RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IMO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Imperial Oil Limited (USA) stock price ended at $68.65 on Wednesday, after gaining 0.0729%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 05, 2024 Gain 8.54% PDF

The Imperial Oil Limited (USA) stock price gained 0.0729% on the last trading day (Wednesday, 27th Mar 2024), rising from $68.60 to $68.65. During the last trading day the stock fluctuated 1.35% from a day low at $67.93 to a day high of $68.85. The price has risen in 6 of the last 10 days and is up by 2.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 81 thousand more shares were traded than the day before. In total, 310 thousand shares were bought and sold for approximately $21.26 million.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $69.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.32% during the next 3 months and, with a 90% probability hold a price between $78.12 and $84.92 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

IMO Signals & Forecast

The Imperial Oil Limited (USA) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $67.99 and $63.56. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.522%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Imperial Oil Limited (USA) stock

On the downside, the stock finds support just below today's level from accumulated volume at $59.78 and $55.51. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Imperial Oil Limited (USA) finds support just below today's level at $59.78. If this is broken, then the next support from accumulated volume will be at $55.51 and $55.22.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.92 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 1.60%.

The Imperial Oil Limited (USA) stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $66.16 (-3.63%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IMO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Imperial Oil Limited (USA) to open at $68.48, and during the day (based on 14 day Average True Range), to move between $67.45 and $69.85, which gives a possible trading interval of +/-$1.20 (+/-1.75%) up or down from last closing price. If Imperial Oil Limited (USA) takes out the full calculated possible swing range there will be an estimated 3.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $69.01 (0.52%) than the support at $59.78 (12.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Imperial Oil Limited (USA) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Imperial Oil Limited (USA) stock to perform well in the short-term.

Current score: 3.430 Buy Candidate Unchanged

Predicted Opening Price for Imperial Oil Limited (USA) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$68.48 ( 0.252%) $68.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 69.40 1.09 %
R2 69.05 0.576 %
R1 68.83 0.259 %
Current price: 68.65
Support S1 68.13 -0.764 %
S2 67.91 -1.08 %
S3 67.56 -1.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 69.01 0.524 %
Current price 68.65
Support S1 59.78 -12.92%
S2 55.51 -19.14%
S3 55.22 -19.56%

IMO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Mar 01, 2024 Apr 01, 2024 $0.448 0.652%
2 Oct 27, 2023 Nov 30, 2023 Jan 01, 2024 $0.360 0.629%
3 Jun 01, 2023 Jun 01, 2023 Oct 01, 2023 $0.368 0.597%
4 Mar 02, 2023 Mar 02, 2023 Apr 01, 2023 $0.324 0.638%
5 Oct 28, 2022 Dec 01, 2022 Jan 01, 2023 $0.328 0.673%

FAQ

What is the symbol for Imperial Oil Limited (USA) Stock and on which exchange is it traded?
The symbol for Imperial Oil Limited (USA) is IMO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Imperial Oil Limited (USA) Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Imperial Oil Limited (USA) stock to perform well in the short-term.

How to buy Imperial Oil Limited (USA) Stock?
Imperial Oil Limited (USA) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Imperial Oil Limited (USA) Stock.

What's the current price of Imperial Oil Limited (USA) Stock?
As of the end of day on the 2024-03-27, the price of an Imperial Oil Limited (USA) (IMO) share was $68.65.

What is the 52-week high and low for Imperial Oil Limited (USA) Stock?
The 52-week high for Imperial Oil Limited (USA) Stock is $69.46 and the 52-week low is $44.46.

What is the market capitalization of Imperial Oil Limited (USA) Stock?
As of the 2024-03-27, the market capitalization of Imperial Oil Limited (USA) is 36.785B.

When is the next earnings date for Imperial Oil Limited (USA)?
The upcoming earnings date for Imperial Oil Limited (USA) is Apr 26, 2024.
Click to get the best stock tips daily for free!

About Imperial Oil Limited (USA)

Imperial Oil Limited (USA) Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the tran... IMO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT