We assign a technical rating of 1 out of 10 to IMCC. IMCC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
IMCC has a poor technical rating and the quality of the setup is also only medium 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
1.53
2 important support areas can be observed.
- A support zone ranging from 1.66 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 12.4 | NEGATIVE | IMCC has a low relative strength, it was outperformed by 87.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IMCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IMCC is above 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) | 53.02 | 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) | 64.93 | NEUTRAL | The Stochastics value for IMCC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.72 | HIGH VOLATILITY | The high ATR as a percentage value for IMCC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.12 | NEGATIVE | The low ADX value for IMCC suggests a weak or negative trend. |
1.67
-0.01 (-0.6%)
IM CANNABIS CORP / IMCC FAQ
What is the technical rating for IMCC stock?
ChartMill assigns a technical rating of 1 / 10 to IMCC.
What is the trend direction for IMCC stock?
The current trend direction for IM CANNABIS CORP (IMCC) is Bearish.
Can you provide the RSI signal for IM CANNABIS CORP?
IM CANNABIS CORP (IMCC) has an RSI value of 53.0204. This indicates that the stock is currently neutral.
What is the MACD signal for IMCC stock?
The MACD indicator for IM CANNABIS CORP (IMCC) has a value of 0.0167492, indicating a bearish trend.
Can you provide the support and resistance levels for IM CANNABIS CORP?
IM CANNABIS CORP (IMCC) has a support level at 1.67 and a resistance level at 1.71. Check the full technical report for our detailed analysis of IMCC support and resistance levels.