INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
USA - NASDAQ:INM - CA4576377002 - Common Stock
Taking everything into account, INM scores 0 out of 10 in our technical rating. 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.
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
1.71
4 important resistance areas can be observed.
- A resistance zone ranging from 1.74 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.90 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.98 from a trend line in the daily time frame.
- Resistance @2.17 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 | 5.22 | NEGATIVE | INM has a low relative strength, it was outperformed by 94.78% 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) | 36.31 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.5 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for INM suggests a strong trend. |
1.73
-0.01 (-0.57%)
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 current trend direction of INMED PHARMACEUTICALS INC (INM) stock?
The current trend direction for INMED PHARMACEUTICALS INC (INM) is Bearish.
What is the RSI signal for INM stock?
INMED PHARMACEUTICALS INC (INM) has an RSI value of 36.3117. This indicates that the stock is currently neutral.
What is the buy/sell signal for INM stock?
The buy/sell signal for INMED PHARMACEUTICALS INC (INM) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for INMED PHARMACEUTICALS INC (INM) stock?
INMED PHARMACEUTICALS INC (INM) has a resistance level at 1.74. Check the full technical report for our detailed analysis of INM support and resistance levels.