VOLCON INC. - Daily - Technical analysis published on 03/05/2024 (GMT)
- 128
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - 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
28%
39%
33%
My opinion
Bearish under 2.33 USD
My targets
0.83 USD (-22.43%)
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 2.33 USD. The sellers' bearish objective is set at 0.83 USD. A bearish break of this support would revive the bearish momentum. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VOLCON INC. price is 1.07 USD. The price registered an increase of +0.94% on the session with the lowest point at 0.96 USD and the highest point at 1.18 USD. The deviation from the price is +11.46% for the low point and -9.32% for the high point.0.96
1.18
1.07
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.83 | 1.07 | 381.15 | 599.74 | 720.00 |
| Change (%) | -22.43% | - | +35,521.50% | +55,950.23% | +67,189.71% |
| Change | -0.24 | - | +380.08 | +598.67 | +718.93 |
| Level | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.59 | 0.77 | 0.91 | 1.09 | 1.23 | 1.41 | 1.55 |
| Camarilla | 0.97 | 1.00 | 1.03 | 1.06 | 1.09 | 1.12 | 1.15 |
| Woodie | 0.58 | 0.76 | 0.90 | 1.08 | 1.22 | 1.40 | 1.54 |
| Fibonacci | 0.77 | 0.89 | 0.96 | 1.09 | 1.21 | 1.28 | 1.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.17 | -0.18 | 0.40 | 1.39 | 1.97 | 2.96 | 3.54 |
| Camarilla | 0.55 | 0.69 | 0.84 | 0.98 | 1.12 | 1.27 | 1.41 |
| Woodie | -1.38 | -0.28 | 0.20 | 1.29 | 1.77 | 2.86 | 3.34 |
| Fibonacci | -0.18 | 0.42 | 0.79 | 1.39 | 1.99 | 2.36 | 2.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.22 | -1.70 | -0.19 | 2.33 | 3.84 | 6.36 | 7.87 |
| Camarilla | 0.22 | 0.59 | 0.96 | 1.33 | 1.70 | 2.07 | 2.44 |
| Woodie | -4.72 | -1.95 | -0.69 | 2.08 | 3.35 | 6.11 | 7.38 |
| Fibonacci | -1.70 | -0.16 | 0.79 | 2.33 | 3.87 | 4.82 | 6.36 |
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): | 29.85 | |
| MACD (12,26,9): | -1.1563 | |
| Directional Movement: | -2.85 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 0.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.89 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 2.47 | |
| Zig ZAG (10): | 1.07 | |
| VORTEX (21): | 0.7229 | |
| Stochastique (14,3,5): | 14.44 | |
| TEMA (21): | 1.81 | |
| Williams %R (14): | -83.45 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -27.4249 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -4.4084 | |
| Courbe Coppock: | 83.73 |
| MA7: | 1.05 | |
| MA20: | 1.46 | |
| MA50: | 3.47 | |
| MA100: | 27.96 | |
| MAexp7: | 1.10 | |
| MAexp20: | 1.76 | |
| MAexp50: | 15.26 | |
| MAexp100: | 112.55 | |
| Price / MA7: | +1.89% | |
| Price / MA20: | -26.71% | |
| Price / MA50: | -69.15% | |
| Price / MA100: | -96.17% | |
| Price / MAexp7: | -2.32% | |
| Price / MAexp20: | -39.24% | |
| Price / MAexp50: | -92.99% | |
| Price / MAexp100: | -99.05% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on VOLCON INC. at the time of the generation of this analysis was as follows:
- Business Update from John Kim New CEO at Volcon Inc
- Volcon ePowersports Releases New Video of First Stag Units at Headquarters
- Volcon Releases Second Production Update Video
- Volcon Provides Video to Update Stag Launch
- Volcon Hires Veteran Entrepreneur to Restructure the Organization in Advance of the Stag Launch
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis VOLCON INC. - Daily