We assign a technical rating of 1 out of 10 to IMCC. 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.
IMCC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.50. Right above this resistance zone may be a good entry point. 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
We found 1 important support area.
- Support @1.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.59 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.66 from a trend line in the daily time frame.
- Resistance @1.81 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for IMCC is neutral. |
| ChartMill Relative Strength | 8.92 | NEGATIVE | IMCC has a low relative strength, it was outperformed by 91.08% 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) | UP | MIXED | The current price of IMCC is below the rising 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) | 45.2 | NEUTRAL | The RSI value for IMCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IMCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.71 | NEUTRAL | The Stochastics value for IMCC is a neutral value. |
| Average True Range in percent/ATR (20) | 14.49 | HIGH VOLATILITY | The high ATR as a percentage value for IMCC suggests high volalility. |
| Average Directional Index/ADX (14) | 9.07 | NEGATIVE | The low ADX value for IMCC suggests a weak or negative trend. |
1.42
-0.02 (-1.39%)
IM CANNABIS CORP / IMCC FAQ
What is the technical rating for IMCC stock?
ChartMill assigns a technical rating of 1 / 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 45.2005. 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 -0.0080716, indicating a bearish trend.
What are the support and resistance levels for IM CANNABIS CORP (IMCC) stock?
IM CANNABIS CORP (IMCC) has a support level at 1.37 and a resistance level at 1.5. Check the full technical report for our detailed analysis of IMCC support and resistance levels.