Technical Analysis for MGRM - Monogram Orthopaedics Inc.

Grade Last Price % Change Price Change
F 4.18 -4.90% -0.22
MGRM closed down 4.9 percent on Thursday, June 8, 2023, on 17 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A N/A Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Hot IPO Pullback Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Hot IPO Pullback Bullish Swing Setup -4.90%
Narrow Range Bar Range Contraction -4.90%
Hot IPO Pullback Bullish Swing Setup -13.02%
Outside Day Range Expansion -13.02%
Gapped Down Weakness -13.02%
NR7 Range Contraction -12.47%
NR7-2 Range Contraction -12.47%

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Alert Time
Down 5% about 9 hours ago
Down 3% about 9 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
Fell Below Previous Day's Low about 11 hours ago
Down 2 % about 11 hours ago

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Monogram Orthopaedics Inc. Description

Monogram Orthopaedics is working to develop a product solution architecture with the long-term goal of enabling patient-optimized orthopedic implants at scale by linking 3D printing and robotics with advanced pre-operative imaging. The Company has a robot prototype that can autonomously execute optimized paths for high-precision insertion of implants in synthetic bone specimens. Monogram intends to produce and market robotic surgical equipment and related software, orthopedic implants, tissue ablation tools, navigation consumables, and other miscellaneous instrumentation necessary for reconstructive joint replacement procedures. The Company has not yet made 510(k) premarket notification submissions or obtained 510(k) clearances for any of its robotic products. FDA approval is required to market these products, and the Company has not obtained FDA approval for any of its robotic products, and it cannot estimate the timing, or assure the ability, to obtain such clearances.


Sector: Healthcare
Industry: Medical Devices
Keywords: FDA Prosthetics Implant Healthcare Quality Joint Replacement

Is MGRM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 48.99
52 Week Low 4.03
Average Volume 835,955
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 0.00
10-Day Moving Average 4.72
Average True Range 3.78
RSI (14) 20.00
ADX 0.0
+DI 62.39
-DI 16.67
Chandelier Exit (Long, 3 ATRs) 37.66
Chandelier Exit (Short, 3 ATRs) 15.36
Upper Bollinger Bands 0.00
Lower Bollinger Band 0.00
Percent B (%b) 0.0
BandWidth 0.00
MACD Line -0.59
MACD Signal Line -0.25
MACD Histogram -0.3458
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.08
Resistance 3 (R3) 5.15 4.93 4.93
Resistance 2 (R2) 4.93 4.70 4.89 4.87
Resistance 1 (R1) 4.55 4.55 4.44 4.48 4.82
Pivot Point 4.33 4.33 4.27 4.29 4.33
Support 1 (S1) 3.95 4.10 3.84 3.88 3.53
Support 2 (S2) 3.73 3.95 3.69 3.48
Support 3 (S3) 3.35 3.73 3.43
Support 4 (S4) 3.28