MULLEN AUTOMOTIVE INC. - 1H - Technical analysis published on 03/14/2022 (GMT)
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- Timeframe : 1H
- - 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 bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.16 USD
My targets
1.44 USD (+6.67%)
1.58 USD (+17.26%)
My analysis
The bullish trend is currently very strong on MULLEN AUTOMOTIVE INC.. As long as the price remains above the support at 1.16 USD, you could try to benefit from the boom. The first bullish objective is located at 1.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.58 USD as an objective. Crossing it would then enable buyers to target 1.95 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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Additional analysis
Quotes
MULLEN AUTOMOTIVE INC. rating 1.35 USD. The price registered an increase of +26.17% on the session and was between 0.94 USD and 1.50 USD. This implies that the price is at +43.62% from its lowest and at -10.00% from its highest.0.94
1.50
1.35
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
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
A technical analysis in 1H of this MULLEN AUTOMOTIVE INC. chart shows a strongly 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 : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.61 | 1.12 | 1.35 | 1.44 | 1.95 | 2.53 |
| Change (%) | -54.81% | -17.19% | - | +6.67% | +44.44% | +87.56% |
| Change | -0.74 | -0.23 | - | +0.09 | +0.60 | +1.18 |
| Level | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.47 | 0.70 | 1.03 | 1.26 | 1.59 | 1.82 | 2.15 |
| Camarilla | 1.20 | 1.25 | 1.30 | 1.35 | 1.40 | 1.45 | 1.50 |
| Woodie | 0.51 | 0.73 | 1.07 | 1.29 | 1.63 | 1.85 | 2.19 |
| Fibonacci | 0.70 | 0.92 | 1.05 | 1.26 | 1.48 | 1.61 | 1.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.86 | -0.06 | 0.36 | 1.16 | 1.58 | 2.38 | 2.80 |
| Camarilla | 0.46 | 0.57 | 0.68 | 0.79 | 0.90 | 1.01 | 1.13 |
| Woodie | -1.04 | -0.16 | 0.18 | 1.07 | 1.40 | 2.29 | 2.62 |
| Fibonacci | -0.06 | 0.40 | 0.69 | 1.16 | 1.62 | 1.91 | 2.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -2.98 | -1.23 | 0.23 | 1.98 | 3.44 | 5.19 | 6.65 |
| Camarilla | 0.81 | 1.10 | 1.40 | 1.69 | 1.98 | 2.28 | 2.57 |
| Woodie | -3.13 | -1.30 | 0.09 | 1.91 | 3.30 | 5.12 | 6.51 |
| Fibonacci | -1.23 | 0.00 | 0.75 | 1.98 | 3.21 | 3.96 | 5.19 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.43 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 26.73 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 1.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.97 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 0.97 | |
| Zig ZAG (10): | 1.34 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 73.21 | |
| TEMA (21): | 1.18 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 18.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 4.92 |
| MA7: | 1.08 | |
| MA20: | 0.98 | |
| MA50: | 2.61 | |
| MA100: | 5.44 | |
| MAexp7: | 1.19 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.07 | |
| MAexp100: | 1.13 | |
| Price / MA7: | +25.00% | |
| Price / MA20: | +37.76% | |
| Price / MA50: | -48.28% | |
| Price / MA100: | -75.18% | |
| Price / MAexp7: | +12.61% | |
| Price / MAexp20: | +19.64% | |
| Price / MAexp50: | +25.23% | |
| Price / MAexp100: | +18.58% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on MULLEN AUTOMOTIVE INC.. At the time of publication of this analysis, the latest news was as follows:
- Mullen Featured on CarBuzz; The FIVE EV Crossover, Production Plans and Market Strategy Discussed
- Financial Website Insider Monkey Names Mullen Automotive a Top Penny Stock to Buy in March
- EV Manufacturer Mullen Announces Progress on Solid-State Polymer Battery Pack Development
- Mullen Automotive Featured by WardsAuto™; Company’s Hybrid Retail Model, EVs, Manufacturing and Battery Tech Highlighted
- Mullen Automotive Issues Letter to Shareholders
This member declared not having a position on this financial instrument or a related financial instrument.
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