MICROVISION INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	MVIS
ISIN:

MICROVISION INC. - Weekly - Technical analysis published on 01/21/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 5.80 USD

My targets

9.32 USD (+40.35%)

10.12 USD (+52.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROVISION INC. as long as the price remains well above 5.80 USD. The buyers” bullish objective is set at 9.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.12 USD. If there is any crossing, the next objective would be the resistance located at 34.56 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MICROVISION INC. rating is 6.64 USD. Over 5 days, this instrument gained +0.61% and was traded between 6.51 USD and 7.45 USD over the period. The price is currently at +2.00% from its lowest point and -10.87% from its highest point.

6.51

7.45

6.64

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MICROVISION INC.:

Abnormal volumes on MICROVISION INC. were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of MICROVISION INC. in Weekly shows a strongly overall bullish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.61	2.66	3.18	6.64	10.12	34.56	44.56
Change (%)	-75.75%	-59.94%	-52.11%	-	+52.41%	+420.48%	+571.08%
Change	-5.03	-3.98	-3.46	-	+3.48	+27.92	+37.92
Level	Minor	Major	Major	-	Minor	Minor	Major

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	5.68	6.15	6.51	6.98	7.34	7.81	8.17
Camarilla	6.64	6.72	6.79	6.87	6.95	7.02	7.10
Woodie	5.63	6.12	6.46	6.95	7.29	7.78	8.12
Fibonacci	6.15	6.47	6.66	6.98	7.30	7.49	7.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.38	4.38	5.49	6.49	7.60	8.60	9.71
Camarilla	6.03	6.22	6.42	6.61	6.80	7.00	7.19
Woodie	3.45	4.41	5.56	6.52	7.67	8.63	9.78
Fibonacci	4.38	5.18	5.68	6.49	7.29	7.79	8.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-5.60	-1.66	1.86	5.80	9.32	13.26	16.78
Camarilla	3.33	4.01	4.70	5.38	6.06	6.75	7.43
Woodie	-5.81	-1.77	1.65	5.69	9.11	13.15	16.57
Fibonacci	-1.66	1.19	2.95	5.80	8.65	10.41	13.26

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):	75.92
MACD (12,26,9):	1.2600
Directional Movement:	43.34
AROON (14):	50.00
DEMA (21):	5.29
Parabolic SAR (0,02-0,02-0,2):	3.92
Elder Ray (13):	2.34
Super Trend (3,10):	3.87
Zig ZAG (10):	6.41
VORTEX (21):	1.2300
Stochastique (14,3,5):	58.41
TEMA (21):	6.11
Williams %R (14):	-39.15
Chande Momentum Oscillator (20):	4.79
Repulse (5,40,3):	-2.1400
ROCnROLL:	1
TRIX (15,9):	6.2600
Courbe Coppock:	338.88

MA7:	6.55
MA20:	6.33
MA50:	4.15
MA100:	3.07
MAexp7:	5.52
MAexp20:	3.86
MAexp50:	2.50
MAexp100:	1.84
Price / MA7:	+1.37%
Price / MA20:	+4.90%
Price / MA50:	+60.00%
Price / MA100:	+116.29%
Price / MAexp7:	+20.29%
Price / MAexp20:	+72.02%
Price / MAexp50:	+165.60%
Price / MAexp100:	+260.87%

Quotes : 2021-01-21 16:32:56 - 15 min delayed data - NASDAQ Stocks

News

The last news published on MICROVISION INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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