EVERSPIN TECHNOLOGIES INC (MRAM) Technical Analysis
NASDAQ:MRAM • US30041T1043
Current stock price
8.83 USD
-0.21 (-2.32%)
At close:
8.8507 USD
+0.02 (+0.23%)
After Hours:
MRAM Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MRAM. Although MRAM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month MRAM has a been trading in the 8.36 - 11.44 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, MRAM did better than 88% of all other stocks. We also observe that the gains produced by MRAM over the past year are nicely spread over this period.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MRAM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 56% of 115 stocks in the same industry.
- MRAM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MRAM is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
MRAM Weekly and Daily overview Charts
MRAM Setup Rating and Analysis
Although the technical rating is only medium, MRAM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 8.76, a Stop Loss order could be placed below this zone.
More info and screens
MRAM Support and Resistance Analysis
8.49
9.83
2 important support areas can be observed.
- A support zone ranging from 8.74 to 8.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.58 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.84 to 8.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.73 from a horizontal line in the daily time frame.
MRAM Technical Indicator Signal Analysis
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 | 88.95 | POSITIVE | MRAM has a high relative strength, it outperformed 88.95% off all stocks 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) | UP | MIXED | The current price of MRAM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.36 | NEUTRAL | The RSI value for MRAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests MRAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.16 | NEUTRAL | The Stochastics value for MRAM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for MRAM suggests high volalility. |
| Average Directional Index/ADX (14) | 15.98 | NEGATIVE | The low ADX value for MRAM suggests a weak or negative trend. |
MRAM Chart- and CandleStick Pattern Analysis
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)
MRAM Technicals: Chart, Performance Metrics, Trend & Indicators
8.83
-0.21 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.32%
1 Week0.91%
2 Weeks0.11%
1 Month-18.24%
3 Month-5.86%
6 Month7.42%
12 Month73.82%
2 Year11.49%
3 Year29.66%
5 Year47.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%7.55%
ATR Inc4.08%
Range Today0.39
ADR(20)0.58
ADR(20)%6.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.95
3 months CRS42.81
6 months CRS79.66
Mansfield1.08
10 Day High9.88
10 Day Low8.71
20 Day High11.44
20 Day Low8.36
52 Week High17.24
52 Week Low4.34
CS1 End8.76
CR1 Start8.84
Volume & EV
DER(3)-0.45%
DER(5)-0.91%
Volume242.30K
Volume Incr-40.06%
Vol(5)288.70K
Vol(50)777.75K
EVERSPIN TECHNOLOGIES INC / MRAM TA FAQ
Can you provide the ChartMill technical rating for EVERSPIN TECHNOLOGIES INC?
ChartMill assigns a technical rating of 4 / 10 to MRAM.
What is the trend direction for MRAM stock?
The current trend direction for EVERSPIN TECHNOLOGIES INC (MRAM) is Bearish.
Can you provide the RSI signal for EVERSPIN TECHNOLOGIES INC?
EVERSPIN TECHNOLOGIES INC (MRAM) has an RSI value of 40.3596. This indicates that the stock is currently neutral.
What is the short term momentum for MRAM stock?
The short term momentum for EVERSPIN TECHNOLOGIES INC (MRAM) is negative.