IMMURON LTD-SPON ADR (IMRN)

US45254U1016 - ADR

1.96  -0.04 (-1.75%)

Technical Rating and Analysis

1

Overall IMRN gets a technical rating of 1 out of 10. IMRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

77% of all other stocks performed better in the past year than IMRN.
IMRN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so IMRN is lagging the market.
In the last month IMRN has a been trading in the 1.77 - 2.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: IMRN has an average volume of 7811 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
IMRN is an average performer in the Biotechnology industry, it outperforms 59% of 568 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
IMRN Weekly chart
IMRN Daily chart
Setup Rating and Analysis

8

Although the technical rating is bad, IMRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IMRN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

1.78

2.74

We found 1 important support area.

  • A support zone ranging from 1.80 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • Resistance @2.13 from a horizontal line in the weekly time frame.
  • Resistance @2.17 from a trend line in the daily time frame.
  • A resistance zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @2.71 from a trend line 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
CRS23.19
Mansfield-2.16
10 Day High2.41
10 Day Low1.86
20 Day High2.41
20 Day Low1.77
52 Week High5.96
52 Week Low1.59
Performance
1 Week-7.78%
2 Weeks-2%
1 Month2.67%
3 Month-21.91%
6 Month-7.55%
12 Month0.51%
2 Year-5.77%
3 Year-21.6%
5 Year-34.23%
10 YearN/A
15 YearN/A
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
RSI(14)45.9
LBB1.88
UBB2.23
IMRN Daily chart

IMMURON LTD-SPON ADR

NASDAQ:IMRN (12/20/2024, 8:18:26 PM)

1.96

-0.04 (-1.75%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.75%
1 Week-7.78%
2 Weeks-2%
1 Month2.67%
3 Month-21.91%
6 Month-7.55%
12 Month0.51%
2 Year-5.77%
3 Year-21.6%
5 Year-34.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.88%
ATR Inc-31.92%
Range Today0.16
ADR(20)0.15
ADR(20)%7.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.19
Mansfield-2.16
10 Day High2.41
10 Day Low1.86
20 Day High2.41
20 Day Low1.77
52 Week High5.96
52 Week Low1.59
CS1 End1.83
CR1 Start2.13
Volume & EV
DER(3)12.13%
DER(5)-7.92%
Volume4.40K
Volume Incr-28.35%
Vol(5)4.38K
Vol(50)7.81K