MRM Technical Analysis - MEDIROM HEALTHCARE TECHNOLOG

Technical Rating and Analysis

Taking everything into account, MRM scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRM is only an average performer.

In the last month MRM has a been trading in the 1.45 - 4.45 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

MRM has an average volume of 5416040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, MRM outperforms 55% of them, which is more or less in line with the market.

MRM is an average performer in the Diversified Consumer Services industry, it outperforms 55% of 75 stocks in the same industry.

MRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRM is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDIROM HEALTHCARE TECHNOLOG / MRM Weekly stock chart

MEDIROM HEALTHCARE TECHNOLOG / MRM Daily stock chart

Setup Rating and Analysis

MRM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.43

2.05

5 important support areas can be observed.

A support zone ranging from 1.90 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.74 from a trend line in the weekly time frame.
Support @1.64 from a horizontal line in the weekly time frame.
Support @1.52 from a trend line in the daily time frame.
Support @1.44 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for MRM is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for MRM is neutral.
ChartMill Relative Strength	55.02	NEUTRAL	MRM is not amongst the best or worst performers 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)	UP	POSITIVE	The current price of MRM is above the rising SMA(200).
Relative Strength Index/RSI (14)	49.78	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.
Stochastics (14,3)	18.11	OVERSOLD	The low Stochastics value suggests MRM may be oversold.
Average True Range in percent/ATR (20)	18.48	HIGH VOLATILITY	The high ATR as a percentage value for MRM suggests high volalility.
Average Directional Index/ADX (14)	31.66	POSITIVE	The high ADX value value for MRM suggests a strong trend.