MICROVISION INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MVIS
ISIN:

MICROVISION INC. - Daily - Technical analysis published on 03/06/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

22%

My opinion

Bullish above 4.17 USD

My targets

5.02 USD (+14.81%)

5.86 USD (+34.16%)

My analysis

The strong short-term increase in MICROVISION INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.17 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 5.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.86 USD as an objective. Crossing it would then enable buyers to target 7.61 USD. Caution, a return under 4.17 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

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. price is 4.37 USD. The price registered an increase of +8.17% on the session and was traded between 3.96 USD and 4.51 USD over the period. The price is currently at +10.35% from its lowest and -3.10% from its highest.

3.96

4.51

4.37

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MICROVISION INC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.76	4.37	7.61	10.16	12.22
Change (%)	-13.96%	-	+74.14%	+132.49%	+179.63%
Change	-0.61	-	+3.24	+5.79	+7.85
Level	Major	-	Minor	Major	Intermediate

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	3.50	3.73	4.05	4.28	4.60	4.83	5.15
Camarilla	4.22	4.27	4.32	4.37	4.42	4.47	4.52
Woodie	3.55	3.75	4.10	4.30	4.65	4.85	5.20
Fibonacci	3.73	3.94	4.07	4.28	4.49	4.62	4.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.95	3.29	3.83	4.17	4.71	5.05	5.59
Camarilla	4.13	4.21	4.29	4.37	4.45	4.53	4.61
Woodie	3.05	3.34	3.93	4.22	4.81	5.10	5.69
Fibonacci	3.29	3.63	3.83	4.17	4.51	4.71	5.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.81	2.32	3.16	3.67	4.51	5.02	5.86
Camarilla	3.64	3.76	3.89	4.01	4.13	4.26	4.38
Woodie	1.99	2.40	3.34	3.75	4.69	5.10	6.04
Fibonacci	2.32	2.83	3.15	3.67	4.18	4.50	5.02

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):	59.07
MACD (12,26,9):	0.0700
Directional Movement:	9.07
AROON (14):	42.86
DEMA (21):	3.80
Parabolic SAR (0,02-0,02-0,2):	3.02
Elder Ray (13):	0.36
Super Trend (3,10):	3.14
Zig ZAG (10):	4.37
VORTEX (21):	1.0800
Stochastique (14,3,5):	87.41
TEMA (21):	4.20
Williams %R (14):	-8.55
Chande Momentum Oscillator (20):	0.39
Repulse (5,40,3):	11.7400
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	20.61

MA7:	3.99
MA20:	3.71
MA50:	3.97
MA100:	5.97
MAexp7:	4.04
MAexp20:	3.81
MAexp50:	4.36
MAexp100:	6.08
Price / MA7:	+9.52%
Price / MA20:	+17.79%
Price / MA50:	+10.08%
Price / MA100:	-26.80%
Price / MAexp7:	+8.17%
Price / MAexp20:	+14.70%
Price / MAexp50:	+0.23%
Price / MAexp100:	-28.13%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on MICROVISION INC.. At the time of publication of this analysis, the latest news was as follows:

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

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