IM CANNABIS CORP (IMCC) Stock Technical Analysis
USA - NASDAQ:IMCC - CA44969Q4060 - Common Stock
1.97 USD
+0.07 (+3.68%)
Overall IMCC gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, IMCC is a bad performer in the overall market: 90% of all stocks are doing better.
IMCC is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, of which 66% are performing better than IMCC.
IMCC 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.
In the last month IMCC has a been trading in the 1.48 - 2.61 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 bad, IMCC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for IMCC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.36
2.12
4 important support areas can be observed.
- A support zone ranging from 1.94 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.82 from a trend line in the daily time frame.
- Support @1.79 from a horizontal line in the daily time frame.
- Support @1.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.09 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 10.95 | NEGATIVE | IMCC has a low relative strength, it was outperformed by 89.05% 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) | 40.91 | NEUTRAL | The RSI value for IMCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IMCC has a positive trend. |
| Stochastics (14,3) | 40.95 | NEUTRAL | The Stochastics value for IMCC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.76 | HIGH VOLATILITY | The high ATR as a percentage value for IMCC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for IMCC suggests a possible start of a new trend. |
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:IMCC (9/18/2025, 8:00:01 PM)
1.97
+0.07 (+3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.68%
1 Week-1.99%
2 Weeks-3.9%
1 Month-13.22%
3 Month-28.88%
6 Month10.06%
12 Month-5.29%
2 Year-54.33%
3 Year-19.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%11.76%
ATR Inc-35.9%
Range Today0.14
ADR(20)0.23
ADR(20)%11.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.95
Mansfield-2.41
10 Day High2.14
10 Day Low1.48
20 Day High2.61
20 Day Low1.48
52 Week High7.12
52 Week Low1.29
CS1 End1.96
CR1 Start2.09
Volume & EV
DER(3)13.18%
DER(5)-2.1%
Volume25.30K
Volume Incr-66.84%
Vol(5)23.02K
Vol(50)59.81K