MIMECAST LTD (MIME) Stock Technical Analysis
NASDAQ:MIME • GB00BYT5JK65
We assign a technical rating of 10 out of 10 to MIME. Both in the recent history as in the last year, MIME has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MIME did better than 96% of all other stocks. On top of that, MIME also shows a nice and consistent pattern of rising prices.
- MIME is one of the better performing stocks in the Software industry, it outperforms 97% of 274 stocks in the same industry.
- MIME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MIME is lagging the market slightly.
- MIME has an average volume of 1390370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MIME has a been trading in a tight range between 79.43 and 79.96.
- Volume is considerably higher in the last couple of days.
MIME has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 79.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MIME in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
78.14
We found 1 important support area.
- A support zone ranging from 78.93 to 79.75. 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 80.27 to 80.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MIME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIME is up. |
| ChartMill Relative Strength | 96.18 | POSITIVE | MIME has a high relative strength, it outperformed 96.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.27 | NEUTRAL | The RSI value for MIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MIME has a positive trend. |
| Stochastics (14,3) | 87.28 | OVERBOUGHT | The high Stochastics value suggests MIME may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for MIME suggests low volalility. |
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 |
|---|---|---|---|
| 79.97 | 79.42 | 0.55 (0.69%) | 25.00% |
| An entry @79.97. This is a Buy Stop order right above the 10 day high. | An exit @79.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.55 points, which is 0.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
79.92
+0.03 (+0.04%)
MIMECAST LTD / MIME FAQ
What is the technical rating for MIME stock?
ChartMill assigns a technical rating of 9 / 10 to MIME.
What is the current trend direction of MIMECAST LTD (MIME) stock?
The current trend direction for MIMECAST LTD (MIME) is Bullish.
Can you provide the RSI signal for MIMECAST LTD?
MIMECAST LTD (MIME) has an RSI value of 62.2654. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MIMECAST LTD?
The short term momentum for MIMECAST LTD (MIME) is positive.
What is the buy/sell signal for MIME stock?
The buy/sell signal for MIMECAST LTD (MIME) is buy as both the short term and long term trends are positive.