ICECURE MEDICAL LTD (ICCM) Technical Analysis
NASDAQ:ICCM • IL0011224156
Current stock price
ICCM Technical Rating and Analysis
Overall ICCM gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ICCM was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ICCM is a bad performer in the overall market: 86% of all stocks are doing better.
- ICCM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ICCM is lagging the market.
- In the last month ICCM has a been trading in the 0.56 - 0.71 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- ICCM is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ICCM did better than 40% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ICCM Weekly and Daily overview Charts
ICCM Setup Rating and Analysis
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
ICCM Support and Resistance Analysis
0.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.70 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.72 from a horizontal line in the daily time frame.
- Resistance @0.77 from a trend line in the weekly time frame.
ICCM Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ICCM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ICCM is up. |
| ChartMill Relative Strength | 14.67 | NEGATIVE | ICCM has a low relative strength, it was outperformed by 85.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ICCM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ICCM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ICCM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.08 | NEUTRAL | The RSI value for ICCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ICCM has a positive trend. |
| Stochastics (14,3) | 83.71 | OVERBOUGHT | The high Stochastics value suggests ICCM may be overbought. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for ICCM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for ICCM suggests a possible start of a new trend. |
ICCM Chart- and CandleStick Pattern Analysis
ICCM Technicals: Chart, Performance Metrics, Trend & Indicators
0.69
+0 (+0.16%)
ICECURE MEDICAL LTD / ICCM TA FAQ
What is the technical rating for ICCM stock?
ChartMill assigns a technical rating of 3 / 10 to ICCM.
What is the current trend direction of ICECURE MEDICAL LTD (ICCM) stock?
The current trend direction for ICECURE MEDICAL LTD (ICCM) is Bearish.
What is the RSI signal for ICECURE MEDICAL LTD (ICCM) stock?
ICECURE MEDICAL LTD (ICCM) has an RSI value of 64.0848. This indicates that the stock is currently neutral.
What is the MACD signal for ICECURE MEDICAL LTD (ICCM) stock?
The MACD indicator for ICECURE MEDICAL LTD (ICCM) has a value of 0.0112066, indicating a bearish trend.
Can you provide the short term momentum for ICECURE MEDICAL LTD?
The short term momentum for ICECURE MEDICAL LTD (ICCM) is positive.