Inherently, I don't think so. However, there are plugins/addons that can help with this, such as the Cell Outliner (https://imagej.nih.gov/ij/plugins/multi-cell-outliner.html). However, cell tracking and fluorescence intensity over time is not typically something people do in ImageJ. Instead, people either use CellProfiler (http://cellprofiler.org/releases/) which was developed by the Broad Institute at Harvard or use custom MATLAB code. These typically utilize boundary tracing tools (https://www.mathworks.com/help/images/boundary-tracing-in-images.html or https://www.mathworks.com/help/images/ref/bwboundaries.html).
Symphotime (Analysis) can do that for you. If your confocal is manufactured by PicoQuant, then you can install that software and launch it via the hardlock. Also, check the following free software may be it can help.