SOCKET MOBILE INC. - Daily - Technical analysis published on 10/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.43 USD
My targets
4.11 USD (+44.72%)
4.85 USD (+70.77%)
My analysis
SOCKET MOBILE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.43 USD. The next resistance located at 4.11 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.85 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
SOCKET MOBILE INC. rating 2.84 USD. The price has increased by +94.52% since the last closing and was between 2.76 USD and 4.50 USD. This implies that the price is at +2.90% from its lowest and at -36.89% from its highest.2.76
4.50
2.84
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOCKET MOBILE INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SOCKET MOBILE INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.57 | 1.73 | 2.43 | 2.84 | 4.11 | 4.85 |
| Change (%) | -44.72% | -39.08% | -14.44% | - | +44.72% | +70.77% |
| Change | -1.27 | -1.11 | -0.41 | - | +1.27 | +2.01 |
| Level | Major | Minor | Intermediate | - | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.18 | 1.28 | 1.37 | 1.48 | 1.57 | 1.67 | 1.76 |
| Camarilla | 1.41 | 1.42 | 1.44 | 1.46 | 1.48 | 1.50 | 1.51 |
| Woodie | 1.17 | 1.28 | 1.36 | 1.47 | 1.56 | 1.67 | 1.75 |
| Fibonacci | 1.28 | 1.36 | 1.40 | 1.48 | 1.55 | 1.60 | 1.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.90 | 1.07 | 1.23 | 1.40 | 1.55 | 1.72 | 1.88 |
| Camarilla | 1.29 | 1.32 | 1.35 | 1.38 | 1.41 | 1.44 | 1.47 |
| Woodie | 0.90 | 1.07 | 1.22 | 1.39 | 1.55 | 1.72 | 1.87 |
| Fibonacci | 1.07 | 1.20 | 1.27 | 1.40 | 1.52 | 1.60 | 1.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 0.96 | 1.12 | 1.26 | 1.42 | 1.56 | 1.72 |
| Camarilla | 1.19 | 1.22 | 1.24 | 1.27 | 1.30 | 1.33 | 1.35 |
| Woodie | 0.82 | 0.97 | 1.12 | 1.27 | 1.42 | 1.57 | 1.72 |
| Fibonacci | 0.96 | 1.08 | 1.15 | 1.26 | 1.38 | 1.45 | 1.56 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 94.31 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 71.17 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.35 | |
| Elder Ray (13): | 2.17 | |
| Super Trend (3,10): | 2.64 | |
| Zig ZAG (10): | 3.88 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 64.03 | |
| TEMA (21): | 1.93 | |
| Williams %R (14): | -34.05 | |
| Chande Momentum Oscillator (20): | 2.09 | |
| Repulse (5,40,3): | -24.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 78.32 |
| MA7: | 1.67 | |
| MA20: | 1.45 | |
| MA50: | 1.40 | |
| MA100: | 1.47 | |
| MAexp7: | 1.84 | |
| MAexp20: | 1.58 | |
| MAexp50: | 1.46 | |
| MAexp100: | 1.44 | |
| Price / MA7: | +70.06% | |
| Price / MA20: | +95.86% | |
| Price / MA50: | +102.86% | |
| Price / MA100: | +93.20% | |
| Price / MAexp7: | +54.35% | |
| Price / MAexp20: | +79.75% | |
| Price / MAexp50: | +94.52% | |
| Price / MAexp100: | +97.22% |
Quotes :
2020-10-23 16:50:24
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on SOCKET MOBILE INC.. At the time of publication of this analysis, the latest news was as follows:
- Socket Mobile Reports Third Quarter Results
- Socket Mobile Announces 2020 Third Quarter Results Release Date and Conference Call
- Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.5 Million
- Socket Mobile Reports Second Quarter and Six-Month Results
- Socket Mobile Introduces Medical Grade Bluetooth Barcode Scanner
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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