MIRUM PHARMACEUTICALS INC (MIRM) Technical Analysis
NASDAQ:MIRM • US6047491013
Current stock price
MIRM Technical Rating and Analysis
Taking everything into account, MIRM scores 8 out of 10 in our technical rating. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MIRM did better than 90% of all other stocks. On top of that, MIRM also shows a nice and consistent pattern of rising prices.
- MIRM is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 515 stocks in the same industry.
- MIRM 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 MIRM is lagging the market slightly.
- In the last month MIRM has a been trading in the 86.97 - 99.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MIRM Weekly and Daily overview Charts
MIRM Setup Rating and Analysis
Besides having an excellent technical rating, MIRM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 86.30, a Stop Loss order could be placed below this zone.
More info and screens
MIRM Support and Resistance Analysis
56.22
We found 4 important support areas.
- A support zone ranging from 86.30 to 86.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.24 from a trend line in the weekly time frame.
- Support @76.27 from a trend line in the daily time frame.
- Support @56.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 94.52 to 95.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @98.95 from a horizontal line in the daily time frame.
MIRM 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 MIRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MIRM is neutral. |
| ChartMill Relative Strength | 90.23 | POSITIVE | MIRM has a high relative strength, it outperformed 90.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MIRM is below the rising 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) | 46.35 | NEUTRAL | The RSI value for MIRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests MIRM has a negative trend. |
| Stochastics (14,3) | 16.59 | OVERSOLD | The low Stochastics value suggests MIRM may be oversold. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for MIRM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for MIRM suggests a weak or negative trend. |
MIRM Chart- and CandleStick Pattern Analysis
MIRM 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 |
|---|---|---|---|
| 95.09 | 89.99 | 5.10 (5.36%) | 18.65% |
| An entry @95.09. This is a Buy Stop order right above the resistance zone. | An exit @89.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.10 points, which is 5.36%. | When investing 18.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
MIRM Technicals: Chart, Performance Metrics, Trend & Indicators
92.48
+0.99 (+1.08%)
MIRUM PHARMACEUTICALS INC / MIRM TA FAQ
What is the technical rating for MIRM stock?
ChartMill assigns a technical rating of 8 / 10 to MIRM.
Can you provide the trend direction for MIRUM PHARMACEUTICALS INC?
The current trend direction for MIRUM PHARMACEUTICALS INC (MIRM) is Bullish.
What is the RSI signal for MIRM stock?
MIRUM PHARMACEUTICALS INC (MIRM) has an RSI value of 46.3548. This indicates that the stock is currently neutral.
What is the short term momentum for MIRUM PHARMACEUTICALS INC (MIRM) stock?
The short term momentum for MIRUM PHARMACEUTICALS INC (MIRM) is neutral.
What is the support and resistance level for MIRM stock?
MIRUM PHARMACEUTICALS INC (MIRM) has a support level at 86.3 and a resistance level at 94.52. Check the full technical report for our detailed analysis of MIRM support and resistance levels.