Is InMed Pharmaceuticals, Inc. technically bullish or bearish?

As of 12 September 2025, the technical trend for InMed Pharmaceuticals, Inc. has changed from mildly bearish to bearish. The current stance is bearish, with key indicators supporting this view including a bearish signal from the daily moving averages and a bearish reading from the KST on the weekly timeframe. Although the MACD shows mildly bullish signals on both weekly and monthly charts, the overall trend remains bearish due to the prevailing bearish signals from Bollinger Bands and Dow Theory on the monthly timeframe.
In terms of performance, the stock has significantly underperformed the S&P 500 across multiple periods, with a year-to-date return of -50.21% compared to the S&P 500's 12.22%, and a one-year return of -57.6% versus 17.14% for the index.