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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than IMCC.
- IMCC is one of the lesser performing stocks in the Pharmaceuticals industry. 80% of 193 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. The S&P500 Index is trading in the upper part of its 52 week range, so IMCC is lagging the market.
- In the last month IMCC has a been trading in the 0.54 - 1.05 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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
0.64
4 important resistance areas can be observed.
- Resistance @0.78 from a trend line in the weekly time frame.
- Resistance @0.80 from a trend line in the daily time frame.
- Resistance @0.90 from a trend line in the daily time frame.
- Resistance @1.47 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for IMCC is down. |
| ChartMill Relative Strength | 3.13 | NEGATIVE | IMCC has a low relative strength, it was outperformed by 96.87% 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) | 36.13 | NEUTRAL | The RSI value for IMCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests IMCC has a positive trend. |
| Stochastics (14,3) | 18.95 | OVERSOLD | The low Stochastics value suggests IMCC may be oversold. |
| Average True Range in percent/ATR (20) | 14.05 | HIGH VOLATILITY | The high ATR as a percentage value for IMCC suggests high volalility. |
| Average Directional Index/ADX (14) | 31.86 | 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
0.6468
+0.03 (+4.39%)
IM CANNABIS CORP / IMCC TA FAQ
What is the technical rating for IMCC stock?
ChartMill assigns a technical rating of 0 / 10 to IMCC.
Can you provide the trend direction for IM CANNABIS CORP?
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 36.1349. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IM CANNABIS CORP?
The MACD indicator for IM CANNABIS CORP (IMCC) has a value of 0.00223723, indicating a bearish trend.
What are the support and resistance levels for IM CANNABIS CORP (IMCC) stock?
IM CANNABIS CORP (IMCC) has a resistance level at 0.78. Check the full technical report for our detailed analysis of IMCC support and resistance levels.