MICROVISION INC. - Weekly - Technical analysis published on 02/02/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 3.29 USD
My targets
1.96 USD (-37.97%)
1.72 USD (-45.47%)
My analysis
In the short term, we can see an acceleration in the bearish trend on MICROVISION INC., which is a positive signal for sellers. As long as the price remains above 3.29 USD, a sale could be considered. The first bearish objective is located at 1.96 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.72 USD as an objective. Crossing it would then enable sellers to target 0.86 USD. If the price were to return above 3.29 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICROVISION INC. rating 3.16 USD. The price registered an increase of +3.27% over 5 days and was traded between 2.82 USD and 3.47 USD over the period. The price is currently at +12.06% from its lowest point and -8.93% from its highest point.2.82
3.47
3.16
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of MICROVISION INC. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Weekly
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.86 | 3.16 | 3.29 | 7.61 | 10.16 |
| Change (%) | -72.78% | - | +4.11% | +140.82% | +221.52% |
| Change | -2.30 | - | +0.13 | +4.45 | +7.00 |
| Level | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.06 | 3.14 | 3.31 | 3.39 | 3.56 | 3.64 | 3.81 |
| Camarilla | 3.40 | 3.42 | 3.45 | 3.47 | 3.49 | 3.52 | 3.54 |
| Woodie | 3.10 | 3.16 | 3.35 | 3.41 | 3.60 | 3.66 | 3.85 |
| Fibonacci | 3.14 | 3.24 | 3.30 | 3.39 | 3.49 | 3.55 | 3.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.72 | 2.17 | 2.49 | 2.94 | 3.26 | 3.71 | 4.03 |
| Camarilla | 2.61 | 2.68 | 2.75 | 2.82 | 2.89 | 2.96 | 3.03 |
| Woodie | 1.67 | 2.14 | 2.44 | 2.91 | 3.21 | 3.68 | 3.98 |
| Fibonacci | 2.17 | 2.46 | 2.64 | 2.94 | 3.23 | 3.41 | 3.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.59 | 0.51 | 1.96 | 4.06 | 5.51 | 7.61 | 9.06 |
| Camarilla | 2.43 | 2.76 | 3.09 | 3.41 | 3.74 | 4.06 | 4.39 |
| Woodie | -1.92 | 0.35 | 1.64 | 3.90 | 5.19 | 7.45 | 8.74 |
| Fibonacci | 0.51 | 1.87 | 2.70 | 4.06 | 5.42 | 6.25 | 7.61 |
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): | 27.91 | |
| MACD (12,26,9): | -2.4500 | |
| Directional Movement: | -18.35 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.95 | |
| Elder Ray (13): | -2.21 | |
| Super Trend (3,10): | 7.25 | |
| Zig ZAG (10): | 3.13 | |
| VORTEX (21): | 0.6300 | |
| Stochastique (14,3,5): | 3.71 | |
| TEMA (21): | 2.03 | |
| Williams %R (14): | -92.62 | |
| Chande Momentum Oscillator (20): | -6.14 | |
| Repulse (5,40,3): | -29.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.8800 | |
| Courbe Coppock: | 116.98 |
| MA7: | 3.09 | |
| MA20: | 3.60 | |
| MA50: | 5.20 | |
| MA100: | 7.65 | |
| MAexp7: | 4.03 | |
| MAexp20: | 6.73 | |
| MAexp50: | 8.81 | |
| MAexp100: | 7.82 | |
| Price / MA7: | +2.27% | |
| Price / MA20: | -12.22% | |
| Price / MA50: | -39.23% | |
| Price / MA100: | -58.69% | |
| Price / MAexp7: | -21.59% | |
| Price / MAexp20: | -53.05% | |
| Price / MAexp50: | -64.13% | |
| Price / MAexp100: | -59.59% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MICROVISION INC. at the time of the generation of this analysis was as follows:
- DGAP-News: MicroVision Announces Timing Change of Webcast on January 5, 2022
- MicroVision Announces Timing Change of Webcast on January 5, 2022
- Focused on Employee Health and Safety, MicroVision Shifts to All-Virtual Participation for CES 2022
- MicroVision to Showcase its Automotive Lidar at CES(R) 2022 in Las Vegas
- DGAP-News: MicroVision Inc.: MicroVision to Participate in LiDAR Sensor Standards Consortium
This member declared not having a position on this financial instrument or a related financial instrument.
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