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Immuron Limited (IMRN)

Immuron stock forecast: buy or sell

Close on Sep 28th, 2020
$7.08 -0.03%
3 months performance
-0.05%
Published: September 28th, 2020 - 9.50pm EDT

Immuron stock outlook

  • Immuron closed today at $7.08 (-3.01%) prior to presenting earnings at

Please read:
The thoughts given in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the individual circumstances of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for informational purposes only

Immuron stock charts

Should I buy Immuron stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Immuron stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies give us the ability us to avoid rash decisions based on our sentiments or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short IMRN stock

A golden rule is that you should never mantain a trading operation that results in losses greater than those expected by the time of the buy. The timing to sell shares always has to be ruled 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

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

We don't have any rating posted in the previous 30 days for Immuron

Technical analysis

SMAs overview

Moving averages are tools for investors to measure stock 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

IMRN SMAs chart

Supports and resistances

Market investors use support and resistance levels to identify price points in the stock price action that tend to act as obstacles, containing the price of shares to move up or down. A support level is a level where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until approaching another support level. In contrast, a resistance level is where the price may find a curb as it moves up. Likewise, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, it will rise easily until it finds the next resistance

The current resistances are:

  • R1: $7.25 (2.4% above)
  • R2: $7.80 (10.17% above)
  • R3: $8.55 (20.76% above)
  • The current support levels are:

  • S1: $6.80 (-3.95% below)
  • S2: $5.51 (-22.18% below)
  • S3: $5.18 (-26.84% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It is made up of 3 lines that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    The price is moving near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    IMRN RSI chart

    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 historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in mid-July after just crossing to the overbough zone for just one day (weak signal). The RSI value today was 32.85. Immuron price sank a 52.19% since RSI lost the overbought zone

    IMRN RSI chart

    Earnings and financials

    Immuron Limited (IMRN) published quarterly earnings of $0.00 per share, meeting the Wall St consensus estimate of $0.00 per share. The company said turnover for Q2 was $4,809,710 in line with analysts' forecasts as well.

    For comparison, the EPS for the same quarter last year was $0.00, so posted EPS means -. Sales dropped a -31.74% on an annualized basis in the second-quarter, from $7,045,960 to $4,809,710 last quarter.

    Immuron is hosting the earnings call. If you own or you are planning to buy Immuron shares, you must be vigilant as financial reporting day usually has a very high volatility, and price can jump up or down with very low liquidity and not honouring your buy or stop-loss orders. You can probably uncover more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.immuron.com.au.

    IMRN revenues and profits chart