MICROVISION INC. - Daily - Technical analysis published on 03/06/2022 (GMT)
- 225
- 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 : Daily
- - Analysis generated on
- Status : INVALID
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
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 savas. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 3.50 | 3.73 | 4.05 | 4.28 | 4.60 | 4.83 | 5.15 |
Camarilla | 4.22 | 4.27 | 4.32 | 4.37 | 4.42 | 4.47 | 4.52 |
Woodie | 3.55 | 3.75 | 4.10 | 4.30 | 4.65 | 4.85 | 5.20 |
Fibonacci | 3.73 | 3.94 | 4.07 | 4.28 | 4.49 | 4.62 | 4.83 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.95 | 3.29 | 3.83 | 4.17 | 4.71 | 5.05 | 5.59 |
Camarilla | 4.13 | 4.21 | 4.29 | 4.37 | 4.45 | 4.53 | 4.61 |
Woodie | 3.05 | 3.34 | 3.93 | 4.22 | 4.81 | 5.10 | 5.69 |
Fibonacci | 3.29 | 3.63 | 3.83 | 4.17 | 4.51 | 4.71 | 5.05 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.81 | 2.32 | 3.16 | 3.67 | 4.51 | 5.02 | 5.86 |
Camarilla | 3.64 | 3.76 | 3.89 | 4.01 | 4.13 | 4.26 | 4.38 |
Woodie | 1.99 | 2.40 | 3.34 | 3.75 | 4.69 | 5.10 | 6.04 |
Fibonacci | 2.32 | 2.83 | 3.15 | 3.67 | 4.18 | 4.50 | 5.02 |
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
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:
- DGAP-News: MicroVision Inc.: MicroVision Announces Fourth Quarter and Full Year 2021 Results
- MicroVision Announces Fourth Quarter and Full Year 2021 Results
- MicroVision Announces Participation in Upcoming Investor Conferences
- DGAP-News: MicroVision Inc.: MicroVision to Announce Fourth Quarter and Full Year 2021 Results on February 24, 2022
- MicroVision to Announce Fourth Quarter and Full Year 2021 Results on February 24, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 MICROVISION INC. - Daily