We assign a technical rating of 5 out of 10 to IMAC. IMAC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
IMAC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
0.79
When analyzing the support we can see 3 important 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.
We can see 4 important resistance areas.
- 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.
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. |
NASDAQ:IMAC (8/5/2022, 8:25:24 PM)
1.01
+0.02 (+2%)
IMAC HOLDINGS INC / IMAC 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 stock?
IMAC HOLDINGS INC (IMAC) has an RSI value of 56.3338. This indicates that the stock is currently neutral.
Can you provide the short term momentum for IMAC HOLDINGS INC?
The short term momentum for IMAC HOLDINGS INC (IMAC) is neutral.