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.
- When comparing the yearly performance of all stocks, INM is a bad performer in the overall market: 97% of all stocks are doing better.
- INM is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 84% are performing better than INM.
- 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 1.03 - 1.40 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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When analyzing the support we notice one important area.
- A support zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.17 from a trend line in the daily time frame.
- Resistance @1.19 from a trend line in the weekly 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 | 3.39 | NEGATIVE | INM has a low relative strength, it was outperformed by 96.61% 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) | 44.2 | 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) | 21.62 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.98 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for INM suggests a weak or negative trend. |
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+0.04 (+3.74%)
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 44.1973. 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 0.00524, 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.