MULLEN AUTOMOTIVE INC. - 15 min. - Technical analysis published on 09/10/2024 (GMT)
- 90
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : WITHOUT TARGET
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:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.1580 USD
My targets
-
My analysis
The bearish basic trend is very strong on MULLEN AUTOMOTIVE INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.1580 USD. Caution, a return to above the resistance located at 0.1580 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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Additional analysis
Quotes
The MULLEN AUTOMOTIVE INC. rating is 0.1507 USD. On the day, this instrument lost -11.35% and was traded between 0.1505 USD and 0.1721 USD over the period. The price is currently at +0.13% from its lowest and -12.43% from its highest.0.1505
0.1721
0.1507
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of MULLEN AUTOMOTIVE INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : 15 minutes
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.1507 | 0.1653 | 0.2577 | 0.5750 |
| Change (%) | - | +9.69% | +71.00% | +281.55% |
| Change | - | +0.0146 | +0.1070 | +0.4243 |
| Level | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1507 | 0.1580 | 0.1640 | 0.1713 | 0.1773 | 0.1846 | 0.1906 |
| Camarilla | 0.1663 | 0.1676 | 0.1688 | 0.1700 | 0.1712 | 0.1724 | 0.1737 |
| Woodie | 0.1501 | 0.1577 | 0.1634 | 0.1710 | 0.1767 | 0.1843 | 0.1900 |
| Fibonacci | 0.1580 | 0.1631 | 0.1662 | 0.1713 | 0.1764 | 0.1795 | 0.1846 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0991 | 0.1430 | 0.1661 | 0.2100 | 0.2331 | 0.2770 | 0.3001 |
| Camarilla | 0.1707 | 0.1768 | 0.1830 | 0.1891 | 0.1952 | 0.2014 | 0.2075 |
| Woodie | 0.0886 | 0.1378 | 0.1556 | 0.2048 | 0.2226 | 0.2718 | 0.2896 |
| Fibonacci | 0.1430 | 0.1686 | 0.1844 | 0.2100 | 0.2356 | 0.2514 | 0.2770 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.0883 | -0.4417 | -0.1133 | 0.5333 | 0.8617 | 1.5083 | 1.8367 |
| Camarilla | -0.0531 | 0.0363 | 0.1256 | 0.2150 | 0.3044 | 0.3938 | 0.4831 |
| Woodie | -1.2475 | -0.5213 | -0.2725 | 0.4538 | 0.7025 | 1.4288 | 1.6775 |
| Fibonacci | -0.4417 | -0.0692 | 0.1609 | 0.5333 | 0.9058 | 1.1359 | 1.5083 |
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): | 38.40 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -14.3671 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 0.1673 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1760 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 0.1771 | |
| Zig ZAG (10): | 0.1700 | |
| VORTEX (21): | 1.0361 | |
| Stochastique (14,3,5): | 32.79 | |
| TEMA (21): | 0.1697 | |
| Williams %R (14): | -67.21 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0777 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3337 | |
| Courbe Coppock: | 0.68 |
| MA7: | 0.2084 | |
| MA20: | 0.2896 | |
| MA50: | 1.0539 | |
| MA100: | 2.5146 | |
| MAexp7: | 0.1705 | |
| MAexp20: | 0.1723 | |
| MAexp50: | 0.1819 | |
| MAexp100: | 0.1983 | |
| Price / MA7: | -27.69% | |
| Price / MA20: | -47.96% | |
| Price / MA50: | -85.70% | |
| Price / MA100: | -94.01% | |
| Price / MAexp7: | -11.61% | |
| Price / MAexp20: | -12.54% | |
| Price / MAexp50: | -17.15% | |
| Price / MAexp100: | -24.00% |
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 Subsidiary, Bollinger Motors, Achieves CARB Certification; A Critical Step in Becoming Sales Ready
- Mullen Subsidiary, Bollinger Motors, Agrees to Partnership with Texas Consulting & Development
- Mullen Automotive Ships Initial Commercial EVs Under $210M Purchase Contract with Volt Mobility
- Mullen Subsidiary, Bollinger Motors, Adds 20 TEC Equipment Dealerships to Commercial EV Network
- Volt Mobility Enters into $210 Million Contract with Mullen Automotive to Purchase 3,000 Class 1 and Class 3 EV Cargo Vans and Trucks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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