INMUNE BIO INC (INMB) Stock Technical Analysis
NASDAQ:INMB - Nasdaq - US45782T1051 - Common Stock - Currency: USD
Overall INMB gets a technical rating of 6 out of 10. Although INMB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
INMB is part of the Biotechnology industry. There are 557 other stocks in this industry. INMB outperforms 73% of them.
When compared to the yearly performance of all other stocks, INMB outperforms 53% of them, which is more or less in line with the market.
INMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INMB is lagging the market.
In the last month INMB has a been trading in the 7.01 - 8.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, INMB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.03. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.89
8.71
When analyzing the support we can see 3 important areas.
- Support @8.01 from a trend line in the daily time frame.
- A support zone ranging from 7.45 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.96 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.03 to 8.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.24 from a horizontal line in the daily time frame.
- Resistance @8.62 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 | UP | POSITIVE | The long term trend for INMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INMB is neutral. |
| ChartMill Relative Strength | 53.83 | NEUTRAL | INMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.64 | NEUTRAL | The RSI value for INMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests INMB has a positive trend. |
| Stochastics (14,3) | 67.97 | NEUTRAL | The Stochastics value for INMB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for INMB suggests high volalility. |
| Average Directional Index/ADX (14) | 13.03 | NEGATIVE | The low ADX value for INMB 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.11 | 8.00 | 0.11 (1.36%) | 25.00% |
| An entry @8.11. This is a Buy Stop order right above the resistance zone. | An exit @8.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 1.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.34%. |
- The distance between exit and entry is rather small compared to the average daily movement of INMB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.02
+0.32 (+4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.16%
1 Week4.84%
2 Weeks11.54%
1 Month2.04%
3 Month-1.23%
6 Month82.27%
12 Month8.23%
2 Year-11.67%
3 Year-9.28%
5 Year52.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%5.91%
ATR Inc-19.42%
Range Today0.45
ADR(20)0.45
ADR(20)%5.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.83
Mansfield0.98
10 Day High8.29
10 Day Low7.01
20 Day High8.29
20 Day Low7.01
52 Week High10.5
52 Week Low4.32
CS1 End8.01
CR1 Start8.03
Volume & EV
DER(3)-0.37%
DER(5)2.31%
Volume672.00K
Volume Incr87.21%
Vol(5)712.18K
Vol(50)346.44K