LARIMAR THERAPEUTICS INC (LRMR) Technical Analysis
NASDAQ:LRMR • US5171251003
Current stock price
LRMR Technical Rating and Analysis
Overall LRMR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, LRMR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, LRMR did better than 91% of all other stocks.
- LRMR is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 518 stocks in the same industry.
- LRMR has an average volume of 4736320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LRMR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LRMR is lagging the market slightly.
- In the last month LRMR has a been trading in the 2.71 - 6.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
LRMR Weekly and Daily overview Charts
LRMR Setup Rating and Analysis
Although LRMR has an excellent technical rating, it does not present a decent entry opportunity 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
LRMR Support and Resistance Analysis
2.81
We found 2 important support areas.
- Support @3.08 from a trend line in the weekly time frame.
- A support zone ranging from 2.84 to 2.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.13 to 5.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.53 from a trend line in the daily time frame.
LRMR Technical Indicator Signal Analysis
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 | 91.88 | POSITIVE | LRMR has a high relative strength, it outperformed 91.88% off all stocks 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) | UP | POSITIVE | The current price of LRMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.28 | NEUTRAL | The RSI value for LRMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests LRMR has a negative trend. |
| Stochastics (14,3) | 39.65 | NEUTRAL | The Stochastics value for LRMR is a neutral value. |
| Average True Range in percent/ATR (20) | 12.95 | HIGH VOLATILITY | The high ATR as a percentage value for LRMR suggests high volalility. |
| Average Directional Index/ADX (14) | 35.25 | POSITIVE | The high ADX value value for LRMR suggests a strong trend. |
LRMR Chart- and CandleStick Pattern Analysis
LRMR Technicals: Chart, Performance Metrics, Trend & Indicators
4.4
-0.19 (-4.24%)
LARIMAR THERAPEUTICS INC / LRMR TA FAQ
What is the technical rating for LRMR stock?
ChartMill assigns a technical rating of 9 / 10 to LRMR.
What is the trend direction for LRMR stock?
The current trend direction for LARIMAR THERAPEUTICS INC (LRMR) is Bullish.
What is the RSI signal for LRMR stock?
LARIMAR THERAPEUTICS INC (LRMR) has an RSI value of 48.2839. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LARIMAR THERAPEUTICS INC?
The MACD indicator for LARIMAR THERAPEUTICS INC (LRMR) has a value of -0.0944309, indicating a bearish trend.
What is the support and resistance level for LRMR stock?
LARIMAR THERAPEUTICS INC (LRMR) has a support level at 3.08 and a resistance level at 5.13. Check the full technical report for our detailed analysis of LRMR support and resistance levels.