MATTRESS FIRM HLDG CORP (MFRM) Technical Analysis
NASDAQ:MFRM • US57722W1062
Current stock price
MFRM Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MFRM. Both in the recent history as in the last year, MFRM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MFRM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MFRM is leading the market.
- When comparing the yearly performance of all stocks, we notice that MFRM is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month MFRM has a been trading in a tight range between 63.44 and 64.27.
MFRM Weekly and Daily overview Charts
MFRM Setup Rating and Analysis
Besides having an excellent technical rating, MFRM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
MFRM Support and Resistance Analysis
63.23
When analyzing the support we notice one important area.
- A support zone ranging from 63.87 to 63.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.03 to 64.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
MFRM 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 MFRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFRM is up. |
| ChartMill Relative Strength | 96.46 | POSITIVE | MFRM has a high relative strength, it outperformed 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MFRM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MFRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 88.46 | OVERBOUGHT | The high RSI value suggests MFRM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.06 | NEGATIVE | The MACD value suggests MFRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.29 | OVERBOUGHT | The high Stochastics value suggests MFRM may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for MFRM suggests low volalility. |
MFRM Chart- and CandleStick Pattern Analysis
MFRM Example Setup
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 |
|---|---|---|---|
| 64.08 | 63.87 | 0.21 (0.33%) | 25.00% |
| An entry @64.08. This is a Buy Stop order right above the resistance zone. | An exit @63.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 0.33%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
MFRM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:MFRM (9/16/2016, 8:10:00 PM)
64.02
-0.01 (-0.02%)
MATTRESS FIRM HLDG CORP / MFRM TA FAQ
What is the ChartMill technical rating of MATTRESS FIRM HLDG CORP (MFRM) stock?
ChartMill assigns a technical rating of 7 / 10 to MFRM.
What is the current trend direction of MATTRESS FIRM HLDG CORP (MFRM) stock?
The current trend direction for MATTRESS FIRM HLDG CORP (MFRM) is Bullish.
Can you provide the RSI signal for MATTRESS FIRM HLDG CORP?
MATTRESS FIRM HLDG CORP (MFRM) has an RSI value of 88.4558. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MATTRESS FIRM HLDG CORP?
The MACD indicator for MATTRESS FIRM HLDG CORP (MFRM) has a value of -1.0648, indicating a bearish trend.
Can you provide the support and resistance levels for MATTRESS FIRM HLDG CORP?
MATTRESS FIRM HLDG CORP (MFRM) has a support level at 63.96 and a resistance level at 64.03. Check the full technical report for our detailed analysis of MFRM support and resistance levels.