MIRUM PHARMACEUTICALS INC (MIRM) Stock Technical Analysis
USA - NASDAQ:MIRM - US6047491013 - Common Stock
We assign a technical rating of 6 out of 10 to MIRM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, MIRM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.43, a Stop Loss order could be placed below this zone.
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38.46
We found 4 important support areas.
- A support zone ranging from 67.72 to 70.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.14 from a trend line in the daily time frame.
- Support @48.93 from a trend line in the weekly time frame.
- Support @38.85 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 77.69 to 77.69. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for MIRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MIRM is neutral. |
| ChartMill Relative Strength | 89.35 | POSITIVE | MIRM has a high relative strength, it outperformed 89.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MIRM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.57 | NEUTRAL | The RSI value for MIRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MIRM has a positive trend. |
| Stochastics (14,3) | 48.21 | NEUTRAL | The Stochastics value for MIRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for MIRM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.41 | NEGATIVE | The low ADX value for MIRM 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 |
|---|---|---|---|
| 77.70 | 67.71 | 9.99 (12.86%) | 7.78% |
| An entry @77.70. This is a Buy Stop order right above the resistance zone. | An exit @67.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.99 points, which is 12.86%. | For a 1.00% total portfolio risk, you can invest 7.78% 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.
71.44
+2.19 (+3.16%)
MIRUM PHARMACEUTICALS INC / MIRM FAQ
What is the technical rating for MIRM stock?
ChartMill assigns a technical rating of 6 / 10 to MIRM.
What is the current trend direction of MIRUM PHARMACEUTICALS INC (MIRM) stock?
The current trend direction for MIRUM PHARMACEUTICALS INC (MIRM) is Bullish.
Can you provide the RSI signal for MIRUM PHARMACEUTICALS INC?
MIRUM PHARMACEUTICALS INC (MIRM) has an RSI value of 51.5726. This indicates that the stock is currently neutral.
What are the support and resistance levels for MIRUM PHARMACEUTICALS INC (MIRM) stock?
MIRUM PHARMACEUTICALS INC (MIRM) has a support level at 70.43 and a resistance level at 77.69. Check the full technical report for our detailed analysis of MIRM support and resistance levels.