9 Meters Biopharma Inc. (INNT) Stock Technical Analysis
NASDAQ:INNT - Nasdaq -
Taking everything into account, INNT 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. INNT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, INNT is a bad performer in the overall market: 86% of all stocks are doing better.
INNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INNT is lagging the market.
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 INNT has a been trading in the 0.41 - 0.76 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.
INNT has an average technical rating and it also does not offer a high 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
0.46
0.62
When analyzing the support we notice one important area.
- Support @0.46 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.61 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 INNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INNT is up. |
| ChartMill Relative Strength | 14.45 | NEGATIVE | INNT has a low relative strength, it was outperformed by 85.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for INNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.39 | NEUTRAL | The Stochastics value for INNT is a neutral value. |
| Average True Range in percent/ATR (20) | 14.45 | HIGH VOLATILITY | The high ATR as a percentage value for INNT suggests high volalility. |
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)
0.56
-0.14 (-20.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-20.23%
1 Week-6.68%
2 Weeks26.53%
1 Month19.15%
3 Month-25.33%
6 Month-37.8%
12 Month-64.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%14.45%
ATR Inc108.84%
Range Today0.17
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.45
Mansfield-3.22
10 Day High0.76
10 Day Low0.43
20 Day High0.76
20 Day Low0.41
52 Week High1.67
52 Week Low0.37
CS1 End0.46
CR1 Start0.61
Volume & EV
DER(3)-4.36%
DER(5)-7.02%
Volume1.55M
Volume Incr177.59%
Vol(5)691.00K
Vol(50)300.11K