Taking everything into account, INMD scores 0 out of 10 in our technical rating. 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.
INMD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.89, a Stop Loss order could be placed below this zone.
More info and screens
13.75
We found 1 important support area.
- Support @13.89 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 14.46 to 14.57. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 15.16 to 15.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for INMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INMD is neutral. |
| ChartMill Relative Strength | 21.19 | NEGATIVE | INMD has a low relative strength, it was outperformed by 78.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INMD is above 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) | 48.46 | NEUTRAL | The RSI value for INMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests INMD has a positive trend. |
| Stochastics (14,3) | 68.09 | NEUTRAL | The Stochastics value for INMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for INMD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.12 | NEUTRAL | The ADX value for INMD suggests a possible start of a new trend. |
14.42
+0.08 (+0.56%)
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 48.4632. 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 neutral.
What are the support and resistance levels for INMODE LTD (INMD) stock?
INMODE LTD (INMD) has a support level at 13.89 and a resistance level at 14.46. Check the full technical report for our detailed analysis of INMD support and resistance levels.