Taking everything into account, SCKT scores 4 out of 10 in our technical rating. SCKT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
SCKT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. 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 1.15, a Stop Loss order could be placed below this zone.
More info and screens
0.91
2 important support areas can be observed.
- A support 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.
- Support @0.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.31 to 1.33. 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 | UP | POSITIVE | The long term trend for SCKT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SCKT is neutral. |
| ChartMill Relative Strength | 32.58 | 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) | UP | POSITIVE | The current price of SCKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.35 | NEUTRAL | The RSI value for SCKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SCKT has a negative trend. |
| Stochastics (14,3) | 55.93 | NEUTRAL | The Stochastics value for SCKT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for SCKT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.51 | POSITIVE | The high ADX value value for SCKT suggests a strong trend. |
1.16
+0.02 (+1.75%)
SOCKET MOBILE INC / SCKT FAQ
Can you provide the ChartMill technical rating for SOCKET MOBILE INC?
ChartMill assigns a technical rating of 4 / 10 to SCKT.
What is the current trend direction of SOCKET MOBILE INC (SCKT) stock?
The current trend direction for SOCKET MOBILE INC (SCKT) is Bullish.
What is the RSI signal for SOCKET MOBILE INC (SCKT) stock?
SOCKET MOBILE INC (SCKT) has an RSI value of 46.3461. This indicates that the stock is currently neutral.
What is the support and resistance level for SCKT stock?
SOCKET MOBILE INC (SCKT) has a support level at 1.15 and a resistance level at 1.31. Check the full technical report for our detailed analysis of SCKT support and resistance levels.