INMED PHARMACEUTICALS INC (INM) Technical Analysis
NASDAQ:INM • CA4576377002
Current stock price
INM Technical Rating and Analysis
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.
- 97% of all other stocks performed better in the past year than INM.
- INM is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 82% are performing better than INM.
- 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.
- In the last month INM has a been trading in the 0.57 - 0.93 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
INM Weekly and Daily overview Charts
INM Setup Rating and Analysis
INM has a poor technical rating and the quality of the setup is also only medium 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
INM Support and Resistance Analysis
0.67
We can see 2 important resistance areas.
- A resistance zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.73 from a trend line in the daily time frame.
INM Technical Indicator Signal Analysis
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 | 3.17 | NEGATIVE | INM has a low relative strength, it was outperformed by 96.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INM is below 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) | 39.02 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests INM has a positive trend. |
| Stochastics (14,3) | 31.64 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.71 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for INM suggests a strong trend. |
INM Chart- and CandleStick Pattern Analysis
INM Technicals: Chart, Performance Metrics, Trend & Indicators
0.6804
-0.01 (-2.06%)
INMED PHARMACEUTICALS INC / INM TA 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.
What is the RSI signal for INMED PHARMACEUTICALS INC (INM) stock?
INMED PHARMACEUTICALS INC (INM) has an RSI value of 39.0169. This indicates that the stock is currently neutral.
What is the MACD signal for INMED PHARMACEUTICALS INC (INM) stock?
The MACD indicator for INMED PHARMACEUTICALS INC (INM) has a value of 0.000694707, indicating a bearish trend.
What is the support and resistance level for INM stock?
INMED PHARMACEUTICALS INC (INM) has a resistance level at 0.69. Check the full technical report for our detailed analysis of INM support and resistance levels.