IMAC HOLDINGS INC (IMAC) Stock Technical Analysis
NASDAQ:IMAC - Nasdaq - US44967K1043 - Common Stock - Currency: USD
Overall IMAC gets a technical rating of 5 out of 10. 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 an average performer in the Health Care Providers & Services industry, it outperforms 64% of 103 stocks in the same industry.
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.
Although the technical rating is only medium, IMAC does present a nice setup opportunity. 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
1.20
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.
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.
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. |
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)
NASDAQ:IMAC (8/5/2022, 8:25:24 PM)
1.01
+0.02 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2%
1 Week4.3%
2 Weeks4.39%
1 Month2.54%
3 Month26.27%
6 Month-17.89%
12 Month-35.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.38%
ATR Inc-7.79%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.31
Mansfield-0.85
10 Day High1.11
10 Day Low0.92
20 Day High1.11
20 Day Low0.92
52 Week High1.65
52 Week Low0.75
CS1 End0.99
CR1 Start1.04
Volume & EV
DER(3)0.18%
DER(5)-3.1%
Volume81.40K
Volume Incr-2.81%
Vol(5)137.76K
Vol(50)268.11K