IMAC HOLDINGS INC. - Daily - Technical analysis published on 04/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.274 USD
My targets
0.327 USD (+4.24%)
0.408 USD (+29.94%)
My analysis
The current short-term bullish acceleration on IMAC HOLDINGS INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.274 USD. Short-term buyers will use the resistance located at 0.327 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.408 USD. Crossing this resistance would then open the door for buyers to target 0.789 USD. Caution, if there is a return to under 0.274 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.1
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Additional analysis
Quotes
The IMAC HOLDINGS INC. rating is 0.314 USD. On the day, this instrument gained +151.20% and was traded between 0.129 USD and 0.354 USD over the period. The price is currently at +143.41% from its lowest and -11.30% from its highest.0.129
0.354
0.314
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this IMAC HOLDINGS INC. chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.190 | 0.314 | 0.408 | 0.789 | 1.010 |
| Change (%) | -39.49% | - | +29.94% | +151.27% | +221.66% |
| Change | -0.124 | - | +0.094 | +0.475 | +0.696 |
| Level | Intermediate | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.112 | 0.118 | 0.122 | 0.128 | 0.132 | 0.138 | 0.142 |
| Camarilla | 0.122 | 0.123 | 0.124 | 0.125 | 0.126 | 0.127 | 0.128 |
| Woodie | 0.110 | 0.118 | 0.120 | 0.128 | 0.130 | 0.138 | 0.140 |
| Fibonacci | 0.118 | 0.122 | 0.125 | 0.128 | 0.132 | 0.135 | 0.138 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.094 | 0.109 | 0.118 | 0.133 | 0.142 | 0.157 | 0.166 |
| Camarilla | 0.119 | 0.122 | 0.124 | 0.126 | 0.128 | 0.130 | 0.133 |
| Woodie | 0.090 | 0.108 | 0.114 | 0.132 | 0.138 | 0.156 | 0.162 |
| Fibonacci | 0.109 | 0.119 | 0.124 | 0.133 | 0.143 | 0.148 | 0.157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.030 | 0.036 | 0.089 | 0.155 | 0.208 | 0.274 | 0.327 |
| Camarilla | 0.110 | 0.121 | 0.132 | 0.143 | 0.154 | 0.165 | 0.176 |
| Woodie | -0.036 | 0.033 | 0.084 | 0.152 | 0.203 | 0.271 | 0.322 |
| Fibonacci | 0.036 | 0.081 | 0.109 | 0.155 | 0.200 | 0.228 | 0.274 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.67 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | 23.548 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 0.138 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.101 | |
| Elder Ray (13): | 0.055 | |
| Super Trend (3,10): | 0.113 | |
| Zig ZAG (10): | 0.202 | |
| VORTEX (21): | 0.9170 | |
| Stochastique (14,3,5): | 36.41 | |
| TEMA (21): | 0.139 | |
| Williams %R (14): | -48.37 | |
| Chande Momentum Oscillator (20): | 0.026 | |
| Repulse (5,40,3): | -3.5930 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.6610 | |
| Courbe Coppock: | 33.94 |
| MA7: | 0.141 | |
| MA20: | 0.159 | |
| MA50: | 0.216 | |
| MA100: | 0.248 | |
| MAexp7: | 0.149 | |
| MAexp20: | 0.164 | |
| MAexp50: | 0.201 | |
| MAexp100: | 0.266 | |
| Price / MA7: | +122.70% | |
| Price / MA20: | +97.48% | |
| Price / MA50: | +45.37% | |
| Price / MA100: | +26.61% | |
| Price / MAexp7: | +110.74% | |
| Price / MAexp20: | +91.46% | |
| Price / MAexp50: | +56.22% | |
| Price / MAexp100: | +18.05% |
Quotes :
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15 min delayed data
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This member declared not having a position on this financial instrument or a related financial instrument.
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