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Takip Edin: @UscMarketsIMO Stock Forecast & Imperial Oil Limited Chart Analysis
This article provides a detailed analysis of IMO-Imperial Oil Limited stock including a forecast for IMO shares. It features Imperial Oil Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
IMO Historical Data Review
IMO Current Price Performance Analysis
The Imperial Oil Limited - IMO stock traded on the American stock market, on 06-05-2024, closed at 65.07$ with a %-0.09 decreased compared to the previous day.
In the last month, the price of IMO changed by %-5.91 decreased in value, from 69.16 dollars on 05-06-2024 to 65.07 dollars, decreased.
Last year, the price of IMO was 48.69 dollars on 06-06-2023, and changed by %33.64 increased in value, to 65.07 dollars increased within a year.
The price of Imperial Oil Limited stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
IMO with AI Stock Forecast & Price Target
On the IMO chart Imperial Oil Limited price was recorded as 65.07 Dollars on 06/05/2024.
The artificial intelligence's forecast on IMO stock is as follows.
The artificial intelligence's prediction error margin for IMO stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Imperial Oil Limited stock over the next 4 months is: 64.2 Dollars.
The commentary on IMO stock Target Price: Highest: 72.624 Dollars is predicted.
The commentary on IMO stock Target Price: Lowest: 57.389 Dollars is predicted.
Resistance Price where Imperial Oil Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-10-2024 | 62.175 |
| 09-23-2024 | 65.484 |
| 01-16-2025 | 66.219 |
| 03-07-2025 | 71.800 |
Support Price where Imperial Oil Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 61.863 |
| 08-14-2024 | 58.243 |
| 10-28-2024 | 57.389 |
| 01-21-2025 | 66.196 |
| 03-27-2025 | 71.177 |
The commentary on IMO stock: The target price can generally be said to be on the rise.
The commentary on IMO stock: Fluctuations in the target price can be expected in the coming days.
The target price for Imperial Oil Limited stock by the end of 2024 is predicted to be 64.611 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on IMO stock, and the 2024 target price predictions for Imperial Oil Limited are detailed above.
The technical analysis and charts for the commentary on IMO stock are below.
IMO Support & Resistance and Trend Analysis
IMO stock you have reviewed the technical analysis support resistance charts regarding.
IMO : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the IMO review, the Imperial Oil Limited support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Imperial Oil Limited Support and Resistance Prices:
| IMO Support Level Price | IMO Resistance Level Price |
|---|---|
| 52.98 | 58.60 |
| 52.99 | 60.07 |
| 53.52 | 60.86 |
| 54.58 | 61.44 |
| 55.76 | 70.78 |
| 55.82 | 71.06 |
| 63.88 | 71.47 |
| 66.10 | 74.58 |
| 66.80 |
IMO Technical Analysis: SMA, RSI, MACD
Upon reviewing the IMO chart, buy and sell signals have been generated in the Imperial Oil Limited technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for IMO stock are as follows:- The technical analysis for Imperial Oil Limited indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Imperial Oil Limited stock: Click here to read more predictions on Diamondback Energy stock.
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