MULLEN AUTOMOTIVE INC. - 15 min. - Technical analysis published on 03/18/2022 (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
33%
28%
39%
My opinion
Bullish above 2.37 USD
My targets
2.74 USD (+12.42%)
3.05 USD (+24.88%)
My analysis
MULLEN AUTOMOTIVE INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.37 USD. The next resistance located at 2.74 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.05 USD. After this resistance, buyers could then target 3.42 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The MULLEN AUTOMOTIVE INC. price is 2.44 USD. The price registered an increase of +39.43% on the session with the lowest point at 1.99 USD and the highest point at 2.67 USD. The deviation from the price is +22.61% for the low point and -8.61% for the high point.1.99
2.67
2.44
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MULLEN AUTOMOTIVE INC. were detected by the Central Volumes scanner:
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.69 | 1.95 | 2.25 | 2.44 | 3.14 | 5.84 | 7.14 |
| Change (%) | -30.74% | -20.08% | -7.79% | - | +28.69% | +139.34% | +192.62% |
| Change | -0.75 | -0.49 | -0.19 | - | +0.70 | +3.40 | +4.70 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.38 | 1.69 | 2.06 | 2.37 | 2.74 | 3.05 | 3.42 |
| Camarilla | 2.25 | 2.32 | 2.38 | 2.44 | 2.50 | 2.57 | 2.63 |
| Woodie | 1.42 | 1.71 | 2.10 | 2.39 | 2.78 | 3.07 | 3.46 |
| Fibonacci | 1.69 | 1.95 | 2.11 | 2.37 | 2.63 | 2.79 | 3.05 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.40 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 11.93 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 2.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.56 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 2.14 | |
| Zig ZAG (10): | 2.46 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 44.47 | |
| TEMA (21): | 2.53 | |
| Williams %R (14): | -52.50 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0700 | |
| Courbe Coppock: | 14.53 |
| MA7: | 1.59 | |
| MA20: | 1.14 | |
| MA50: | 2.33 | |
| MA100: | 5.22 | |
| MAexp7: | 2.44 | |
| MAexp20: | 2.36 | |
| MAexp50: | 2.13 | |
| MAexp100: | 1.90 | |
| Price / MA7: | +53.46% | |
| Price / MA20: | +114.04% | |
| Price / MA50: | +4.72% | |
| Price / MA100: | -53.26% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +4.24% | |
| Price / MAexp50: | +15.49% | |
| Price / MAexp100: | +29.47% |
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 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.
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