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(IMRN) Immuron complete technical analysis [charts+indicators] | Buy/Sell Immuron | (IMRN) share price targets

Complete technical analysis of Immuron (IMRN) by charts plus indicators, forecast predictions and share price targets for Immuron (IMRN)

Immuron trades in USA in Health Care sector.

Showing technical analysis as on 2024-06-10 View latest technical analysis

10 day averaged volume of Immuron is 4060

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.26	2.22	2.30	2.22	1.527 times
07 Fri Jun 2024	2.23	2.25	2.30	2.23	2.586 times
06 Thu Jun 2024	2.30	2.31	2.31	2.27	1.478 times
05 Wed Jun 2024	2.35	2.30	2.35	2.30	0.64 times
04 Tue Jun 2024	2.30	2.26	2.30	2.25	0.246 times
03 Mon Jun 2024	2.30	2.30	2.34	2.30	0.271 times
31 Fri May 2024	2.36	2.32	2.38	2.32	1.773 times
30 Thu May 2024	2.32	2.32	2.38	2.32	0.837 times
29 Wed May 2024	2.34	2.30	2.34	2.30	1.281 times
28 Tue May 2024	2.33	2.30	2.35	2.30	0.591 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2.2 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.32 as target.

Share price targets for Immuron (IMRN)

Target Type	Value
Downside Target	1.59
Downside Target	1.65
Downside Target	1.90
Downside Target	2.15
Downside Target	2.22
Upside Target	2.30
Upside Target	2.35
Upside Target	2.36
Upside Target	2.38
Upside Target	2.42
Upside Target	2.62
Upside Target	3.09
Upside Target	5.96

Intraday share price targets for Immuron (IMRN)

Target Type	Value
Downside Intraday Target	2.22
Downside Intraday Target	2.18
Upside Intraday Target	2.3
Upside Intraday Target	2.34
Downside Intraday Target	2.26

Weekly technical analysis of Immuron (IMRN)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.26	2.22	2.30	2.22	0.292 times
07 Fri Jun 2024	2.23	2.30	2.35	2.23	1.165 times
31 Fri May 2024	2.36	2.30	2.38	2.30	1.288 times
23 Thu May 2024	2.31	2.27	2.36	2.23	0.394 times
17 Fri May 2024	2.32	2.42	2.42	2.25	1.869 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Immuron (IMRN)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	2.26	2.30	2.35	2.22	0.257 times
31 Fri May 2024	2.36	2.32	2.62	2.23	0.251 times
30 Tue Apr 2024	2.22	2.55	3.09	2.15	0.008 times
28 Thu Mar 2024	2.63	1.67	5.96	1.65	343.731 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Immuron (IMRN)

Price action analysis of Immuron ( (IMRN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Immuron ( (IMRN) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Immuron ( (IMRN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Immuron stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Immuron in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Immuron Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Immuron in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Immuron is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.3 and Immuron (IMRN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Immuron (IMRN) stock. Volume based technical analysis of Immuron (IMRN) stock is negative.

Immuron Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.