IMAC HOLDINGS INC (IMAC) Technical Analysis
NASDAQ:IMAC • US44967K1043
Current stock price
IMAC Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to IMAC. In the last year, IMAC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- IMAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, IMAC turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- IMAC is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, IMAC did better than 58% of them.
- In the last month IMAC has a been trading in the 0.92 - 1.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
IMAC Weekly and Daily overview Charts
IMAC Setup Rating and Analysis
Although the technical rating is only medium, IMAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.99, a Stop Loss order could be placed below this zone.
More info and screens
IMAC Support and Resistance Analysis
0.79
We found 3 important support areas.
- A support zone ranging from 0.95 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.83 from a trend line in the daily time frame.
- Support @0.80 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.11 from a trend line in the daily time frame.
- A resistance zone ranging from 1.16 to 1.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.19 from a horizontal line in the daily time frame.
IMAC 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 | NEUTRAL | NEUTRAL | The long term trend for IMAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMAC is neutral. |
| ChartMill Relative Strength | 43.31 | NEUTRAL | IMAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IMAC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IMAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for IMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IMAC has a positive trend. |
| Stochastics (14,3) | 33.67 | NEUTRAL | The Stochastics value for IMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.38 | HIGH VOLATILITY | The high ATR as a percentage value for IMAC suggests high volalility. |
IMAC Chart- and CandleStick Pattern Analysis
IMAC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:IMAC (8/5/2022, 8:25:24 PM)
1.01
+0.02 (+2%)
IMAC HOLDINGS INC / IMAC TA FAQ
What is the ChartMill technical rating of IMAC HOLDINGS INC (IMAC) stock?
ChartMill assigns a technical rating of 5 / 10 to IMAC.
What is the trend direction for IMAC stock?
The current trend direction for IMAC HOLDINGS INC (IMAC) is Bearish.
What is the RSI signal for IMAC HOLDINGS INC (IMAC) stock?
IMAC HOLDINGS INC (IMAC) has an RSI value of 56.3338. This indicates that the stock is currently neutral.
What is the MACD signal for IMAC stock?
The MACD indicator for IMAC HOLDINGS INC (IMAC) has a value of 0.00045939, indicating a bearish trend.
What is the short term momentum for IMAC HOLDINGS INC (IMAC) stock?
The short term momentum for IMAC HOLDINGS INC (IMAC) is neutral.