INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
NASDAQ:INM - Nasdaq - CA4576377002 - Common Stock - Currency: USD
Taking everything into account, INM scores 1 out of 10 in our technical rating. INM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, INM is a bad performer in the overall market: 93% of all stocks are doing better.
INM is one of the lesser performing stocks in the Pharmaceuticals industry. 72% of 194 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month INM has a been trading in the 2.26 - 5.50 range, which is quite wide. It is currently trading near the lows of this range.
INM has an average volume of 3951150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
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
2.33
3.57
When analyzing the support we can see 4 important areas.
- Support @2.57 from a trend line in the daily time frame.
- Support @2.48 from a horizontal line in the weekly time frame.
- Support @2.43 from a trend line in the daily time frame.
- Support @2.35 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.78 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.95 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.07 from a trend line in the weekly time frame.
- Resistance @3.53 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 | NEUTRAL | NEUTRAL | The long term trend for INM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INM is down. |
| ChartMill Relative Strength | 7.42 | NEGATIVE | INM has a low relative strength, it was outperformed by 92.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INM is below the rising 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) | 45.69 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests INM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.94 | OVERSOLD | The low Stochastics value suggests INM may be oversold. |
| Average True Range in percent/ATR (20) | 14.57 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 45.8 | 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)
NASDAQ:INM (7/18/2025, 8:00:02 PM)
2.67
+0.04 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.33%
1 Week-2.91%
2 Weeks-8.25%
1 Month6.37%
3 Month-1.7%
6 Month-46.06%
12 Month-49.57%
2 Year-88.08%
3 Year-98.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%14.57%
ATR Inc-66.64%
Range Today0.04
ADR(20)0.32
ADR(20)%12.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.42
Mansfield-3.63
10 Day High3.28
10 Day Low2.6
20 Day High5.5
20 Day Low2.26
52 Week High15.7
52 Week Low1.72
CS1 End2.57
CR1 Start2.78
Volume & EV
DER(3)-16.15%
DER(5)-4.04%
Volume53.30K
Volume Incr-93.82%
Vol(5)352.28K
Vol(50)3.95M