IMAX finds buyers again around 19.27


Imax Corporation (IMAX) Technical Analysis Report for Jan 11, 2019 | by Techniquant Editorial Team

Highlights

IMAX finds buyers again around 19.27
IMAX closes within previous day's range after lackluster session

Overview

IMAX finished the week 0.88% higher at 19.48 after edging lower $0.02 (-0.1%) today on low volume, slightly underperforming the S&P 500 (-0.01%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily Candlestick Chart (IMAX as at Jan 11, 2019):

Daily technical analysis candlestick chart for Imax Corporation (IMAX) as at Jan 11, 2019

Friday's trading range has been $0.35 (1.81%), that's far below the last trading month's daily average range of $0.61. Weekly volatility is also lower, being below the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for IMAX.

Prices are trading close to the key technical support level at 19.08 (S1). After having been unable to move lower than 19.31 in the prior session, the stock found buyers again around the same price level today at 19.27. The last time this happened on January 3rd, IMAX gained 3.93% on the following trading day.

While Imax is experiencing a short-term uptrend, this could just be a correction, as both the medium and long-term trends are still bearish.


Market Conditions for IMAX as at Jan 11, 2019

Loading Market Conditions for IMAX (Imax Corporation)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Imax Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!