IMCC
IM Cannabis·NASDAQ
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1.90 / 10
Underperform
Technically, IM Cannabis is underperforming with a composite score of 1.9/10. The recent candlestick patterns show a Long Upper Shadow and Long Lower Shadow, both typically bearish or neutral, and a confirmed MACD Death Cross further emphasizes weakness. Historical back-tests reveal negative average returns for these indicators (e.g., -3.98% for MACD Death Cross), reinforcing the cautionary tone. Traders may consider waiting for a clear reversal signal before entering long positions.
Analysis Checks(0/3)
Long Upper Shadow
Score2.43/10
Win Rate41.32%
Hist. Signals121
Avg Return1.47%
Score2.43/10
Win Rate41.32%
Hist. Signals121
Avg Return1.47%
MACD Death Cross
Score1/10
Win Rate14.29%
Hist. Signals7
Avg Return-3.98%
Score1/10
Win Rate14.29%
Hist. Signals7
Avg Return-3.98%
Long Lower Shadow
Score2.26/10
Win Rate40.96%
Hist. Signals83
Avg Return1.23%
Score2.26/10
Win Rate40.96%
Hist. Signals83
Avg Return1.23%
Long Upper Shadow
Score2.43/10
Win Rate41.32%
Hist. Signals121
Avg Return1.47%
Score2.43/10
Win Rate41.32%
Hist. Signals121
Avg Return1.47%
Long Lower Shadow
Score2.26/10
Win Rate40.96%
Hist. Signals83
Avg Return1.23%
Score2.26/10
Win Rate40.96%
Hist. Signals83
Avg Return1.23%
MACD Death Cross
Score1/10
Win Rate14.29%
Hist. Signals7
Avg Return-3.98%
Score1/10
Win Rate14.29%
Hist. Signals7
Avg Return-3.98%
Technical Analysis of IMCC?
- IMCC presents a Underperform setup with a Technical Score of 1.90/10. Key technical indicators highlight an RSI of 34.87 and a MACD of -0.04, with the trend anchored by the 50-Day SMA at 1.49. Traders should monitor key support at 1.09 and resistance at 1.20.
