Imperial Oil Limited (USA) Stock Forecast
Imperial Oil Limited (USA) stock price up 0.699% on Thursday
(Updated on Mar 28, 2024)
The Imperial Oil Limited (USA) stock price gained 0.699% on the last trading day (Thursday, 28th Mar 2024), rising from $68.65 to $69.13. During the last trading day the stock fluctuated 1.04% from a day low at $68.79 to a day high of $69.50. The price has risen in 6 of the last 10 days and is up by 2.05% 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, 27 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately $23.27 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.97% during the next 3 months and, with a 90% probability hold a price between $78.42 and $88.29 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 $68.25 and $63.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 22.59%. Further rise is indicated until a new top pivot has been found. 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. 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 $0.715 between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $66.82 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (IMO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Imperial Oil Limited (USA) to open at $69.14, and during the day (based on 14 day Average True Range), to move between $67.95 and $70.31, which gives a possible trading interval of +/-$1.18 (+/-1.71%) 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 3.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $59.78, some $9.35 (13.53%) from the current price of $69.13, our system finds the risk reward attractive.
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: 3.261 Buy Candidate Unchanged
Predicted Opening Price for Imperial Oil Limited (USA) of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$69.14 ( 0.0121%) | $69.13 |
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 | 69.85 | 1.05 % | |
R2 | 69.58 | 0.651 % | ||
R1 | 69.41 | 0.407 % | ||
Current price: | 69.13 | |||
Support | S1 | 68.87 | -0.383 % | |
S2 | 68.70 | -0.627 % | ||
S3 | 68.42 | -1.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 69.13 | |||
Support | S1 | 59.78 | -13.53% | |
S2 | 55.51 | -19.70% | ||
S3 | 55.22 | -20.12% |
IMO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.448 | 0.649% |
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
Click here for our free guide on how to buy Imperial Oil Limited (USA) Stock.