The technical summary data tells us to buy MIRM near 46.69 with an upside target of 52.15. This data also tells us to set a stop loss @ 46.56 to protect against excessive loss in case the stock begins to move against the trade. 46.69 is the first level of support below 49.63 , and by rule, any test of support is a buy signal. In this case, support 46.69 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of MIRM as it gets near 52.15 with a downside target of 46.69. We should have a stop loss in place at 52.3though. 52.15 is the first level of resistance above 49.63, and by rule, any test of resistance is a short signal. In this case, if resistance 52.15 is being tested, a short signal would exist.
Swing Trading Plans for MIRM
If 50.49 begins to break higher, the technical summary data tells us to buy MIRM just slightly over 50.49, with an upside target of 52.15. The data also tells us to set a stop loss @ 50.34 in case the stock turns against the trade. 50.49 is the first level of resistance above 49.63, and by rule, any break above resistance is a buy signal. In this case, 50.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of MIRM if it tests 50.49 with a downside target of 48.22. We should have a stop loss in place at 50.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MIRM
If 50.49 begins to break higher, the technical summary data tells us to buy MIRM just slightly over 50.49, with an upside target of 50.94. The data also tells us to set a stop loss @ 50.37 in case the stock turns against the trade. 50.49 is the first level of resistance above 49.63, and by rule, any break above resistance is a buy signal. In this case, 50.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of MIRM if it tests 50.49 with a downside target of 49.19. We should have a stop loss in place at 50.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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This report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in Mirum Pharmaceuticals Inc. (NASDAQ: MIRM) while incorporating prudent risk controls.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MIRM change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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