Assure Holdings Corp (IOM.CA) Technical Analysis
TSX-V:IOM
Current stock price
IOM.CA Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to IOM. IOM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month IOM has a been trading in the 5.30 - 7.76 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.
- Warning: IOM has an average volume of 1247 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that IOM is one of the better performing stocks in the market, outperforming 96% of all stocks.
- IOM is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 100% of 13 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- IOM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IOM is lagging the market slightly.
IOM.CA Weekly and Daily overview Charts
IOM.CA Setup Rating and Analysis
IOM has an average technical rating and it also does not offer a high 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
IOM.CA Support and Resistance Analysis
5.24
When analyzing the support we notice one important area.
- Support @5.29 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @7.26 from a trend line in the weekly time frame.
IOM.CA 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 | NEUTRAL | NEUTRAL | The long term trend for IOM.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IOM.CA is down. |
| ChartMill Relative Strength | 96.79 | POSITIVE | IOM.CA has a high relative strength, it outperformed 96.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IOM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IOM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IOM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.83 | NEUTRAL | The RSI value for IOM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests IOM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.44 | OVERSOLD | The low Stochastics value suggests IOM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for IOM.CA suggests high volalility. |
IOM.CA Chart- and CandleStick Pattern Analysis
IOM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:IOM (1/31/2022, 7:00:00 PM)
5.4
-0.45 (-7.69%)
Assure Holdings Corp / IOM.CA TA FAQ
What is the technical rating for IOM stock?
ChartMill assigns a technical rating of 3 / 10 to IOM.CA.
Can you provide the trend direction for Assure Holdings Corp?
The current trend direction for Assure Holdings Corp (IOM.CA) is Bearish.
Can you provide the RSI signal for Assure Holdings Corp?
Assure Holdings Corp (IOM.CA) has an RSI value of 36.8327. This indicates that the stock is currently neutral.
What is the short term momentum for IOM stock?
The short term momentum for Assure Holdings Corp (IOM.CA) is negative.