USA - NASDAQ:SCKT - US83368E2000 - Common Stock
Taking everything into account, SCKT scores 7 out of 10 in our technical rating. SCKT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although SCKT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
0.91
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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 SCKT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCKT is up. |
| ChartMill Relative Strength | 58.39 | NEUTRAL | SCKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCKT is above the rising 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) | DOWN | MIXED | The current price of SCKT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.68 | OVERBOUGHT | The high RSI value suggests SCKT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SCKT has a positive trend. |
| Stochastics (14,3) | 88.39 | OVERBOUGHT | The high Stochastics value suggests SCKT may be overbought. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SCKT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.41 | POSITIVE | The high ADX value value for SCKT suggests a strong trend. |
1.23
0 (0%)
ChartMill assigns a technical rating of 7 / 10 to SCKT.
The current trend direction for SOCKET MOBILE INC (SCKT) is Bearish.
SOCKET MOBILE INC (SCKT) has an RSI value of 76.6797. This indicates that the stock is currently overbought.
SOCKET MOBILE INC (SCKT) has a support level at 1.08 and a resistance level at 1.24. Check the full technical report for our detailed analysis of SCKT support and resistance levels.