MULLEN AUTOMOTIVE INC. - 15 min. - Technical analysis published on 03/17/2022 (GMT)
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- Timeframe : 15 min.
- - 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%
0%
28%
My opinion
Bullish above 1.68 USD
My targets
1.85 USD (+5.54%)
1.94 USD (+11.03%)
My analysis
The bullish trend is currently very strong on MULLEN AUTOMOTIVE INC.. As long as the price remains above the support at 1.68 USD, you could try to benefit from the boom. The first bullish objective is located at 1.85 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.94 USD as an objective. Crossing it would then enable buyers to target 2.11 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The MULLEN AUTOMOTIVE INC. rating is 1.75 USD. On the day, this instrument gained +9.38% and was between 1.52 USD and 1.78 USD. This implies that the price is at +15.13% from its lowest and at -1.69% from its highest.1.52
1.78
1.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 15 min. of this MULLEN AUTOMOTIVE INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.94 | 1.18 | 1.44 | 1.75 | 1.78 | 1.95 | 2.25 |
Change (%) | -46.29% | -32.57% | -17.71% | - | +1.71% | +11.43% | +28.57% |
Change | -0.81 | -0.57 | -0.31 | - | +0.03 | +0.20 | +0.50 |
Level | Intermediate | Minor | Major | - | 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 | 1.33 | 1.42 | 1.59 | 1.68 | 1.85 | 1.94 | 2.11 |
Camarilla | 1.68 | 1.70 | 1.73 | 1.75 | 1.77 | 1.80 | 1.82 |
Woodie | 1.36 | 1.44 | 1.62 | 1.70 | 1.88 | 1.96 | 2.14 |
Fibonacci | 1.42 | 1.52 | 1.58 | 1.68 | 1.78 | 1.84 | 1.94 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.17 | 0.46 | 0.91 | 1.20 | 1.65 | 1.94 | 2.39 |
Camarilla | 1.15 | 1.21 | 1.28 | 1.35 | 1.42 | 1.49 | 1.55 |
Woodie | 0.24 | 0.50 | 0.98 | 1.24 | 1.72 | 1.98 | 2.46 |
Fibonacci | 0.46 | 0.75 | 0.92 | 1.20 | 1.49 | 1.66 | 1.94 |
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): | 59.00 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | 5.18 | |
AROON (14): | 42.86 | |
DEMA (21): | 1.67 | |
Parabolic SAR (0,02-0,02-0,2): | 1.53 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 1.56 | |
Zig ZAG (10): | 1.75 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 91.47 | |
TEMA (21): | 1.69 | |
Williams %R (14): | -8.00 | |
Chande Momentum Oscillator (20): | 0.07 | |
Repulse (5,40,3): | 4.5900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.1100 | |
Courbe Coppock: | 0.59 |
MA7: | 1.42 | |
MA20: | 1.06 | |
MA50: | 2.39 | |
MA100: | 5.26 | |
MAexp7: | 1.70 | |
MAexp20: | 1.68 | |
MAexp50: | 1.67 | |
MAexp100: | 1.58 | |
Price / MA7: | +23.24% | |
Price / MA20: | +65.09% | |
Price / MA50: | -26.78% | |
Price / MA100: | -66.73% | |
Price / MAexp7: | +2.94% | |
Price / MAexp20: | +4.17% | |
Price / MAexp50: | +4.79% | |
Price / MAexp100: | +10.76% |
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 Automotive Featured by Yahoo Finance Live
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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