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. - Daily - Technical analysis published on 12/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 65.73 USD

My targets

62.12 USD (-0.11%)

53.82 USD (-13.46%)

My analysis

IMPERIAL OIL LTD. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 65.73 USD. The next support located at 62.12 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 53.82 USD. Below this support, sellers could then target 43.07 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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.

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 62.19 USD. The price registered a decrease of -0.51% on the session and was between 61.40 USD and 62.38 USD. This implies that the price is at +1.29% from its lowest and at -0.30% from its highest.

61.40

62.38

62.19

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of IMPERIAL OIL LTD. in Daily shows a overall strongly bearish trend. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	33.65	43.07	53.82	62.19	65.73	70.66	73.88
Change (%)	-45.89%	-30.74%	-13.46%	-	+5.69%	+13.62%	+18.80%
Change	-28.54	-19.12	-8.37	-	+3.54	+8.47	+11.69
Level	Intermediate	Intermediate	Major	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59.18	60.68	61.60	63.10	64.02	65.52	66.44
Camarilla	61.85	62.07	62.29	62.51	62.73	62.95	63.18
Woodie	58.88	60.54	61.30	62.96	63.72	65.38	66.14
Fibonacci	60.68	61.61	62.18	63.10	64.03	64.60	65.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.03	61.94	64.66	69.57	72.29	77.20	79.92
Camarilla	65.27	65.97	66.67	67.37	68.07	68.77	69.47
Woodie	55.93	61.39	63.56	69.02	71.19	76.65	78.82
Fibonacci	61.94	64.86	66.66	69.57	72.49	74.29	77.20

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 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):	23.68
MACD (12,26,9):	-2.7800
Directional Movement:	-34.61
AROON (14):	-42.86
DEMA (21):	65.95
Parabolic SAR (0,02-0,02-0,2):	71.76
Elder Ray (13):	-5.66
Super Trend (3,10):	67.72
Zig ZAG (10):	61.96
VORTEX (21):	0.5900
Stochastique (14,3,5):	3.65
TEMA (21):	63.76
Williams %R (14):	-95.72
Chande Momentum Oscillator (20):	-9.27
Repulse (5,40,3):	-4.0600
ROCnROLL:	2
TRIX (15,9):	-0.3200
Courbe Coppock:	22.89

MA7:	65.23
MA20:	70.51
MA50:	73.08
MA100:	72.63
MAexp7:	65.20
MAexp20:	69.08
MAexp50:	71.49
MAexp100:	71.55
Price / MA7:	-4.66%
Price / MA20:	-11.80%
Price / MA50:	-14.90%
Price / MA100:	-14.37%
Price / MAexp7:	-4.62%
Price / MAexp20:	-9.97%
Price / MAexp50:	-13.01%
Price / MAexp100:	-13.08%

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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