MEDIROM HEALTHCARE TECHNOLOG (MRM) Stock Technical Analysis
NASDAQ:MRM - Nasdaq - US58510H1032 - ADR - Currency: USD
Overall MRM gets a technical rating of 7 out of 10. MRM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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 1.32 - 1.75 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MRM is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 82% of 71 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 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
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. There is a support zone below the current price at 1.34, a Stop Loss order could be placed below this zone.
More info and screens
1.16
1.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.34 to 1.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.17 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.44 from a horizontal line in the daily time frame.
- Resistance @1.60 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for MRM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRM is up. |
| ChartMill Relative Strength | 91.83 | POSITIVE | MRM has a high relative strength, it outperformed 91.83% 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) | UP | POSITIVE | The current price of MRM is above the rising 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) | 50.71 | NEUTRAL | The RSI value for MRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.12 | NEUTRAL | The Stochastics value for MRM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for MRM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.72 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.45 | 1.33 | 0.12 (8.28%) | 12.08% |
| An entry @1.45. This is a Buy Stop order right above the resistance zone. | An exit @1.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 8.28%. | For a 1.00% total portfolio risk, you can invest 12.08% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.4101
-0.03 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-2.01%
1 Week1.45%
2 Weeks-7.53%
1 Month-7.53%
3 Month172.43%
6 Month27.04%
12 Month-65.94%
2 Year-78.07%
3 Year-78.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.63%
ATR Inc-47.49%
Range Today0.03
ADR(20)0.1
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.83
Mansfield-3.46
10 Day High1.5
10 Day Low1.32
20 Day High1.75
20 Day Low1.32
52 Week High8.39
52 Week Low0.34
CS1 End1.34
CR1 Start1.44
Volume & EV
DER(3)-16.76%
DER(5)-15.01%
Volume8.40K
Volume Incr-82.21%
Vol(5)9.16K
Vol(50)362.14K