LARIMAR THERAPEUTICS INC (LRMR) Stock Technical Analysis
NASDAQ:LRMR - Nasdaq - US5171251003 - Common Stock - Currency: USD
Taking everything into account, LRMR scores 3 out of 10 in our technical rating. In the past year, LRMR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, LRMR is a bad performer in the overall market: 92% of all stocks are doing better.
LRMR is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 62% are performing better than LRMR.
LRMR is currently trading in the lower part 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.
LRMR has an average volume of 1279500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month LRMR has a been trading in the 1.80 - 3.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of LRMR is bad and it also does not present a quality setup 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
1.85
3.21
2 important support areas can be observed.
- Support @1.92 from a trend line in the weekly time frame.
- Support @1.87 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.75 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.90 from a trend line in the daily time frame.
- Resistance @3.18 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for LRMR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LRMR is neutral. |
| ChartMill Relative Strength | 8.29 | NEGATIVE | LRMR has a low relative strength, it was outperformed by 91.71% 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) | DOWN | NEGATIVE | The current price of LRMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.51 | NEUTRAL | The RSI value for LRMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests LRMR has a negative trend. |
| Stochastics (14,3) | 41.07 | NEUTRAL | The Stochastics value for LRMR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.11 | HIGH VOLATILITY | The high ATR as a percentage value for LRMR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.2 | POSITIVE | The high ADX value value for LRMR suggests a strong 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)
2.42
-0.17 (-6.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.56%
1 Week-15.97%
2 Weeks-9.7%
1 Month25.39%
3 Month2.98%
6 Month-38.89%
12 Month-66.62%
2 Year-22.68%
3 Year23.47%
5 Year-81.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%11.11%
ATR Inc81.52%
Range Today0.74
ADR(20)0.27
ADR(20)%11.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.29
Mansfield-5.43
10 Day High3.23
10 Day Low2.22
20 Day High3.23
20 Day Low1.8
52 Week High11.2
52 Week Low1.61
CS1 End1.92
CR1 Start2.75
Volume & EV
DER(3)-5.86%
DER(5)-3.37%
Volume3.07M
Volume Incr6.92%
Vol(5)1.31M
Vol(50)1.28M