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IAMGOLD CORP (IMG.CA) Stock Technical Analysis

TSX:IMG - Toronto Stock Exchange - CA4509131088 - Common Stock

8.09  +0.25 (+3.19%)

Technical Rating and Analysis

10

Taking everything into account, IMG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IMG is showing a nice and steady performance.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, IMG did better than 94% of all other stocks. On top of that, IMG also shows a nice and consistent pattern of rising prices.
IMG is one of the better performing stocks in the Metals & Mining industry, it outperforms 92% of 825 stocks in the same industry.
IMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMG is lagging the market slightly.
IMG has an average volume of 1490730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IMG has a been trading in the 7.19 - 8.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
IMG Weekly chart
IMG Daily chart
Setup Rating and Analysis

10

IMG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 7.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

4.84

8.62

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 7.58 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @7.45 from a horizontal line in the weekly time frame.
  • Support @7.26 from a horizontal line in the daily time frame.
  • Support @5.24 from a trend line in the daily time frame.
  • Support @4.89 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • Resistance @8.24 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 8.52 to 8.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.63
Mansfield2.55
10 Day High8.43
10 Day Low7.49
20 Day High8.43
20 Day Low7.19
52 Week High8.8
52 Week Low3.06
Performance
1 Week-1.1%
2 Weeks1.63%
1 Month6.45%
3 Month-1.7%
6 Month46.56%
12 Month158.47%
2 Year116.31%
3 Year160.97%
5 Year104.81%
10 Year137.94%
15 Year-42.58%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)55.81
LBB7.34
UBB8.43
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
8.257.570.68 (8.24%)12.13%
An entry @8.25. This is a Buy Stop order right above the resistance zone.An exit @7.57. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.68 points, which is 8.24%.When investing 12.13% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
IMG Daily chart

IAMGOLD CORP

TSX:IMG (1/17/2025, 7:00:00 PM)

8.09

+0.25 (+3.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.19%
1 Week-1.1%
2 Weeks1.63%
1 Month6.45%
3 Month-1.7%
6 Month46.56%
12 Month158.47%
2 Year116.31%
3 Year160.97%
5 Year104.81%
10 Year137.94%
15 Year-42.58%
Volatility
ATR(14)0.38
ATR(20)%4.13%
ATR Inc16.67%
Range Today0.49
ADR(20)0.3
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.63
Mansfield2.55
10 Day High8.43
10 Day Low7.49
20 Day High8.43
20 Day Low7.19
52 Week High8.8
52 Week Low3.06
CS1 End7.74
CR1 Start8.24
Volume & EV
DER(3)-0.95%
DER(5)3.42%
Volume1.91M
Volume Incr62.09%
Vol(5)2.18M
Vol(50)1.49M