Imperial Oil Ltd (IMO): Price Now Near $27.51; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for IMO

At the time of this writing, IMO (Get Ratings)’s price is down $-0.19 (-0.69%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

IMO ranks 55th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

IMO’s Technical Outlook on the Daily Chart

At the time of this writing, IMO’s price is up $0.4 (1.48%) from the day prior. IMO has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Imperial Oil Ltd’s price action over the past 90 days can be seen via the chart below.

IMO

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IMO: Daily RSI Analysis

  • For IMO, its RSI is now at 89.2308.
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