SOCKET MOBILE INC. - 1H - Technical analysis published on 10/23/2020 (GMT)
- 179
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 2.43 USD
My targets
4.11 USD (+65.06%)
4.85 USD (+94.78%)
My analysis
SOCKET MOBILE 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 2.43 USD. The next resistance located at 4.11 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 4.85 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7.1
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 3ba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOCKET MOBILE INC. rating is 2.49 USD. The price has increased by +70.55% since the last closing and was traded between 2.46 USD and 4.50 USD over the period. The price is currently at +1.22% from its lowest and -44.67% from its highest.2.46
4.50
2.49
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SOCKET MOBILE INC. indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.62 | 1.73 | 2.43 | 2.49 | 4.11 | 4.85 |
| Change (%) | -34.94% | -30.52% | -2.41% | - | +65.06% | +94.78% |
| Change | -0.87 | -0.76 | -0.06 | - | +1.62 | +2.36 |
| Level | Minor | Minor | Intermediate | - | Major | Minor |
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 | 1.18 | 1.28 | 1.37 | 1.48 | 1.57 | 1.67 | 1.76 |
| Camarilla | 1.41 | 1.42 | 1.44 | 1.46 | 1.48 | 1.50 | 1.51 |
| Woodie | 1.17 | 1.28 | 1.36 | 1.47 | 1.56 | 1.67 | 1.75 |
| Fibonacci | 1.28 | 1.36 | 1.40 | 1.48 | 1.55 | 1.60 | 1.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.90 | 1.07 | 1.23 | 1.40 | 1.55 | 1.72 | 1.88 |
| Camarilla | 1.29 | 1.32 | 1.35 | 1.38 | 1.41 | 1.44 | 1.47 |
| Woodie | 0.90 | 1.07 | 1.22 | 1.39 | 1.55 | 1.72 | 1.87 |
| Fibonacci | 1.07 | 1.20 | 1.27 | 1.40 | 1.52 | 1.60 | 1.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 0.96 | 1.12 | 1.26 | 1.42 | 1.56 | 1.72 |
| Camarilla | 1.19 | 1.22 | 1.24 | 1.27 | 1.30 | 1.33 | 1.35 |
| Woodie | 0.82 | 0.97 | 1.12 | 1.27 | 1.42 | 1.57 | 1.72 |
| Fibonacci | 0.96 | 1.08 | 1.15 | 1.26 | 1.38 | 1.45 | 1.56 |
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): | 65.74 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 25.52 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 2.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.96 | |
| Elder Ray (13): | 0.42 | |
| Super Trend (3,10): | 4.05 | |
| Zig ZAG (10): | 2.85 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 44.33 | |
| TEMA (21): | 2.79 | |
| Williams %R (14): | -57.52 | |
| Chande Momentum Oscillator (20): | 1.21 | |
| Repulse (5,40,3): | -27.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.1700 | |
| Courbe Coppock: | 154.37 |
| MA7: | 1.61 | |
| MA20: | 1.41 | |
| MA50: | 1.38 | |
| MA100: | 1.46 | |
| MAexp7: | 2.63 | |
| MAexp20: | 2.21 | |
| MAexp50: | 1.80 | |
| MAexp100: | 1.58 | |
| Price / MA7: | +54.66% | |
| Price / MA20: | +76.60% | |
| Price / MA50: | +80.43% | |
| Price / MA100: | +70.55% | |
| Price / MAexp7: | -5.32% | |
| Price / MAexp20: | +12.67% | |
| Price / MAexp50: | +38.33% | |
| Price / MAexp100: | +57.59% |
Quotes :
2020-10-23 19:33:16
-
15 min delayed data
-
NASDAQ Stocks
News
Don"t forget to follow the news on SOCKET MOBILE INC.. At the time of publication of this analysis, the latest news was as follows:
- Socket Mobile Reports Third Quarter Results
- Socket Mobile Announces 2020 Third Quarter Results Release Date and Conference Call
- Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.5 Million
- Socket Mobile Reports Second Quarter and Six-Month Results
- Socket Mobile Introduces Medical Grade Bluetooth Barcode Scanner
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis SOCKET MOBILE INC. - 1H