INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
NASDAQ:INM - Nasdaq - CA4576377002 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to INM. In the past year, INM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, INM is a bad performer in the overall market: 75% of all stocks are doing 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.
In the last month INM has a been trading in the 2.08 - 7.98 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
INM has an average volume of 1646340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
INM is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, INM did better than 54% of them.
INM has an average technical rating and it also does not offer a high 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
2.50
3.46
When analyzing the support we notice one important area.
- Support @2.53 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.34 to 3.43. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for INM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INM is neutral. |
| ChartMill Relative Strength | 25.94 | NEGATIVE | INM has a low relative strength, it was outperformed by 74.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of INM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.63 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests INM has a positive trend. |
| Stochastics (14,3) | 14.42 | OVERSOLD | The low Stochastics value suggests INM may be oversold. |
| Average True Range in percent/ATR (20) | 22.55 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 30.91 | POSITIVE | The high ADX value value for INM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.16
+0.18 (+6.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg6.04%
1 Week28.98%
2 Weeks17.04%
1 Month15.5%
3 Month15.75%
6 Month-42.55%
12 Month-32.88%
2 Year-82.95%
3 Year-98.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%22.55%
ATR Inc-26.43%
Range Today0.71
ADR(20)0.66
ADR(20)%21.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.94
Mansfield-2.64
10 Day High7.98
10 Day Low2.34
20 Day High7.98
20 Day Low2.08
52 Week High15.7
52 Week Low1.72
CS1 End2.53
CR1 Start3.34
Volume & EV
DER(3)3.5%
DER(5)3.4%
Volume438.80K
Volume Incr7091.58%
Vol(5)15.37M
Vol(50)1.65M