MICROVISION INC. - Weekly - Technical analysis published on 05/02/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 12.71 USD
My targets
16.00 USD (+4.90%)
21.83 USD (+43.17%)
My analysis
MICROVISION 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 12.71 USD. The next resistance located at 16.00 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 21.83 USD. After this resistance, buyers could then target 23.72 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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This analysis was given by aymanm738. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROVISION INC. rating is 15.25 USD. The price is lower by -15.14% over the 5 days and was traded between 13.87 USD and 28.00 USD over the period. The price is currently at +9.95% from its lowest point and -45.54% from its highest point.13.87
28.00
15.25
Here is a more detailed summary of the historical variations registered by MICROVISION INC.:
Technical
A technical analysis in Weekly of this MICROVISION INC. chart shows a strongly 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. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.13 | 3.18 | 10.12 | 15.25 | 15.41 | 23.72 | 34.56 |
| Change (%) | -92.59% | -79.15% | -33.64% | - | +1.05% | +55.54% | +126.62% |
| Change | -14.12 | -12.07 | -5.13 | - | +0.16 | +8.47 | +19.31 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 12.03 | 12.95 | 14.10 | 15.02 | 16.17 | 17.09 | 18.24 |
| Camarilla | 14.68 | 14.87 | 15.06 | 15.25 | 15.44 | 15.63 | 15.82 |
| Woodie | 12.15 | 13.01 | 14.22 | 15.08 | 16.29 | 17.15 | 18.36 |
| Fibonacci | 12.95 | 13.74 | 14.23 | 15.02 | 15.81 | 16.30 | 17.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.26 | 6.67 | 12.32 | 15.73 | 21.38 | 24.79 | 30.44 |
| Camarilla | 15.48 | 16.31 | 17.14 | 17.97 | 18.80 | 19.63 | 20.46 |
| Woodie | 4.38 | 7.23 | 13.44 | 16.29 | 22.50 | 25.35 | 31.56 |
| Fibonacci | 6.67 | 10.13 | 12.27 | 15.73 | 19.19 | 21.33 | 24.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.59 | 6.88 | 12.71 | 16.00 | 21.83 | 25.12 | 30.95 |
| Camarilla | 16.04 | 16.88 | 17.71 | 18.55 | 19.39 | 20.22 | 21.06 |
| Woodie | 4.87 | 7.52 | 13.99 | 16.64 | 23.11 | 25.76 | 32.23 |
| Fibonacci | 6.88 | 10.36 | 12.51 | 16.00 | 19.48 | 21.63 | 25.12 |
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): | 57.27 | |
| MACD (12,26,9): | 3.0100 | |
| Directional Movement: | 19.10 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 16.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.08 | |
| Elder Ray (13): | 7.11 | |
| Super Trend (3,10): | 26.33 | |
| Zig ZAG (10): | 15.25 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 45.19 | |
| TEMA (21): | 17.24 | |
| Williams %R (14): | -59.80 | |
| Chande Momentum Oscillator (20): | 3.71 | |
| Repulse (5,40,3): | -61.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 7.2900 | |
| Courbe Coppock: | 303.46 |
| MA7: | 18.85 | |
| MA20: | 14.99 | |
| MA50: | 15.41 | |
| MA100: | 11.70 | |
| MAexp7: | 14.93 | |
| MAexp20: | 12.25 | |
| MAexp50: | 7.82 | |
| MAexp100: | 5.02 | |
| Price / MA7: | -19.10% | |
| Price / MA20: | +1.73% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | +30.34% | |
| Price / MAexp7: | +2.14% | |
| Price / MAexp20: | +24.49% | |
| Price / MAexp50: | +95.01% | |
| Price / MAexp100: | +203.78% |
Quotes :
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15 min delayed data
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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:
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This member declared not having a position on this financial instrument or a related financial instrument.
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