INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
NASDAQ:INM - Nasdaq - CA4576377002 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to INM. In the last year, INM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
INM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month INM has a been trading in the 2.26 - 7.98 range, which is quite wide. It is currently trading near the lows of this range.
INM is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. INM outperforms 85% of them.
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 3895960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that INM is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although INM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.39
8.26
We found 1 important support area.
- Support @2.41 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.78 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.56 from a trend line in the weekly time frame.
- Resistance @8.18 from a horizontal 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 | 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 | 88.46 | POSITIVE | INM has a high relative strength, it outperformed 88.46% 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) | DOWN | NEGATIVE | The current price of INM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.75 | NEUTRAL | The RSI value for INM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests INM has a positive trend. |
| Stochastics (14,3) | 36.73 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 19.2 | HIGH VOLATILITY | The high ATR as a percentage value for INM suggests high volalility. |
| Average Directional Index/ADX (14) | 43.71 | 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 (6/26/2025, 9:33:07 AM)
3.62
-0.17 (-4.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.49%
1 Week60.59%
2 Weeks36.82%
1 Month36.33%
3 Month83.98%
6 Month-20.04%
12 Month-28.63%
2 Year-79.55%
3 Year-98.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%19.2%
ATR Inc495.44%
Range Today0.08
ADR(20)0.63
ADR(20)%17.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.46
Mansfield-1.06
10 Day High5.5
10 Day Low2.26
20 Day High7.98
20 Day Low2.26
52 Week High15.7
52 Week Low1.72
CS1 End2.41
CR1 Start7.56
Volume & EV
DER(3)1.7%
DER(5)6.32%
Volume39.61K
Volume Incr471.17%
Vol(5)22.39M
Vol(50)3.90M