LARIMAR THERAPEUTICS INC (LRMR) Stock Technical Analysis
NASDAQ:LRMR - US5171251003 - Common Stock
3.62 USD
-0.29 (-7.42%)
3.75 USD
+0.13 (+3.59%)
Overall LRMR gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LRMR is only an average performer.
LRMR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
LRMR has an average volume of 1438310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LRMR turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
LRMR is part of the Biotechnology industry. There are 542 other stocks in this industry, LRMR did better than 59% of them.
In the last month LRMR has a been trading in the 3.17 - 4.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LRMR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.45
4.70
2 important support areas can be observed.
- A support zone ranging from 3.61 to 3.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.48 to 3.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- Resistance @3.92 from a horizontal line in the daily time frame.
- Resistance @4.02 from a horizontal line in the weekly time frame.
- Resistance @4.10 from a trend line in the daily time frame.
- Resistance @4.18 from a horizontal line in the daily time frame.
- Resistance @4.65 from a trend 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 | UP | POSITIVE | The long term trend for LRMR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LRMR is neutral. |
| ChartMill Relative Strength | 46.46 | NEUTRAL | LRMR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LRMR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LRMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LRMR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.35 | NEUTRAL | The RSI value for LRMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LRMR has a negative trend. |
| Stochastics (14,3) | 35.14 | NEUTRAL | The Stochastics value for LRMR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.97 | HIGH VOLATILITY | The high ATR as a percentage value for LRMR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.98 | NEUTRAL | The ADX value for LRMR suggests a possible start of a new trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.93 | 3.60 | 0.33 (8.40%) | 11.91% |
| An entry @3.93. This is a Buy Stop order right above the resistance zone. | An exit @3.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 8.40%. | When investing 11.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of LRMR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.62
-0.29 (-7.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.42%
1 Week-7.42%
2 Weeks-9.73%
1 Month5.23%
3 Month60.89%
6 Month19.47%
12 Month-54.24%
2 Year-2.69%
3 Year33.09%
5 Year-70.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%9.97%
ATR Inc5.48%
Range Today0.39
ADR(20)0.34
ADR(20)%9.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.46
Mansfield-2.17
10 Day High4.17
10 Day Low3.51
20 Day High4.41
20 Day Low3.18
52 Week High9.5
52 Week Low1.61
CS1 End3.61
CR1 Start3.92
Volume & EV
DER(3)1.62%
DER(5)1.41%
Volume1.40M
Volume Incr-35.36%
Vol(5)1.20M
Vol(50)1.44M