Inmune Bio Inc. Forecast and Stock Analysis
Technical INMB stock analysis for Monday June 24, 2019.
Inmune Bio Inc. fell by -6.55% in the last day ( Monday, 24th Jun 2019 ) from $9.85 to $9.21 and has now fallen 5 days in a row. During day the stock fluctuated 8.99% from a day low at $9.07 to a day high of $9.89. The price has fallen in 7 of the last 10 days and is down by -9.84% for this period. Volume has increased in the last day by 2 793 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 12 136 shares bought and sold for approximately $111 712.00.
- 30 day high of the INMB stock price was $11.50 and low was $9.07.
- 90 day high was $11.50 and low was $7.34.
- 52 week high for the Inmune Bio Inc. - $11.50 and low - $7.00.
Inmune Bio Inc. has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $9.25. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Inmune Bio Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10.09 and $10.43. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 11, 2019, which indicates further falls until a new bottom pivot has been found. Inmune Bio Inc. gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 31 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $8.60 and $7.65.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inmune Bio Inc. finds support just below today's level at $8.60. If this is broken, then the next support from accumulated volume will be at $7.65 and $7.45.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.82 (8.99%) between high and low. For the last week, the stock has had a daily average volatility of 4.30%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.30 %Average volatility
Very Low Low Medium High Very High
The Inmune Bio Inc. stock holds several negative signals and despite the positive trend we believe Inmune Bio Inc. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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