VOLCON INC. - Daily - Technical analysis published on 02/03/2024 (GMT)
- 145
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : CANCELLED
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
28%
39%
33%
My opinion
Bearish under 0.1305 USD
My targets
0.0859 USD (-3.56%)
0.0727 USD (-18.41%)
My analysis
VOLCON INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.1305 USD. The next support located at 0.0859 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.0727 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
VOLCON INC. rating 0.0891 USD. The price is lower by -10.81% since the last closing and was between 0.0875 USD and 0.1000 USD. This implies that the price is at +1.83% from its lowest and at -10.90% from its highest.0.0875
0.1000
0.0891
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of VOLCON INC. indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0727 | 0.0891 | 8.4700 | 15.9000 | 18.5000 |
| Change (%) | -18.41% | - | +9,406.17% | +17,745.12% | +20,663.19% |
| Change | -0.0164 | - | +8.3809 | +15.8109 | +18.4109 |
| Level | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0866 | 0.0913 | 0.0956 | 0.1003 | 0.1046 | 0.1093 | 0.1136 |
| Camarilla | 0.0974 | 0.0983 | 0.0991 | 0.0999 | 0.1007 | 0.1016 | 0.1024 |
| Woodie | 0.0864 | 0.0912 | 0.0954 | 0.1002 | 0.1044 | 0.1092 | 0.1134 |
| Fibonacci | 0.0913 | 0.0947 | 0.0969 | 0.1003 | 0.1037 | 0.1059 | 0.1093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0248 | 0.0609 | 0.0913 | 0.1274 | 0.1578 | 0.1939 | 0.2243 |
| Camarilla | 0.1033 | 0.1094 | 0.1155 | 0.1216 | 0.1277 | 0.1338 | 0.1399 |
| Woodie | 0.0219 | 0.0595 | 0.0884 | 0.1260 | 0.1549 | 0.1925 | 0.2214 |
| Fibonacci | 0.0609 | 0.0863 | 0.1020 | 0.1274 | 0.1528 | 0.1685 | 0.1939 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.0074 | 0.0372 | 0.0859 | 0.1305 | 0.1792 | 0.2238 | 0.2725 |
| Camarilla | 0.1090 | 0.1176 | 0.1262 | 0.1347 | 0.1433 | 0.1518 | 0.1604 |
| Woodie | -0.0053 | 0.0382 | 0.0881 | 0.1315 | 0.1814 | 0.2248 | 0.2747 |
| Fibonacci | 0.0372 | 0.0728 | 0.0948 | 0.1305 | 0.1661 | 0.1881 | 0.2238 |
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): | 33.11 | |
| MACD (12,26,9): | -0.0398 | |
| Directional Movement: | -2.3185 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 0.0539 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0910 | |
| Elder Ray (13): | -0.0183 | |
| Super Trend (3,10): | 0.1686 | |
| Zig ZAG (10): | 0.0935 | |
| VORTEX (21): | 0.9697 | |
| Stochastique (14,3,5): | 24.06 | |
| TEMA (21): | 0.2191 | |
| Williams %R (14): | -94.21 | |
| Chande Momentum Oscillator (20): | -0.0113 | |
| Repulse (5,40,3): | -6.8248 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.7547 | |
| Courbe Coppock: | 40.02 |
| MA7: | 0.1228 | |
| MA20: | 0.1099 | |
| MA50: | 0.1145 | |
| MA100: | 2.9017 | |
| MAexp7: | 0.1136 | |
| MAexp20: | 0.1218 | |
| MAexp50: | 0.7444 | |
| MAexp100: | 3.7657 | |
| Price / MA7: | -27.44% | |
| Price / MA20: | -18.93% | |
| Price / MA50: | -22.18% | |
| Price / MA100: | -96.93% | |
| Price / MAexp7: | -21.57% | |
| Price / MAexp20: | -26.85% | |
| Price / MAexp50: | -88.03% | |
| Price / MAexp100: | -97.63% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on VOLCON INC. at the time of the generation of this analysis 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.
About author
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