All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Currently, IMAC stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for IMAC in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
How to know when is it time to sell IMAC stock?. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a whimsy decision, and we must adhere our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for shorting IMAC stock
A guiding principle is that you should never keep an open trade that produces losses greater than those expected upon the buy. When to sell your stock must always be determined by the stop-loss (automatic or manual)
In the current situation of IMAC there is not any eligible sell setup, so IMAC stock holders with operations in green can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days we couldn't find any rating for IMAC
Moving averages are indicators for traders to gauge market direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Technical analysts use supports and resistances to identify price points in the stock price action that tend to act as barriers, containing the price of a stock to move up or down. Supports are levels where the price may stop as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until approaching another support level. On the other side, resistances are where the price may find resistance as it rises. In the same way, the price is more likely to "rebound" at this level, and if it finally breaks this level, the price will climb more easily until it hits the next resistance
The current resistance levels are:
The current supports are:
This is an indicator that was created in the 1980s by John Bollinger. The Bollinger Bands are lines that move around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
Since the price surpassed the upper band on Wednesday, the price corrected downwards by 49.42%
The Relative Strength Index is an oscillator-type indicator that measures price changes to identify when the share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI reading yesterday was 47.71. Since that level was lost, IMAC shares collapsed a 39.63%
IMAC Holdings Inc. (IMAC) posted first-quarter earnings of $-0.16 per share, substantially lowering the Wall St consensus estimate of $0.14 per share. This Q1 report represents an earnings surprise of -214.29%. Company's turnover was $3.3 million compared to $2.8 million forecasted by market consensus.
This compares to earnings of $0.00 per share a year ago, so current EPS is a drop of -. Looking at revenue, figures exploded a 19.92% compared to $2.8M same quarter last year.
IMAC will host the earnings call on Friday next week. Market analysts analysts forecast an EPS of $-0.14, that is a 12.5% more than Q1. Earnings reporting day has a more than usual risk for stock investors as the results disclosed can soar and sink the shares price with very low volume and not respecting your buy or stop-loss orders. You can probably find more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.imacregeneration.com.