8.94 USD
+0.05 (+0.56%)
9.06 USD
+0.12 (+1.34%)
Taking everything into account, MRAM scores 7 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 may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MRAM is one of the better performing stocks in the market, outperforming 87% of all stocks.
MRAM is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, MRAM did better than 64% of them.
MRAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRAM is lagging the market.
In the last month MRAM has a been trading in the 7.35 - 9.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although MRAM has an excellent technical rating, it does not offer a high quality setup 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
7.31
9.83
When analyzing the support we can see 3 important areas.
- Support @8.43 from a horizontal line in the daily time frame.
- A support zone ranging from 7.91 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.38 to 7.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.10 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.33 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.73 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 | NEUTRAL | NEUTRAL | The short term trend for MRAM is neutral. |
| ChartMill Relative Strength | 87.72 | POSITIVE | MRAM has a high relative strength, it outperformed 87.72% 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) | DOWN | NEGATIVE | The current price of MRAM is below a declining 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) | 51.18 | NEUTRAL | The RSI value for MRAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MRAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.74 | NEUTRAL | The Stochastics value for MRAM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for MRAM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for MRAM suggests a weak or negative 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)
8.94
+0.05 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.56%
1 Week-2.4%
2 Weeks3.11%
1 Month16.56%
3 Month12.45%
6 Month48.51%
12 Month43.5%
2 Year-1.11%
3 Year60.79%
5 Year94.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%4.61%
ATR Inc4.95%
Range Today0.27
ADR(20)0.38
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.72
3 months CRS86.39
6 months CRS90.36
Mansfield1.96
10 Day High9.74
10 Day Low8.38
20 Day High9.74
20 Day Low7.35
52 Week High12.27
52 Week Low4.34
CS1 End8.43
CR1 Start9.1
Volume & EV
DER(3)0.86%
DER(5)1.35%
Volume102.00K
Volume Incr-35.19%
Vol(5)120.68K
Vol(50)252.55K
EVERSPIN TECHNOLOGIES INC / MRAM FAQ
Can you provide the ChartMill technical rating for EVERSPIN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 7 / 10 to MRAM.
Can you provide the trend direction for EVERSPIN TECHNOLOGIES INC?
The current trend direction for EVERSPIN TECHNOLOGIES INC (MRAM) is Bullish.
Can you provide the RSI signal for EVERSPIN TECHNOLOGIES INC?
EVERSPIN TECHNOLOGIES INC (MRAM) has an RSI value of 51.1754. This indicates that the stock is currently neutral.
What is the short term momentum for EVERSPIN TECHNOLOGIES INC (MRAM) stock?
The short term momentum for EVERSPIN TECHNOLOGIES INC (MRAM) is neutral.