SOCKET MOBILE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	SCKT
ISIN:

SOCKET MOBILE INC. - Daily - Technical analysis published on 10/27/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.43 USD

My targets

2.79 USD (+7.72%)

3.57 USD (+37.84%)

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 2.79 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 3.57 USD. After this resistance, buyers could then target 4.11 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

7.3

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 3ba0550. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SOCKET MOBILE INC. rating 2.59 USD. The price is lower by -5.13% since the last closing and was between 2.54 USD and 2.68 USD. This implies that the price is at +1.97% from its lowest and at -3.36% from its highest.

2.54

2.68

2.59

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

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 SOCKET MOBILE INC. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 13 are bullish, 1 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 90

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.40	1.57	2.43	2.59	3.57	4.11	4.85
Change (%)	-45.95%	-39.38%	-6.18%	-	+37.84%	+58.69%	+87.26%
Change	-1.19	-1.02	-0.16	-	+0.98	+1.52	+2.26
Level	Major	Intermediate	Major	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.28	1.06	1.81	3.15	3.90	5.24	5.99
Camarilla	1.98	2.17	2.36	2.55	2.74	2.93	3.13
Woodie	-0.59	0.91	1.51	3.00	3.60	5.09	5.69
Fibonacci	1.89	1.86	2.36	3.15	3.95	4.45	5.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-2.10	-0.39	1.08	2.79	4.26	5.97	7.44
Camarilla	1.68	1.97	2.26	2.55	2.84	3.13	3.42
Woodie	-2.22	-0.45	0.96	2.73	4.14	5.91	7.32
Fibonacci	-0.39	0.83	1.58	2.79	4.01	4.76	5.97

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	86.13
MACD (12,26,9):	0.2600
Directional Movement:	54.96
AROON (14):	57.14
DEMA (21):	1.96
Parabolic SAR (0,02-0,02-0,2):	1.76
Elder Ray (13):	0.77
Super Trend (3,10):	2.19
Zig ZAG (10):	2.63
VORTEX (21):	1.0600
Stochastique (14,3,5):	47.72
TEMA (21):	2.01
Williams %R (14):	-54.91
Chande Momentum Oscillator (20):	1.39
Repulse (5,40,3):	-36.9400
ROCnROLL:	1
TRIX (15,9):	0.6500
Courbe Coppock:	87.66

MA7:	1.77
MA20:	1.54
MA50:	1.41
MA100:	1.49
MAexp7:	1.95
MAexp20:	1.69
MAexp50:	1.51
MAexp100:	1.47
Price / MA7:	+46.33%
Price / MA20:	+68.18%
Price / MA50:	+83.69%
Price / MA100:	+73.83%
Price / MAexp7:	+32.82%
Price / MAexp20:	+53.25%
Price / MAexp50:	+71.52%
Price / MAexp100:	+76.19%

Quotes : 2020-10-27 14:24:46 - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on SOCKET MOBILE INC. at the time of the analysis were as follows:

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

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