EVERSPIN TECHNOLOGIES INC (MRAM) Stock Technical Analysis
NASDAQ:MRAM - Nasdaq - US30041T1043 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to MRAM. MRAM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month MRAM has a been trading in the 5.76 - 7.08 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, MRAM turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
MRAM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, MRAM did better than 55% 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.
Considerably lower volume is observed in the last couple of days.
The technical rating of MRAM is bad and it also does not present a 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
5.87
7.06
We found 1 important support area.
- A support zone ranging from 5.93 to 5.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.14 to 6.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.65 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.76 to 6.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.99 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 | NEUTRAL | NEUTRAL | The long term trend for MRAM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRAM is down. |
| ChartMill Relative Strength | 56.3 | NEUTRAL | MRAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRAM is below a declining 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) | DOWN | NEGATIVE | The current price of MRAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.74 | NEUTRAL | The RSI value for MRAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MRAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.41 | OVERSOLD | The low Stochastics value suggests MRAM may be oversold. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MRAM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | 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)
5.94
-0.02 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.34%
1 Week-6.01%
2 Weeks-11.34%
1 Month-13.79%
3 Month0%
6 Month5.88%
12 Month13.79%
2 Year-42.94%
3 Year-18.63%
5 Year2.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%3.97%
ATR Inc-8.62%
Range Today0.21
ADR(20)0.23
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.3
Mansfield-0.72
10 Day High6.68
10 Day Low5.76
20 Day High7.08
20 Day Low5.76
52 Week High7.08
52 Week Low4.34
CS1 End5.93
CR1 Start6.14
Volume & EV
DER(3)1.86%
DER(5)0.63%
Volume78.80K
Volume Incr-32.19%
Vol(5)66.94K
Vol(50)141.72K