MEDIROM HEALTHCARE TECHNOLOG (MRM) Stock Technical Analysis
NASDAQ:MRM • US58510H1032
Overall MRM gets a technical rating of 1 out of 10. MRM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- MRM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MRM has a been trading in the 1.21 - 1.83 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.
- MRM is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 89% of 75 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that MRM is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
The technical rating of MRM 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
1.29
When analyzing the resistance we notice 3 important areas.
- Resistance @1.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.86 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.11 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MRM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRM is down. |
| ChartMill Relative Strength | 71.5 | POSITIVE | MRM has a high relative strength, it outperformed 71.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MRM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 16.3 | OVERSOLD | The low RSI value suggests MRM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.5 | NEUTRAL | The Stochastics value for MRM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.42 | HIGH VOLATILITY | The high ATR as a percentage value for MRM suggests high volalility. |
| Average Directional Index/ADX (14) | 53.75 | POSITIVE | The high ADX value value for MRM suggests a strong trend. |
1.3
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MEDIROM HEALTHCARE TECHNOLOG / MRM FAQ
What is the ChartMill technical rating of MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
ChartMill assigns a technical rating of 1 / 10 to MRM.
What is the current trend direction of MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
The current trend direction for MEDIROM HEALTHCARE TECHNOLOG (MRM) is Bearish.
What is the RSI signal for MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
MEDIROM HEALTHCARE TECHNOLOG (MRM) has an RSI value of 16.2993. This indicates that the stock is currently oversold.
What is the MACD signal for MRM stock?
The MACD indicator for MEDIROM HEALTHCARE TECHNOLOG (MRM) has a value of -0.0155399, indicating a bearish trend.
What are the support and resistance levels for MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
MEDIROM HEALTHCARE TECHNOLOG (MRM) has a resistance level at 1.82. Check the full technical report for our detailed analysis of MRM support and resistance levels.