MIRUM PHARMACEUTICALS INC (MIRM) Technical Analysis
NASDAQ:MIRM • US6047491013
Current stock price
MIRM Technical Rating and Analysis
Taking everything into account, MIRM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MIRM 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.
- When comparing the yearly performance of all stocks, we notice that MIRM is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, MIRM also shows a nice and consistent pattern of rising prices.
- MIRM is part of the Biotechnology industry. There are 517 other stocks in this industry. MIRM outperforms 77% of them.
- MIRM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MIRM is performing more or less in line with the market.
- In the last month MIRM has a been trading in the 84.33 - 97.51 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
MIRM Weekly and Daily overview Charts
MIRM Setup Rating and Analysis
MIRM has an excellent technical rating and 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 96.16. Right above this resistance zone may be a good entry point.
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MIRM Support and Resistance Analysis
38.46
When analyzing the support we can see 6 important areas.
- A support zone ranging from 90.24 to 90.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @77.19 from a trend line in the weekly time frame.
- Support @74.33 from a trend line in the daily time frame.
- Support @55.48 from a trend line in the weekly time frame.
- Support @38.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 96.16 to 96.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for MIRM is up. |
| ChartMill Relative Strength | 93.15 | POSITIVE | MIRM has a high relative strength, it outperformed 93.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MIRM is below the rising 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) | 53.85 | NEUTRAL | The RSI value for MIRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests MIRM has a positive trend. |
| Stochastics (14,3) | 71.32 | NEUTRAL | The Stochastics value for MIRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for MIRM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.56 | 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 |
|---|---|---|---|
| 96.56 | 90.23 | 6.33 (6.56%) | 15.25% |
| An entry @96.56. This is a Buy Stop order right above the resistance zone. | An exit @90.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.33 points, which is 6.56%. | For a 1.00% total portfolio risk, you can invest 15.25% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MIRM. Please evaluate whether better entry and exit points can be found.
- 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
94.17
-0.45 (-0.48%)
MIRUM PHARMACEUTICALS INC / MIRM TA FAQ
What is the technical rating for MIRM stock?
ChartMill assigns a technical rating of 10 / 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 53.8508. 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 positive.
What is the support and resistance level for MIRM stock?
MIRUM PHARMACEUTICALS INC (MIRM) has a support level at 90.61 and a resistance level at 96.16. Check the full technical report for our detailed analysis of MIRM support and resistance levels.