Stock Price Prediction

Technical Analysis: Based on the latest trading data, IMO closed at $69.81 on Friday, showing a significant decline of -4.37% during regular market hours. The stock is currently trading below both its 5-day SMA ($70.92) and 10-day SMA ($70.27), indicating short-term bearish momentum.

Key Technical Indicators:

• RSI (14) at 51.85 indicates neutral momentum
• MACD (12,26,9) shows a positive value of 0.84 with a weakening signal
• Stochastic RSI (14) at 74.06 suggests slightly overbought conditions
• Bollinger Bands show price near the middle band, with upper resistance at $75.16 and lower support at $63.69

News Impact:

• Recent TD Securities analysis maintains a Hold rating with a price target of C$97.00
• Q4 earnings showed net income decline to C$1.23 billion but exceeded analyst expectations
• Company announced a 20% dividend increase to 72 cents per share, payable April 1, 2025

Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:

• Resistance levels: R1: $72.66, R2: $74.36
• Support levels: S1: $67.16, S2: $65.46

Trading Recommendation: SELL

• Current price weakness and technical indicators suggest further downside potential
• Entry point: Current market price ($69.81)
• Target price: $67.16 (S1 level)
• Stop loss: $72.66 (R1 level)

Rationale:

1. Breaking below 5-day and 10-day SMAs indicates short-term weakness
2. Recent high volume sell-off suggests strong bearish sentiment
3. Price likely to test first support level at $67.16 in the coming week