | 72.73 | 74.28 | 76.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.24 | 68.45 | 69.86 | 72.07 | 73.48 | 75.69 | 77.10 |
| Camarilla | 70.29 | 70.62 | 70.95 | 71.28 | 71.61 | 71.94 | 72.28 |
| Woodie | 65.85 | 68.25 | 69.47 | 71.87 | 73.09 | 75.49 | 76.71 |
| Fibonacci | 68.45 | 69.83 | 70.68 | 72.07 | 73.45 | 74.30 | 75.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.12 | 66.00 | 69.86 | 73.74 | 77.60 | 81.48 | 85.34 |
| Camarilla | 71.59 | 72.30 | 73.01 | 73.72 | 74.43 | 75.14 | 75.85 |
| Woodie | 62.11 | 66.00 | 69.85 | 73.74 | 77.59 | 81.48 | 85.33 |
| Fibonacci | 66.00 | 68.96 | 70.78 | 73.74 | 76.70 | 78.52 | 81.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 21.26 | |
| MACD (12,26,9): | -1.0400 | |
| Directional Movement: | -32.30 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 69.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 72.67 | |
| Elder Ray (13): | -2.05 | |
| Super Trend (3,10): | 70.90 | |
| Zig ZAG (10): | 68.24 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 4.48 | |
| TEMA (21): | 69.07 | |
| Williams %R (14): | -94.98 | |
| Chande Momentum Oscillator (20): | -4.81 | |
| Repulse (5,40,3): | -2.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 9.83 |
| MA7: | 71.69 | |
| MA20: | 73.73 | |
| MA50: | 74.62 | |
| MA100: | 72.97 | |
| MAexp7: | 69.49 | |
| MAexp20: | 71.06 | |
| MAexp50: | 72.04 | |
| MAexp100: | 72.80 | |
| Price / MA7: | -5.27% | |
| Price / MA20: | -7.89% | |
| Price / MA50: | -8.99% | |
| Price / MA100: | -6.93% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -4.43% | |
| Price / MAexp50: | -5.73% | |
| Price / MAexp100: | -6.72% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on IMPERIAL OIL LTD.. At the time of publication of this analysis, the latest news 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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