ICECURE MEDICAL LTD (ICCM) Stock Technical Analysis
NASDAQ:ICCM - Nasdaq - IL0011224156 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ICCM. ICCM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ICCM has a been trading in the 0.82 - 1.21 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.
ICCM is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 187 stocks in the same industry.
ICCM has an average volume of 1248180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, ICCM outperforms 58% of them, which is more or less in line with the market.
ICCM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ICCM is lagging the market.
The technical rating of ICCM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.53
1.43
We found 1 important support area.
- Support @0.54 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @1.04 from a trend line in the daily time frame.
- Resistance @1.09 from a trend line in the daily time frame.
- Resistance @1.13 from a horizontal line in the daily time frame.
- Resistance @1.42 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ICCM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ICCM is down. |
| ChartMill Relative Strength | 58.98 | NEUTRAL | ICCM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ICCM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ICCM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ICCM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.9 | OVERSOLD | The low RSI value suggests ICCM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ICCM has a negative trend. |
| Stochastics (14,3) | 4.8 | OVERSOLD | The low Stochastics value suggests ICCM may be oversold. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for ICCM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for ICCM suggests a weak or negative trend. |
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)
0.825
-0.06 (-7.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-7.21%
1 Week-18.32%
2 Weeks-22.9%
1 Month-20.67%
3 Month-19.9%
6 Month-35.55%
12 Month36.36%
2 Year-24.12%
3 Year-49.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.04%
ATR Inc-9.99%
Range Today0.08
ADR(20)0.06
ADR(20)%6.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.98
Mansfield-2.33
10 Day High1.07
10 Day Low0.82
20 Day High1.21
20 Day Low0.82
52 Week High1.66
52 Week Low0.48
CS1 End0.54
CR1 Start1.04
Volume & EV
DER(3)-9.15%
DER(5)-6.94%
Volume852.80K
Volume Incr-65.85%
Vol(5)870.92K
Vol(50)1.25M