Is InMed Pharmaceuticals, Inc. technically bullish or bearish?

Jun 25 2025 08:49 AM IST
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As of June 11, 2025, InMed Pharmaceuticals, Inc. is in a mildly bearish trend due to daily moving averages indicating bearish momentum, despite some mixed signals from weekly indicators suggesting caution in the market.
As of 11 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven primarily by the daily moving averages indicating bearish momentum. While the weekly MACD and KST are mildly bullish, the overall sentiment is tempered by the bearish signals from the Bollinger Bands and the Dow Theory on a weekly basis. The RSI shows no signal, suggesting a lack of strong momentum in either direction. Overall, the mixed indicators suggest caution in the current market environment for InMed Pharmaceuticals, Inc.
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