VOLCON INC. - Weekly - Technical analysis published on 01/27/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 0.1285 USD
My targets
0.1052 USD (-13.51%)
0.0874 USD (-28.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VOLCON INC. as long as the price remains well below 0.1285 USD. The sellers' bearish objective is set at 0.1052 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.0874 USD. In case of crossing, the next objective would be the support located at 0.0727 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
The VOLCON INC. rating is 0.1216 USD. Over 5 days, this instrument gained +18.63% and was traded between 0.1042 USD and 0.1636 USD over the period. The price is currently at +16.70% from its lowest point and -25.67% from its highest point.0.1042
0.1636
0.1216
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this VOLCON INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0727 | 0.1216 | 75.6000 | 190.7500 | 275.2500 |
| Change (%) | -40.21% | - | +62,071.05% | +156,766.78% | +226,256.91% |
| Change | -0.0489 | - | +75.4784 | +190.6284 | +275.1284 |
| Level | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0947 | 0.1075 | 0.1145 | 0.1273 | 0.1343 | 0.1471 | 0.1541 |
| Camarilla | 0.1162 | 0.1180 | 0.1198 | 0.1216 | 0.1234 | 0.1252 | 0.1271 |
| Woodie | 0.0919 | 0.1061 | 0.1117 | 0.1259 | 0.1315 | 0.1457 | 0.1513 |
| Fibonacci | 0.1075 | 0.1150 | 0.1197 | 0.1273 | 0.1348 | 0.1395 | 0.1471 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0546 | 0.0724 | 0.0874 | 0.1052 | 0.1202 | 0.1380 | 0.1530 |
| Camarilla | 0.0935 | 0.0965 | 0.0995 | 0.1025 | 0.1055 | 0.1085 | 0.1115 |
| Woodie | 0.0533 | 0.0717 | 0.0861 | 0.1045 | 0.1189 | 0.1373 | 0.1517 |
| Fibonacci | 0.0724 | 0.0849 | 0.0926 | 0.1052 | 0.1177 | 0.1254 | 0.1380 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.1172 | -0.0255 | 0.0368 | 0.1285 | 0.1908 | 0.2825 | 0.3448 |
| Camarilla | 0.0568 | 0.0709 | 0.0850 | 0.0991 | 0.1132 | 0.1273 | 0.1415 |
| Woodie | -0.1319 | -0.0329 | 0.0221 | 0.1212 | 0.1761 | 0.2752 | 0.3301 |
| Fibonacci | -0.0255 | 0.0333 | 0.0697 | 0.1285 | 0.1873 | 0.2237 | 0.2825 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.42 | |
| MACD (12,26,9): | -4.5238 | |
| Directional Movement: | -21.0989 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 2.9554 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.7929 | |
| Elder Ray (13): | -1.3042 | |
| Super Trend (3,10): | 3.0900 | |
| Zig ZAG (10): | 0.1216 | |
| VORTEX (21): | 0.8186 | |
| Stochastique (14,3,5): | 2.04 | |
| TEMA (21): | 1.7311 | |
| Williams %R (14): | -95.82 | |
| Chande Momentum Oscillator (20): | -0.9484 | |
| Repulse (5,40,3): | -58.4665 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -6.2609 | |
| Courbe Coppock: | 190.59 |
| MA7: | 0.1151 | |
| MA20: | 0.1049 | |
| MA50: | 0.1444 | |
| MA100: | 3.5359 | |
| MAexp7: | 0.2818 | |
| MAexp20: | 3.5672 | |
| MAexp50: | 17.5706 | |
| MAexp100: | 50.4005 | |
| Price / MA7: | +5.65% | |
| Price / MA20: | +15.92% | |
| Price / MA50: | -15.79% | |
| Price / MA100: | -96.56% | |
| Price / MAexp7: | -56.85% | |
| Price / MAexp20: | -96.59% | |
| Price / MAexp50: | -99.31% | |
| Price / MAexp100: | -99.76% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on VOLCON INC.. At the time of publication of this analysis, the latest news was as follows:
- Volcon Stag Manufacturing Update December 2023
- Volcon ePowersports Operational Update for December 2023
- Volcon ePowersports Welcomes Doug Cline as Director of Sales for the United States
- Volcon ePowersports Reports Third Quarter 2023 Operational and Financial Results
- Volcon ePowersports Strikes Exclusive Distribution Deal with Indi Imports in New Zealand
This member declared not having a position on this financial instrument or a related financial instrument.
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