MIND TECHNOLOGY INC. - 1H - Technical analysis published on 03/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.13 USD
My targets
1.20 USD (+1.69%)
1.33 USD (+12.97%)
My analysis
The current short-term bullish acceleration on MIND TECHNOLOGY INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.13 USD. Short-term buyers will use the resistance located at 1.20 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.33 USD. Crossing this resistance would then open the door for buyers to target 1.37 USD. Caution, if there is a return to under 1.13 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.8
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Additional analysis
Quotes
The MIND TECHNOLOGY INC. rating is 1.18 USD. The price registered an increase of +11.32% on the session and was between 1.06 USD and 1.19 USD. This implies that the price is at +11.32% from its lowest and at -0.84% from its highest.1.06
1.19
1.18
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this MIND TECHNOLOGY INC. chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.99 | 1.05 | 1.13 | 1.18 | 1.20 | 1.37 | 1.43 |
| Change (%) | -16.10% | -11.02% | -4.24% | - | +1.69% | +16.10% | +21.19% |
| Change | -0.19 | -0.13 | -0.05 | - | +0.02 | +0.19 | +0.25 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
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 | 0.92 | 0.98 | 1.02 | 1.08 | 1.12 | 1.18 | 1.22 |
| Camarilla | 1.03 | 1.04 | 1.05 | 1.06 | 1.07 | 1.08 | 1.09 |
| Woodie | 0.91 | 0.98 | 1.01 | 1.08 | 1.11 | 1.18 | 1.21 |
| Fibonacci | 0.98 | 1.02 | 1.04 | 1.08 | 1.12 | 1.14 | 1.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.79 | 0.93 | 1.06 | 1.20 | 1.33 | 1.47 |
| Camarilla | 0.99 | 1.01 | 1.04 | 1.06 | 1.09 | 1.11 | 1.13 |
| Woodie | 0.66 | 0.79 | 0.93 | 1.06 | 1.20 | 1.33 | 1.47 |
| Fibonacci | 0.79 | 0.90 | 0.96 | 1.06 | 1.17 | 1.23 | 1.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 0.75 | 0.96 | 1.19 | 1.40 | 1.63 | 1.84 |
| Camarilla | 1.04 | 1.08 | 1.12 | 1.16 | 1.20 | 1.24 | 1.28 |
| Woodie | 0.50 | 0.75 | 0.94 | 1.19 | 1.38 | 1.63 | 1.82 |
| Fibonacci | 0.75 | 0.92 | 1.03 | 1.19 | 1.36 | 1.47 | 1.63 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.73 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 12.87 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.97 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 0.99 | |
| Zig ZAG (10): | 1.10 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 76.62 | |
| TEMA (21): | 1.08 | |
| Williams %R (14): | -32.93 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | -0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 11.17 |
| MA7: | 1.08 | |
| MA20: | 1.16 | |
| MA50: | 1.39 | |
| MA100: | 1.51 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.06 | |
| MAexp50: | 1.08 | |
| MAexp100: | 1.13 | |
| Price / MA7: | +9.26% | |
| Price / MA20: | +1.72% | |
| Price / MA50: | -15.11% | |
| Price / MA100: | -21.85% | |
| Price / MAexp7: | +9.26% | |
| Price / MAexp20: | +11.32% | |
| Price / MAexp50: | +9.26% | |
| Price / MAexp100: | +4.42% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MIND TECHNOLOGY INC. at the time of the analysis were as follows:
- MIND TECHNOLOGY ANNOUNCES PASSING OF BOARD MEMBER ROBERT J. ALBERS
- MIND Technology Declares Cash Dividend on its 9.00% Series A Cumulative Preferred Stock
- MIND TECHNOLOGY ENTERS INTO COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT WITH US NAVY
- MIND Technology, Inc. Reports Fiscal 2022 Third Quarter Results
- MIND Technology Provides Operational Update
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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