Immuron Limited (IMRN)

Immuron stock forecast: buy or sell

Immuron stock outlook

  • Counting today, it's been 6 consecutive sessions in red for Immuron. Price closed today at $6.48 after collapsing a -2.85%.
  • From the chart point view, price is drawing a scaled uptrend since late March with higher tops and higher bottoms. This rally marked a 318.06% gain
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Important note:
The comments contained in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for educative reasons only

Immuron stock chart overview

Should I buy Immuron stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is IMRN stock a buy?

Currently, Immuron stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for IMRN in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Immuron stock?

"To sell or not to sell", if you are holding Immuron shares?. Just as when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must use our own trading style. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for selling short Immuron stock

As a golden rule, you must never hold an investment that results in higher than expected losses at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Immuron stock?

In the current situation of Immuron there is not any eligible sell setup, so Immuron stock holders with operations in profit can keep their positions

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Analysts' recommendations to buy or sell Immuron stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous 30 days we couldn't find any rating for Immuron

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Technical analysis

Since in late March, Immuron has been printing an uptrend that by now marked a gorgeous 318.06%. The price action shows higher highs and lows, and along the way provided very few entry points for those who wanted to trade in. Latest low was in mid-May, when price bounced at $1.81. Now, the price swings in a consolidation between its last top ($28.99) and its last bottom ($1.81)

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Market investors use support and resistance levels as a way to identify price points in the stock price action that tend to behave as barriers, preventing the price of a stock to move up or down. A support level is a level where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue falling until finding another support level. On the contrary, resistance levels are where the price tends to find resistance as it moves up. In the same way, the price is more liable to "rebound" at this level, and if it finally breaks this level, it will rise easily until it approaches the next resistance

The current resistance levels are:

  • R1: $6.80 (4.94% above)
  • R2: $7.25 (11.88% above)
  • R3: $7.80 (20.37% above)
  • The current support levels are:

  • S1: $6.35 (-2.01% below)
  • S2: $5.18 (-20.06% below)
  • S3: $4.85 (-25.15% below)
  • Bollinger bands

    The so-called Bollinger bands are a widely known technique designed by John Bollinger. Fundamentally, the Bollinger Bands are lines that flow around a centralmoving averagediffering in distance from the bottom to the top depending on market volatility. They are usually drawn by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    The price is trading very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a bullish indicator, as price can move in these levels for many days and weeks

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to plot the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates from 0% to 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI value today was 48.13. Immuron shares collapsed a 67.6% since that level was lost

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    Earnings and financials

    In mid-April, Immuron hosted the earnings call and presented the first-quarter report.

    In comparing, the EPS for the same quarter last year was $0.00, so reported EPS means -. Turnover just moved on an annualized basis in the Q1, from $0.00 to $0.00 last quarter.

    Immuron is presenting Q2 financial report next August. Market estimates an earnings per share (EPS) of $0.00, compared to Q1 that was $0.00. If you own or you are looking to buy Immuron stock, be on your toes as financial reporting day usually has a higher than usual volatility, and price can jump up or down with very low liquidity and not respecting your buy/stop-loss orders. You can uncover more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.immuron.com.au.

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