INMODE LTD (INMD) Stock Technical Analysis
USA - NASDAQ:INMD - IL0011595993 - Common Stock
Overall INMD gets a technical rating of 0 out of 10. INMD'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.
INMD has a poor technical rating and the quality of the setup is also not perfect 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
14.31
4 important resistance areas can be observed.
- A resistance zone ranging from 14.81 to 15.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.71 from a trend line in the daily time frame.
- A resistance zone ranging from 16.02 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 | 20.65 | NEGATIVE | INMD has a low relative strength, it was outperformed by 79.35% 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) | DOWN | NEGATIVE | The current price of INMD is below 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) | 38.54 | NEUTRAL | The RSI value for INMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests INMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.13 | OVERSOLD | The low Stochastics value suggests INMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for INMD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.18 | NEGATIVE | The low ADX value for INMD suggests a weak or negative trend. |
14.45
+0.01 (+0.07%)
INMODE LTD / INMD FAQ
Can you provide the ChartMill technical rating for INMODE LTD?
ChartMill assigns a technical rating of 0 / 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 38.5362. 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 resistance level at 14.81. Check the full technical report for our detailed analysis of INMD support and resistance levels.