SOCKET MOBILE INC (SCKT) Stock Technical Analysis
NASDAQ:SCKT - Nasdaq - US83368E2000 - Common Stock - Currency: USD
Taking everything into account, SCKT scores 3 out of 10 in our technical rating. In the past year, SCKT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, SCKT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.18, a Stop Loss order could be placed below this zone. 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
3 important support areas can be observed.
- A support zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.99 from a trend line in the daily time frame.
- Support @0.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
NASDAQ:SCKT (5/7/2025, 11:54:33 AM)
1.2322
+0.01 (+1%)