MEDIROM HEALTHCARE TECHNOLOG (MRM) Stock Technical Analysis
USA - NASDAQ:MRM - US58510H1032 - ADR
1.85 USD
+0.05 (+2.78%)
1.86 USD
+0.01 (+0.54%)
We assign a technical rating of 7 out of 10 to MRM. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MRM is a bad performer.
When comparing the yearly performance of all stocks, MRM is a bad performer in the overall market: 87% of all stocks are doing better.
MRM is part of the Diversified Consumer Services industry. There are 74 other stocks in this industry, of which 65% are performing better than MRM.
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.
The long and short term trends are both positive. This is looking good!
MRM has an average volume of 3340840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MRM has a been trading in the 1.42 - 2.08 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.
Besides having an excellent technical rating, MRM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.44
2.68
5 important support areas can be observed.
- A support zone ranging from 1.79 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.63 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.59 from a trend line in the weekly time frame.
- Support @1.51 from a trend line in the daily time frame.
- Support @1.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.45 from a trend line in the weekly time frame.
- Resistance @2.65 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 | UP | POSITIVE | The long term trend for MRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRM is up. |
| ChartMill Relative Strength | 13.21 | NEGATIVE | MRM has a low relative strength, it was outperformed by 86.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MRM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for MRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.11 | NEUTRAL | The Stochastics value for MRM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.17 | HIGH VOLATILITY | The high ATR as a percentage value for MRM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.04 | POSITIVE | The high ADX value value for MRM suggests a strong 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)
1.85
+0.05 (+2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg2.78%
1 Week-0.54%
2 Weeks18.59%
1 Month2.78%
3 Month23.76%
6 Month330.23%
12 Month-52.56%
2 Year-67.99%
3 Year-69.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%10.17%
ATR Inc-29.32%
Range Today0.14
ADR(20)0.18
ADR(20)%9.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.21
Mansfield0.76
10 Day High2.02
10 Day Low1.42
20 Day High2.08
20 Day Low1.42
52 Week High5.3
52 Week Low0.34
CS1 End1.79
CR1 Start1.9
Volume & EV
DER(3)-15.02%
DER(5)-6.5%
Volume119.50K
Volume Incr-91.58%
Vol(5)130.14K
Vol(50)3.34M