MIROMATRIX MEDICAL INC (MIRO) Stock Technical Analysis
NASDAQ:MIRO - US60471P1084 - Common Stock
3.39 USD
+0.02 (+0.59%)
3.39 USD
0 (0%)
Taking everything into account, MIRO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MIRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
MIRO is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry. MIRO outperforms 94% of them.
MIRO 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 MIRO is lagging the market slightly.
In the last month MIRO has a been trading in the 3.30 - 3.53 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the yearly performance of all stocks, we notice that MIRO is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although MIRO has an excellent technical rating, the quality of the presented setup is not ideal 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
3.44
When analyzing the support we can see 2 important areas.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.59%
1 Week-0.29%
2 Weeks0.59%
1 Month1.5%
3 Month149.27%
6 Month111.88%
12 Month17.71%
2 Year-27.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.27%
ATR Inc201.96%
Range Today0.17
ADR(20)0.04
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.98
Mansfield5.44
10 Day High3.53
10 Day Low3.32
20 Day High3.53
20 Day Low3.3
52 Week High3.73
52 Week Low0.91
CS1 End3.38
CR1 Start3.4
Volume & EV
DER(3)3.22%
DER(5)2.33%
Volume632.10K
Volume Incr57.73%
Vol(5)222.48K
Vol(50)213.22K