MEDIROM HEALTHCARE TECHNOLOG (MRM) Stock Technical Analysis
NASDAQ:MRM - Nasdaq - US58510H1032 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to MRM. MRM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MRM is a bad performer in the overall market: 77% of all stocks are doing better.
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.
MRM is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry, MRM did better than 49% of them.
In the last month MRM has a been trading in the 1.11 - 1.45 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.
MRM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for MRM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.17
1.44
When analyzing the support we can see 2 important areas.
- Support @1.24 from a horizontal line in the weekly time frame.
- Support @1.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.42 to 1.43. 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 | 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 | 23.74 | NEGATIVE | MRM has a low relative strength, it was outperformed by 76.26% 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) | DOWN | NEGATIVE | The current price of MRM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.77 | NEUTRAL | The RSI value for MRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.02 | NEUTRAL | The Stochastics value for MRM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for MRM suggests high volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for MRM suggests a weak or negative 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)
1.33
+0.08 (+6.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg6.83%
1 Week9.47%
2 Weeks-3.62%
1 Month-5.67%
3 Month45.48%
6 Month45.77%
12 Month-54.92%
2 Year-73.66%
3 Year-78.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.13%
ATR Inc28.84%
Range Today0.04
ADR(20)0.09
ADR(20)%6.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.74
Mansfield-3.02
10 Day High1.41
10 Day Low1.11
20 Day High1.45
20 Day Low1.11
52 Week High8.39
52 Week Low0.34
CS1 End1.24
CR1 Start1.42
Volume & EV
DER(3)5.01%
DER(5)-0.13%
Volume4.30K
Volume Incr-52.46%
Vol(5)11.62K
Vol(50)52.37K