BITWISE MSTR INCOME STRAT (IMST) Stock Technical Analysis
USA - NYSEARCA:IMST - US0917488068 - ETF
We assign a technical rating of 1 out of 10 to IMST. In the last year, IMST was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, IMST does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.44, a Stop Loss order could be placed below this zone.
More info and screens
36.39
We found 1 important support area.
- A support zone ranging from 36.76 to 37.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 38.28 to 38.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.79 to 49.56. 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 | UP | POSITIVE | The long term trend for IMST is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMST is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | IMST has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IMST is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.63 | NEUTRAL | The RSI value for IMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests IMST has a positive trend. |
| Stochastics (14,3) | 62.8 | NEUTRAL | The Stochastics value for IMST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for IMST suggests some volalility. |
| Average Directional Index/ADX (14) | 45.92 | POSITIVE | The high ADX value value for IMST suggests a strong trend. |
38.2741
+0.8 (+2.15%)