EVERSPIN TECHNOLOGIES INC (MRAM) Stock Technical Analysis
NASDAQ:MRAM - Nasdaq - US30041T1043 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to MRAM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRAM is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MRAM 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 MRAM is lagging the market slightly.
MRAM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that MRAM is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MRAM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% of 110 stocks in the same industry.
MRAM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 6.25, a Stop Loss order could be placed below this zone.
More info and screens
5.64
7.07
3 important support areas can be observed.
- A support zone ranging from 6.12 to 6.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.01 from a trend line in the daily time frame.
- Support @5.70 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @6.85 from a horizontal line in the weekly time frame.
- Resistance @7.00 from a horizontal line 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 MRAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRAM is up. |
| ChartMill Relative Strength | 76.82 | POSITIVE | MRAM has a high relative strength, it outperformed 76.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRAM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.53 | NEUTRAL | The RSI value for MRAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MRAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.89 | NEUTRAL | The Stochastics value for MRAM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for MRAM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.36 | NEUTRAL | The ADX value for MRAM suggests a possible start of a new 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 |
|---|---|---|---|
| 6.86 | 6.11 | 0.75 (10.93%) | 9.15% |
| An entry @6.86. This is a Buy Stop order right above the resistance zone. | An exit @6.11. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.75 points, which is 10.93%. | For a 1.00% total portfolio risk, you can invest 9.15% 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.
NASDAQ:MRAM (7/15/2025, 10:03:58 AM)
6.6125
-0.04 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.56%
1 Week-1.04%
2 Weeks6.57%
1 Month9.02%
3 Month29.88%
6 Month5.22%
12 Month9.02%
2 Year-30.8%
3 Year8.84%
5 Year-20.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%3.84%
ATR Inc4.46%
Range Today0.15
ADR(20)0.25
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.82
Mansfield0.46
10 Day High7.02
10 Day Low6
20 Day High7.02
20 Day Low5.7
52 Week High7.02
52 Week Low4.34
CS1 End6.25
CR1 Start6.85
Volume & EV
DER(3)-0.82%
DER(5)0.63%
Volume29.67K
Volume Incr-62.33%
Vol(5)84.02K
Vol(50)139.51K