IM CANNABIS CORP (IMCC) Stock Technical Analysis
NASDAQ:IMCC - Nasdaq - CA44969Q4060 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to IMCC. Recently some decent action could be observed, but in the medium term time frame this is still negative. IMCC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, IMCC is a bad performer in the overall market: 92% of all stocks are doing better.
IMCC is part of the Pharmaceuticals industry. There are 198 other stocks in this industry, of which 67% are performing better than IMCC.
IMCC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: IMCC has an average volume of 9362 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month IMCC has a been trading in the 1.29 - 1.87 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
1.36
3.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.68 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.46 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Resistance @3.00 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.12
Mansfield-2.93
10 Day High1.87
10 Day Low1.29
20 Day High1.87
20 Day Low1.29
52 Week High5.33
52 Week Low1.29
Performance
1 Week21.83%
2 Weeks12.34%
1 Month13.82%
3 Month-20.28%
6 Month-12.18%
12 Month-67.59%
2 Year-77.47%
3 Year-71.16%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)59.31
LBB1.32
UBB1.73
NASDAQ:IMCC (5/2/2025, 8:02:13 PM)
1.73
+0.04 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.37%
1 Week21.83%
2 Weeks12.34%
1 Month13.82%
3 Month-20.28%
6 Month-12.18%
12 Month-67.59%
2 Year-77.47%
3 Year-71.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%8.94%
ATR Inc14.65%
Range Today0.09
ADR(20)0.15
ADR(20)%8.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.12
Mansfield-2.93
10 Day High1.87
10 Day Low1.29
20 Day High1.87
20 Day Low1.29
52 Week High5.33
52 Week Low1.29
CS1 End1.72
CR1 Start3
Volume & EV
DER(3)19.42%
DER(5)29.2%
Volume2.70K
Volume Incr53.95%
Vol(5)15.58K
Vol(50)9.36K