INMED PHARMACEUTICALS INC (INM) Stock Technical Analysis
NASDAQ:INM - Nasdaq - CA4576377002 - Common Stock - Currency: USD
Taking everything into account, INM scores 0 out of 10 in our technical rating. INM 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, INM is a bad performer in the overall market: 96% of all stocks are doing better.
INM is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 77% are performing better than INM.
INM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month INM has a been trading in the 2.86 - 4.36 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
INM 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
3.03
7.13
When analyzing the support we notice one important area.
- A support zone ranging from 3.06 to 3.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 3.14 to 3.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.40 from a horizontal line in the daily time frame.
- Resistance @4.24 from a trend line in the daily time frame.
- Resistance @4.63 from a trend line in the daily time frame.
- Resistance @7.06 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.55
Mansfield-4.43
10 Day High3.48
10 Day Low3.03
20 Day High4.36
20 Day Low2.86
52 Week High15.7
52 Week Low2.41
Performance
1 Week0.65%
2 Weeks-0.32%
1 Month-25.71%
3 Month-33.05%
6 Month-60.77%
12 Month-61.64%
2 Year-88.27%
3 Year-99.34%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)37.84
LBB2.99
UBB3.34
3.12
-0.27 (-7.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-7.96%
1 Week0.65%
2 Weeks-0.32%
1 Month-25.71%
3 Month-33.05%
6 Month-60.77%
12 Month-61.64%
2 Year-88.27%
3 Year-99.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.33%
ATR Inc2.2%
Range Today0.31
ADR(20)0.26
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.55
Mansfield-4.43
10 Day High3.48
10 Day Low3.03
20 Day High4.36
20 Day Low2.86
52 Week High15.7
52 Week Low2.41
CS1 End3.11
CR1 Start3.14
Volume & EV
DER(3)-2.09%
DER(5)2.13%
Volume36.50K
Volume Incr-95.53%
Vol(5)63.52K
Vol(50)586.22K