IM CANNABIS CORP (IMCC)

CA44969Q4060 - Common Stock

2.49  -0.13 (-4.96%)

Technical Rating and Analysis

4

Overall IMCC gets a technical rating of 4 out of 10. Although IMCC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

IMCC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IMCC is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
IMCC is part of the Pharmaceuticals industry. There are 192 other stocks in this industry. IMCC outperforms 81% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, IMCC did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month IMCC has a been trading in the 1.61 - 2.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
IMCC Weekly chart
IMCC Daily chart
Setup Rating and Analysis

3

IMCC 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.

Support and Resistance Analysis

2.05

3.98

We found 3 important support areas.

  • Support @2.27 from a horizontal line in the daily time frame.
  • Support @2.12 from a trend line in the weekly time frame.
  • Support @2.07 from a trend line in the daily time frame.

When analyzing the resistance we notice 6 important areas.

  • A resistance zone ranging from 2.50 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.72 from a horizontal line in the daily time frame.
  • Resistance @3.52 from a trend line in the daily time frame.
  • Resistance @3.72 from a trend line in the weekly time frame.
  • Resistance @3.87 from a trend line in the daily time frame.
  • Resistance @3.94 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.52
Mansfield-1.46
10 Day High2.9
10 Day Low2.18
20 Day High2.9
20 Day Low1.61
52 Week High8.1
52 Week Low1.13
Performance
1 Week6.82%
2 Weeks13.21%
1 Month-11.39%
3 Month10.18%
6 Month0.81%
12 Month41.16%
2 Year-70.77%
3 Year-78.72%
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)0.04
RSI(14)50.47
LBB1.94
UBB2.74
IMCC Daily chart

IM CANNABIS CORP

NASDAQ:IMCC (1/8/2025, 8:09:22 PM)

2.49

-0.13 (-4.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.96%
1 Week6.82%
2 Weeks13.21%
1 Month-11.39%
3 Month10.18%
6 Month0.81%
12 Month41.16%
2 Year-70.77%
3 Year-78.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%11.83%
ATR Inc-22.27%
Range Today0.12
ADR(20)0.29
ADR(20)%11.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.52
Mansfield-1.46
10 Day High2.9
10 Day Low2.18
20 Day High2.9
20 Day Low1.61
52 Week High8.1
52 Week Low1.13
CS1 End2.27
CR1 Start2.5
Volume & EV
DER(3)19.47%
DER(5)11.02%
Volume28.70K
Volume Incr8.39%
Vol(5)26.56K
Vol(50)112.73K