MICROVISION INC (MVIS) Stock Technical Analysis
NASDAQ:MVIS - Nasdaq - US5949603048 - Common Stock - Currency: USD
Overall MVIS gets a technical rating of 1 out of 10. MVIS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MVIS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MVIS has a been trading in the 1.04 - 1.73 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.
MVIS has an average volume of 8055560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MVIS outperforms 56% of them, which is more or less in line with the market.
MVIS is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 48% of 124 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
MVIS has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.01
1.46
2 important support areas can be observed.
- Support @1.06 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @1.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.13 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.32 from a trend line in the weekly time frame.
- Resistance @1.45 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 MVIS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MVIS is down. |
| ChartMill Relative Strength | 56.36 | NEUTRAL | MVIS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MVIS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MVIS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MVIS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.12 | NEUTRAL | The RSI value for MVIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MVIS has a negative trend. |
| Stochastics (14,3) | 28.98 | NEUTRAL | The Stochastics value for MVIS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.37 | HIGH VOLATILITY | The high ATR as a percentage value for MVIS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.85 | POSITIVE | The high ADX value value for MVIS 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)
1.07
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0%
1 Week-6.14%
2 Weeks-2.73%
1 Month-27.21%
3 Month0%
6 Month-28.67%
12 Month11.82%
2 Year-57.54%
3 Year-77.89%
5 Year-32.28%
10 Year-66.14%
15 Year-94.86%
Volatility
ATR(14)0.06
ATR(20)%9.37%
ATR Inc-9.49%
Range Today0.04
ADR(20)0.1
ADR(20)%9.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.36
Mansfield-1.7
10 Day High1.21
10 Day Low1.04
20 Day High1.73
20 Day Low1.04
52 Week High1.95
52 Week Low0.8
CS1 End1.06
CR1 Start1.07
Volume & EV
DER(3)-5.15%
DER(5)-4.79%
Volume4.84M
Volume Incr-59.25%
Vol(5)3.95M
Vol(50)8.06M