Imperial Oil Limited (USA) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Imperial Oil Limited (USA)
(Updated on Apr 18, 2024)
The Imperial Oil Limited (USA) stock price fell by -1.08% on the last day (Thursday, 18th Apr 2024) from $69.25 to $68.50. During the last trading day the stock fluctuated 2.63% from a day low at $68.05 to a day high of $69.84. The price has fallen in 6 of the last 10 days and is down by -4.83% for this period. Volume has increased on the last day by 114 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 279 thousand shares were bought and sold for approximately $19.12 million.
Given the current short-term trend, the stock is expected to rise 31.59% during the next 3 months and, with a 90% probability hold a price between $90.14 and $99.53 at the end of this 3-month period.
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IMO Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -7.28%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Imperial Oil Limited (USA) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $70.14. On a fall, the stock will find some support from the long-term average at approximately $68.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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 $58.89 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 $58.89. 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 $1.79 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: $65.05 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (IMO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Imperial Oil Limited (USA) to open at $68.80, and during the day (based on 14 day Average True Range), to move between $66.87 and $70.13, which gives a possible trading interval of +/-$1.63 (+/-2.38%) 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 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $71.21 (3.96%) than the support at $58.89 (14.03%), 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.
Earnings coming up
Imperial Oil Limited (USA) will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.52. We will update the financials statements for Imperial Oil Limited (USA), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.72% in the first trading day after earnings release.
Is Imperial Oil Limited (USA) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.909 Buy Candidate Unchanged
Predicted Opening Price for Imperial Oil Limited (USA) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $68.80 ( 0.433%) | $68.50 |
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 | 70.59 | 3.05 % | |
| R2 | 69.90 | 2.05 % | ||
| R1 | 69.48 | 1.43 % | ||
| Current price: | 68.50 | |||
| Support | S1 | 68.11 | -0.565 % | |
| S2 | 67.69 | -1.18 % | ||
| S3 | 67.01 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.88 | 7.85 % | |
| R2 | 72.92 | 6.45 % | ||
| R1 | 71.21 | 3.96 % | ||
| Current price | 68.50 | |||
| Support | S1 | 58.89 | -14.03% | |
| S2 | 55.51 | -18.96% | ||
| S3 | 55.22 | -19.39% |
IMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.448 | 0.641% |
| 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
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