We assign a technical rating of 9 out of 10 to MRAM. Both in the recent history as in the last year, MRAM has proven to be a steady performer, scoring decent points in every aspect analyzed.
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
7.19
3 important support areas can be observed.
- A support zone ranging from 7.78 to 7.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.40 from a trend line in the weekly time frame.
- Support @7.26 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.52 to 9.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 91.07 | POSITIVE | MRAM has a high relative strength, it outperformed 91.07% 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 | MIXED | The current price of MRAM is below 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) | 57.94 | NEUTRAL | The RSI value for MRAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests MRAM has a positive trend. |
| Stochastics (14,3) | 95.03 | OVERBOUGHT | The high Stochastics value suggests MRAM may be overbought. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for MRAM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for MRAM suggests a possible start of a new trend. |
9.34
-0.17 (-1.79%)
EVERSPIN TECHNOLOGIES INC / MRAM FAQ
Can you provide the ChartMill technical rating for EVERSPIN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 9 / 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 57.9421. 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 positive.
Can you provide the buy/sell signal for EVERSPIN TECHNOLOGIES INC?
The buy/sell signal for EVERSPIN TECHNOLOGIES INC (MRAM) is buy as both the short term and long term trends are positive.