Taking everything into account, MIRA scores 9 out of 10 in our technical rating. In the last year, MIRA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
MIRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.50, 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
1.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.44 from a trend line in the daily time frame.
- A support zone ranging from 1.34 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.31 from a trend line in the weekly time frame.
- Support @1.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.67 from a horizontal line in the weekly time frame.
- Resistance @1.74 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 MIRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIRA is up. |
| ChartMill Relative Strength | 86.03 | POSITIVE | MIRA has a high relative strength, it outperformed 86.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for MIRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MIRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.2 | NEUTRAL | The Stochastics value for MIRA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for MIRA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for MIRA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.65 | 1.47 | 0.18 (10.91%) | 9.17% |
| An entry @1.65. This is a Buy Stop order right above the resistance zone. | An exit @1.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.18 points, which is 10.91%. | For a 1.00% total portfolio risk, you can invest 9.17% 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.
1.54
-0.09 (-5.52%)
MIRA PHARMACEUTICALS INC / MIRA FAQ
What is the ChartMill technical rating of MIRA PHARMACEUTICALS INC (MIRA) stock?
ChartMill assigns a technical rating of 9 / 10 to MIRA.
What is the trend direction for MIRA stock?
The current trend direction for MIRA PHARMACEUTICALS INC (MIRA) is Bullish.
What is the RSI signal for MIRA stock?
MIRA PHARMACEUTICALS INC (MIRA) has an RSI value of 55.052. This indicates that the stock is currently neutral.
What is the short term momentum for MIRA stock?
The short term momentum for MIRA PHARMACEUTICALS INC (MIRA) is positive.
Can you provide the support and resistance levels for MIRA PHARMACEUTICALS INC?
MIRA PHARMACEUTICALS INC (MIRA) has a support level at 1.5 and a resistance level at 1.63. Check the full technical report for our detailed analysis of MIRA support and resistance levels.