We assign a technical rating of 9 out of 10 to MIRO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MIRO is showing a nice and steady performance.
MIRO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.27
2 important support areas can be observed.
- A support zone ranging from 3.36 to 3.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.40 to 3.41. 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 MIRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIRO is up. |
| ChartMill Relative Strength | 96.98 | POSITIVE | MIRO has a high relative strength, it outperformed 96.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.32 | OVERBOUGHT | The high RSI value suggests MIRO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MIRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.3 | NEUTRAL | The Stochastics value for MIRO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for MIRO suggests low volalility. |
| Average Directional Index/ADX (14) | 62.28 | POSITIVE | The high ADX value value for MIRO suggests a strong 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 |
|---|---|---|---|
| 3.42 | 3.35 | 0.07 (2.05%) | 25.00% |
| An entry @3.42. This is a Buy Stop order right above the resistance zone. | An exit @3.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 2.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of MIRO. 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.
3.39
+0.02 (+0.59%)
MIROMATRIX MEDICAL INC / MIRO FAQ
What is the ChartMill technical rating of MIROMATRIX MEDICAL INC (MIRO) stock?
ChartMill assigns a technical rating of 8 / 10 to MIRO.
Can you provide the trend direction for MIROMATRIX MEDICAL INC?
The current trend direction for MIROMATRIX MEDICAL INC (MIRO) is Bullish.
What is the RSI signal for MIROMATRIX MEDICAL INC (MIRO) stock?
MIROMATRIX MEDICAL INC (MIRO) has an RSI value of 75.3168. This indicates that the stock is currently overbought.
Can you provide the MACD signal for MIROMATRIX MEDICAL INC?
The MACD indicator for MIROMATRIX MEDICAL INC (MIRO) has a value of -0.0638597, indicating a bearish trend.
What is the short term momentum for MIRO stock?
The short term momentum for MIROMATRIX MEDICAL INC (MIRO) is positive.