INMODE LTD (INMD) Stock Technical Analysis
USA - NASDAQ:INMD - IL0011595993 - Common Stock
We assign a technical rating of 1 out of 10 to INMD. INMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of INMD is bad and it also does not present a 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.
More info and screens
13.14
When analyzing the support we notice one important area.
- A support zone ranging from 13.27 to 13.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @14.57 from a trend line in the daily time frame.
- A resistance zone ranging from 14.89 to 15.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.77 to 16.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for INMD is down. |
| ChartMill Relative Strength | 21.48 | NEGATIVE | INMD has a low relative strength, it was outperformed by 78.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INMD is below the rising 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) | 41 | NEUTRAL | The RSI value for INMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests INMD has a negative trend. |
| Stochastics (14,3) | 10.03 | OVERSOLD | The low Stochastics value suggests INMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for INMD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for INMD suggests a weak or negative trend. |
14.53
-0.1 (-0.68%)
INMODE LTD / INMD FAQ
Can you provide the ChartMill technical rating for INMODE LTD?
ChartMill assigns a technical rating of 1 / 10 to INMD.
What is the trend direction for INMD stock?
The current trend direction for INMODE LTD (INMD) is Bearish.
What is the RSI signal for INMODE LTD (INMD) stock?
INMODE LTD (INMD) has an RSI value of 41.0026. This indicates that the stock is currently neutral.
What is the short term momentum for INMODE LTD (INMD) stock?
The short term momentum for INMODE LTD (INMD) is negative.
What are the support and resistance levels for INMODE LTD (INMD) stock?
INMODE LTD (INMD) has a support level at 14.57 and a resistance level at 14.89. Check the full technical report for our detailed analysis of INMD support and resistance levels.