MULLEN AUTOMOTIVE INC (MULN) Stock Technical Analysis
NASDAQ:MULN - Nasdaq - US62526P7033 - Common Stock - Currency: USD
Taking everything into account, MULN scores 0 out of 10 in our technical rating. MULN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than MULN.
MULN is part of the Automobiles industry. There are 37 other stocks in this industry, of which 97% are performing better than MULN.
MULN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MULN has a been trading in the 4.76 - 48.88 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MULN has an average volume of 45503000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of MULN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.79
8.04
We can see 2 important resistance areas.
- A resistance zone ranging from 4.78 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.96 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MULN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MULN is down. |
| ChartMill Relative Strength | 0.01 | NEGATIVE | MULN has a low relative strength, it was outperformed by 99.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MULN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MULN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MULN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.02 | OVERSOLD | The low RSI value suggests MULN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 367.14 | POSITIVE | The MACD value suggests MULN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 2.86 | OVERSOLD | The low Stochastics value suggests MULN may be oversold. |
| Average True Range in percent/ATR (20) | 125.56 | HIGH VOLATILITY | The high ATR as a percentage value for MULN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for MULN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:MULN (6/12/2025, 9:51:08 AM)
3.83
-0.96 (-20.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-20.04%
1 Week-70.25%
2 Weeks-68.49%
1 Month-71.62%
3 Month-99.94%
6 Month-100%
12 Month-100%
2 Year-100%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.43
ATR(20)%125.56%
ATR Inc-82.2%
Range Today0.68
ADR(20)5.5
ADR(20)%143.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.01
Mansfield-10
10 Day High26.55
10 Day Low4.76
20 Day High48.88
20 Day Low4.76
52 Week High169182000
52 Week Low4.76
CS1 EndN/A
CR1 Start7.96
Volume & EV
DER(3)-3.16%
DER(5)-5.27%
Volume996.40K
Volume Incr-92.86%
Vol(5)3.97M
Vol(50)45.50M