IMMUNOME INC (IMNM) Stock Technical Analysis
NASDAQ:IMNM • US45257U1088
We assign a technical rating of 8 out of 10 to IMNM. In the last year, IMNM was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month IMNM has a been trading in the 21.39 - 27.65 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that IMNM is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, IMNM also shows a nice and consistent pattern of rising prices.
- IMNM is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 523 stocks in the same industry.
- IMNM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IMNM is lagging the market slightly.
- IMNM has an average volume of 2326170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
Although IMNM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.15 to 22.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.58 to 24.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IMNM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IMNM is down. |
| ChartMill Relative Strength | 95.09 | POSITIVE | IMNM has a high relative strength, it outperformed 95.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IMNM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IMNM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IMNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.23 | NEUTRAL | The RSI value for IMNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests IMNM has a negative trend. |
| Stochastics (14,3) | 6.32 | OVERSOLD | The low Stochastics value suggests IMNM may be oversold. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for IMNM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.99 | NEGATIVE | The low ADX value for IMNM suggests a weak or negative trend. |
22.16
-0.28 (-1.25%)
IMMUNOME INC / IMNM FAQ
What is the ChartMill technical rating of IMMUNOME INC (IMNM) stock?
ChartMill assigns a technical rating of 8 / 10 to IMNM.
What is the current trend direction of IMMUNOME INC (IMNM) stock?
The current trend direction for IMMUNOME INC (IMNM) is Bullish.
What is the RSI signal for IMNM stock?
IMMUNOME INC (IMNM) has an RSI value of 43.2259. This indicates that the stock is currently neutral.
What is the short term momentum for IMMUNOME INC (IMNM) stock?
The short term momentum for IMMUNOME INC (IMNM) is negative.
Can you provide the support and resistance levels for IMMUNOME INC?
IMMUNOME INC (IMNM) has a support level at 22.15 and a resistance level at 24.58. Check the full technical report for our detailed analysis of IMNM support and resistance levels.