MICROVISION INC (MVIS) Stock Technical Analysis
NASDAQ:MVIS - Nasdaq - US5949603048 - Common Stock - Currency: USD
Taking everything into account, MVIS scores 8 out of 10 in our technical rating. In the last year, MVIS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MVIS has a been trading in the 1.06 - 1.63 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
MVIS has an average volume of 6720820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MVIS did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MVIS is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, MVIS did better than 58% of them.
MVIS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MVIS is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MVIS has an excellent technical rating, it does not present a decent entry opportunity 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
1.05
1.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.06 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.45 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MVIS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVIS is up. |
| ChartMill Relative Strength | 82.63 | POSITIVE | MVIS has a high relative strength, it outperformed 82.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVIS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MVIS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MVIS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.25 | NEUTRAL | The RSI value for MVIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MVIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.81 | NEUTRAL | The Stochastics value for MVIS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for MVIS suggests high volalility. |
| Average Directional Index/ADX (14) | 30.32 | 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)
1.44
-0.02 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.37%
1 Week8.27%
2 Weeks21.01%
1 Month27.43%
3 Month19.01%
6 Month-16.28%
12 Month28.57%
2 Year-64%
3 Year-72.04%
5 Year-28.71%
10 Year-52.79%
15 Year-93.64%
Volatility
ATR(14)0.11
ATR(20)%6.61%
ATR Inc89.26%
Range Today0.12
ADR(20)0.09
ADR(20)%6.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.63
Mansfield1.3
10 Day High1.63
10 Day Low1.14
20 Day High1.63
20 Day Low1.06
52 Week High1.95
52 Week Low0.8
CS1 End1.1
CR1 Start1.45
Volume & EV
DER(3)-4.91%
DER(5)-1.9%
Volume7.12M
Volume Incr12.01%
Vol(5)9.13M
Vol(50)6.72M