IM CANNABIS CORP (IMCC) Technical Analysis
NASDAQ:IMCC • CA44969Q4060
Current stock price
IMCC Technical Rating and Analysis
Taking everything into account, IMCC scores 0 out of 10 in our technical rating. IMCC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 99% of all other stocks performed better in the past year than IMCC.
- IMCC is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 191 stocks in the same industry do better.
- IMCC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month IMCC has a been trading in the 0.29 - 0.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
IMCC Weekly and Daily overview Charts
IMCC Setup Rating and Analysis
The technical rating of IMCC 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
IMCC Support and Resistance Analysis
0.34
3 important resistance areas can be observed.
- Resistance @0.43 from a trend line in the daily time frame.
- Resistance @0.49 from a trend line in the weekly time frame.
- Resistance @0.59 from a trend line in the daily time frame.
IMCC 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 IMCC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IMCC is neutral. |
| ChartMill Relative Strength | 1.27 | NEGATIVE | IMCC has a low relative strength, it was outperformed by 98.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMCC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMCC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IMCC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.5 | NEUTRAL | The RSI value for IMCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IMCC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.24 | NEUTRAL | The Stochastics value for IMCC is a neutral value. |
| Average True Range in percent/ATR (20) | 20.25 | HIGH VOLATILITY | The high ATR as a percentage value for IMCC suggests high volalility. |
| Average Directional Index/ADX (14) | 37.57 | POSITIVE | The high ADX value value for IMCC suggests a strong trend. |
IMCC Chart- and CandleStick Pattern Analysis
IMCC Technicals: Chart, Performance Metrics, Trend & Indicators
0.3438
-0.06 (-13.86%)
IM CANNABIS CORP / IMCC TA FAQ
What is the technical rating for IMCC stock?
ChartMill assigns a technical rating of 0 / 10 to IMCC.
What is the current trend direction of IM CANNABIS CORP (IMCC) stock?
The current trend direction for IM CANNABIS CORP (IMCC) is Bearish.
What is the RSI signal for IMCC stock?
IM CANNABIS CORP (IMCC) has an RSI value of 32.4988. This indicates that the stock is currently neutral.
What are the support and resistance levels for IM CANNABIS CORP (IMCC) stock?
IM CANNABIS CORP (IMCC) has a resistance level at 0.43. Check the full technical report for our detailed analysis of IMCC support and resistance levels.