We assign a technical rating of 3 out of 10 to MRM. Although MRM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month MRM has a been trading in the 1.67 - 2.28 range, which is quite wide. It is currently trading near the lows of this range.
- MRM is part of the Diversified Consumer Services industry. There are 76 other stocks in this industry. MRM outperforms 88% of them.
- Looking at the yearly performance, MRM did better than 82% of all other stocks. However, we also see that MRM couldn't keep up this performance in the last couple of months.
- 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.
- Volume is considerably higher 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
1.67
We found 1 important support area.
- A support zone ranging from 1.69 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.97 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.24 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 | 82.56 | POSITIVE | MRM has a high relative strength, it outperformed 82.56% 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 | POSITIVE | The current price of MRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.79 | 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) | 12.38 | OVERSOLD | The low Stochastics value suggests MRM may be oversold. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for MRM suggests high volalility. |
| Average Directional Index/ADX (14) | 33.11 | POSITIVE | The high ADX value value for MRM suggests a strong trend. |
1.71
-0.02 (-1.16%)
MEDIROM HEALTHCARE TECHNOLOG / MRM FAQ
What is the ChartMill technical rating of MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
ChartMill assigns a technical rating of 3 / 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 32.7934. This indicates that the stock is currently neutral.
What is the MACD signal for MRM stock?
The MACD indicator for MEDIROM HEALTHCARE TECHNOLOG (MRM) has a value of -0.0136012, indicating a bearish trend.
What are the support and resistance levels for MEDIROM HEALTHCARE TECHNOLOG (MRM) stock?
MEDIROM HEALTHCARE TECHNOLOG (MRM) has a support level at 1.7 and a resistance level at 1.93. Check the full technical report for our detailed analysis of MRM support and resistance levels.