MICROVISION INC.
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
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
78%
0%
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
0
10
2.9

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This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
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
Standard3.503.734.054.284.604.835.15
Camarilla4.224.274.324.374.424.474.52
Woodie3.553.754.104.304.654.855.20
Fibonacci3.733.944.074.284.494.624.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.953.293.834.174.715.055.59
Camarilla4.134.214.294.374.454.534.61
Woodie3.053.343.934.224.815.105.69
Fibonacci3.293.633.834.174.514.715.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.812.323.163.674.515.025.86
Camarilla3.643.763.894.014.134.264.38
Woodie1.992.403.343.754.695.106.04
Fibonacci2.322.833.153.674.184.505.02

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

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

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