SOCKET MOBILE INC (SCKT) Stock Technical Analysis
NASDAQ:SCKT - Nasdaq - US83368E2000 - Common Stock - Currency: USD
Overall SCKT gets a technical rating of 0 out of 10. SCKT 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
66% of all other stocks performed better in the past year than SCKT.
In the last month SCKT has a been trading in the 1.13 - 1.25 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SCKT has an average volume of 12990 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
SCKT is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 45% of 32 stocks in the same industry.
SCKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCKT is lagging the market.
Considerably lower volume is observed in the last couple of days.
SCKT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SCKT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.92
1.29
2 important support areas can be observed.
- A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.93 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.22 from a horizontal line in the weekly time frame.
- Resistance @1.24 from a horizontal line in the daily time frame.
- Resistance @1.28 from a horizontal 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 SCKT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCKT is neutral. |
| ChartMill Relative Strength | 34.28 | NEUTRAL | SCKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SCKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.96 | NEUTRAL | The RSI value for SCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SCKT has a negative trend. |
| Stochastics (14,3) | 24.32 | NEUTRAL | The Stochastics value for SCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SCKT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.56 | NEUTRAL | The ADX value for SCKT suggests a possible start of a new 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)
1.132
-0.05 (-4.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-4.63%
1 Week-5.67%
2 Weeks-8.34%
1 Month-1.57%
3 Month-12.92%
6 Month-21.94%
12 Month13.2%
2 Year-24.53%
3 Year-60%
5 Year-35.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%4.49%
ATR Inc-37.16%
Range Today0.06
ADR(20)0.05
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.28
Mansfield-1.51
10 Day High1.25
10 Day Low1.13
20 Day High1.25
20 Day Low1.13
52 Week High1.72
52 Week Low0.91
CS1 End0.98
CR1 Start1.17
Volume & EV
DER(3)12.08%
DER(5)2.18%
Volume4.90K
Volume Incr-45.11%
Vol(5)5.67K
Vol(50)12.99K