INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
NASDAQ:INM - CA4576377002 - Common Stock
2.22 USD
+0.04 (+1.83%)
2.16 USD
-0.06 (-2.7%)
Taking everything into account, INM scores 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than INM.
INM is one of the lesser performing stocks in the Pharmaceuticals industry. 80% of 195 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 2.15 - 2.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
INM has an average volume of 2339590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 and the volatility has been reduced. 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
2.15
3.33
2 important support areas can be observed.
- Support @2.21 from a horizontal line in the weekly time frame.
- Support @2.17 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.33 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.51 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @3.30 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 | 4.41 | NEGATIVE | INM has a low relative strength, it was outperformed by 95.59% 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) | 40.03 | 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) | 26.73 | NEUTRAL | The Stochastics value for INM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for INM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for INM suggests a weak or negative 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)
2.22
+0.04 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.83%
1 Week-2.63%
2 Weeks-4.31%
1 Month-7.11%
3 Month-10.84%
6 Month-24.49%
12 Month-68.72%
2 Year-86.48%
3 Year-98.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.83%
ATR Inc-12.4%
Range Today0.06
ADR(20)0.08
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.41
Mansfield-4.32
10 Day High2.33
10 Day Low2.15
20 Day High2.4
20 Day Low2.15
52 Week High8.27
52 Week Low1.72
CS1 End2.21
CR1 Start2.33
Volume & EV
DER(3)4%
DER(5)5.3%
Volume26.80K
Volume Incr-53.32%
Vol(5)29.34K
Vol(50)2.34M