Logo image of INM

INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis

NASDAQ:INM - Nasdaq - CA4576377002 - Common Stock - Currency: USD

3.16  +0.18 (+6.04%)

Premarket: 2.98 -0.18 (-5.7%)

Technical Rating and Analysis

4

We assign a technical rating of 4 out of 10 to INM. In the past year, INM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, INM is a bad performer in the overall market: 75% of all stocks are doing better.
INM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so INM is lagging the market.
In the last month INM has a been trading in the 2.08 - 7.98 range, which is quite wide. It is currently trading near the lows of this range.
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 1646340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
INM is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, INM did better than 54% of them.
Weekly and Daily overview Charts
INMED PHARMACEUTICALS INC / INM Weekly stock chart
INMED PHARMACEUTICALS INC / INM Daily stock chart
Setup Rating and Analysis

3

INM has an average technical rating and it also does not offer a high 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.

Support and Resistance Analysis

2.50

3.46

When analyzing the support we notice one important area.

  • Support @2.53 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 3.34 to 3.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for INM is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for INM is neutral.
ChartMill Relative Strength25.94NEGATIVEINM has a low relative strength, it was outperformed by 74.06% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of INM is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of INM is above the rising SMA(50).
Simple Moving Average/SMA (200)UPMIXEDThe current price of INM is below the rising SMA(200).
Relative Strength Index/RSI (14)55.63NEUTRALThe RSI value for INM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.04POSITIVEThe MACD value suggests INM has a positive trend.
Stochastics (14,3)14.42OVERSOLDThe low Stochastics value suggests INM may be oversold.
Average True Range in percent/ATR (20)22.55HIGH VOLATILITYThe high ATR as a percentage value for INM suggests high volalility.
Average Directional Index/ADX (14)30.91POSITIVEThe high ADX value value for INM suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
INMED PHARMACEUTICALS INC / INM Daily stock chart

INMED PHARMACEUTICALS INC

NASDAQ:INM (6/5/2025, 8:00:02 PM)

Premarket: 2.98 -0.18 (-5.7%)

3.16

+0.18 (+6.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg6.04%
1 Week28.98%
2 Weeks17.04%
1 Month15.5%
3 Month15.75%
6 Month-42.55%
12 Month-32.88%
2 Year-82.95%
3 Year-98.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%22.55%
ATR Inc-26.43%
Range Today0.71
ADR(20)0.66
ADR(20)%21.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.94
Mansfield-2.64
10 Day High7.98
10 Day Low2.34
20 Day High7.98
20 Day Low2.08
52 Week High15.7
52 Week Low1.72
CS1 End2.53
CR1 Start3.34
Volume & EV
DER(3)3.5%
DER(5)3.4%
Volume438.80K
Volume Incr7091.58%
Vol(5)15.37M
Vol(50)1.65M