INMODE LTD (INMD) Stock Technical Analysis
USA - NASDAQ:INMD - IL0011595993 - Common Stock
14.93 USD
-0.03 (-0.2%)
15.17 USD
+0.24 (+1.61%)
Taking everything into account, INMD scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. INMD was also a bad performer in the overall market in the last year.
72% of all other stocks performed better in the past year than INMD.
INMD 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month INMD has a been trading in the 14.02 - 15.48 range, which is quite wide. It is currently trading near the high of this range.
INMD has an average volume of 1042070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
INMD is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, INMD did better than 58% of them.
Although the technical rating is only medium, INMD does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.82, a Stop Loss order could be placed below this zone.
More info and screens
13.14
19.32
3 important support areas can be observed.
- A support zone ranging from 14.52 to 14.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.89 to 14.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.27 to 13.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.97 to 15.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.13 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 INMD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INMD is up. |
| ChartMill Relative Strength | 28.24 | NEGATIVE | INMD has a low relative strength, it was outperformed by 71.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INMD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.27 | NEUTRAL | The RSI value for INMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests INMD has a negative trend. |
| Stochastics (14,3) | 52.9 | NEUTRAL | The Stochastics value for INMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for INMD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for INMD 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)
14.93
-0.03 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.2%
1 Week-0.6%
2 Weeks2.89%
1 Month5.29%
3 Month12.42%
6 Month-19.86%
12 Month-14.29%
2 Year-50.98%
3 Year-48.71%
5 Year-17.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%2.83%
ATR Inc14.2%
Range Today0.56
ADR(20)0.4
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.24
Mansfield-1.74
10 Day High15.48
10 Day Low14.28
20 Day High15.48
20 Day Low14.02
52 Week High19.85
52 Week Low13.14
CS1 End14.82
CR1 Start14.97
Volume & EV
DER(3)-0.1%
DER(5)0.27%
Volume640.80K
Volume Incr-31.56%
Vol(5)693.74K
Vol(50)1.04M