Investors Trying to Find the Black: Mass Index Update on Imax Corp (IMAX)

Imax Corp (IMAX) shares might have a significant move ahead as the Mass Index volatility reading has dropped below 26.5.  Mass Index rises above the trigger line (set at 26.5) and the setup line (set at 27). Mass Index then falls below the setup line. When the Mass Index falls below the trigger line, then a reversal of the prior trend is expected. The Mass Index is presented as a helpful technical gizmo that traders might use to time entry into bottoming markets.  The Mass Index indicator helps traders identify price reversals based on the difference between the high and low in each interval. When ranges expand to uncommon levels, probabilities start to accelerate which suggest that the current price action is over-extended. When the Mass Index is used in combination with a 9-period EMA, a “buy” signal can be seen when the EMA suggests a downside cross. Alternatively, “sell” illustrates can be seen when the EMA crosses to the upside.

Investors and traders continue to monitor technical levels of shares of Imax Corp (IMAX). A Often times used gizmo among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain duration of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to aid the trader determine proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 22.15, and the 50-day is 21.13.

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The 14-day ADX for Imax Corp (IMAX) is right now at 46.01. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some alternate technical levels, the 14-day RSI is right now at 37.81, the 7-day stands at 38.57, and the 3-day is sitting at 34.87. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of share price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to discover general trends as well as finding divergences and failure swings.

At the time of writing, Imax Corp (IMAX) has a 14-day Commodity Channel Index (CCI) of -46.25. Developed by Donald Lambert, the CCI is a versatile gizmo that may be used to assist discover an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time duration. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching alternate technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps calculate oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time duration. A common look back duration is 14 days. Imax Corp (IMAX)’s Williams %R right now stands at -74.03. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

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