INMED PHARMACEUTICALS INC (INM) Technical Analysis
NASDAQ:INM • CA4576377002
Overall INM gets a technical rating of 0 out of 10. INM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than INM.
- INM is one of the lesser performing stocks in the Pharmaceuticals industry. 77% of 193 stocks in the same industry do better.
- INM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so INM is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month INM has a been trading in the 0.73 - 1.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of INM is bad and it also does not present a quality setup 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
0.88
3 important resistance areas can be observed.
- A resistance zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.05 from a trend line in the daily time frame.
- Resistance @1.26 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for INM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INM is down. |
| ChartMill Relative Strength | 4.31 | NEGATIVE | INM has a low relative strength, it was outperformed by 95.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INM has a positive trend. |
| Stochastics (14,3) | 73.2 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for INM suggests a possible start of a new trend. |
INM Technicals: Chart, Performance Metrics, Trend & Indicators
0.8857
-0.03 (-3.73%)
INMED PHARMACEUTICALS INC / INM FAQ
What is the ChartMill technical rating of INMED PHARMACEUTICALS INC (INM) stock?
ChartMill assigns a technical rating of 0 / 10 to INM.
What is the trend direction for INM stock?
The current trend direction for INMED PHARMACEUTICALS INC (INM) is Bearish.
Can you provide the RSI signal for INMED PHARMACEUTICALS INC?
INMED PHARMACEUTICALS INC (INM) has an RSI value of 45.7146. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INMED PHARMACEUTICALS INC?
The MACD indicator for INMED PHARMACEUTICALS INC (INM) has a value of 0.0147584, indicating a bearish trend.
Can you provide the short term momentum for INMED PHARMACEUTICALS INC?
The short term momentum for INMED PHARMACEUTICALS INC (INM) is negative.