MULLEN AUTOMOTIVE INC. - Daily - Technical analysis published on 03/14/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.98 USD
My targets
1.16 USD (-14.30%)
0.61 USD (-54.81%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.98 USD remains possible. It is advisable to trade MULLEN AUTOMOTIVE INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.98 USD. The next bearish objective for sellers is set at 1.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.61 USD. PS: if there is a bullish break in the resistance located at 1.98 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MULLEN AUTOMOTIVE INC. rating is 1.35 USD. The price registered an increase of +26.17% on the session and was traded between 0.94 USD and 1.50 USD over the period. The price is currently at +43.62% from its lowest and -10.00% from its highest.0.94
1.50
1.35
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of this Daily chart of MULLEN AUTOMOTIVE INC. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.61 | 1.35 | 3.14 | 5.84 | 7.14 |
| Change (%) | -54.81% | - | +132.67% | +332.81% | +428.67% |
| Change | -0.74 | - | +1.79 | +4.49 | +5.79 |
| Level | Major | - | Minor | Minor | 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 | 0.47 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.90 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | 8.49 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 0.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.76 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 0.36 | |
| Zig ZAG (10): | 1.35 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 46.85 | |
| TEMA (21): | 0.99 | |
| Williams %R (14): | -41.96 | |
| Chande Momentum Oscillator (20): | 0.72 | |
| Repulse (5,40,3): | 19.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -3.9700 | |
| Courbe Coppock: | 80.63 |
| MA7: | 1.08 | |
| MA20: | 0.98 | |
| MA50: | 2.61 | |
| MA100: | 5.44 | |
| MAexp7: | 1.14 | |
| MAexp20: | 1.31 | |
| MAexp50: | 2.63 | |
| MAexp100: | 4.54 | |
| Price / MA7: | +25.00% | |
| Price / MA20: | +37.76% | |
| Price / MA50: | -48.28% | |
| Price / MA100: | -75.18% | |
| Price / MAexp7: | +18.42% | |
| Price / MAexp20: | +3.05% | |
| Price / MAexp50: | -48.67% | |
| Price / MAexp100: | -70.26% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MULLEN AUTOMOTIVE INC. at the time of the analysis were 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.
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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