SOBR Technical Analysis - SOBR SAFE INC

Technical Rating and Analysis

Taking everything into account, SOBR scores 0 out of 10 in our technical rating. SOBR 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.

When comparing the yearly performance of all stocks, SOBR is a bad performer in the overall market: 97% of all stocks are doing better.

SOBR is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 91% of 124 stocks in the same industry do better.

SOBR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SOBR has a been trading in the 2.98 - 3.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, SOBR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 3.36, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.09

3.71

We found 2 important support areas.

A support zone ranging from 3.31 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 3.12 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

Resistance @3.53 from a horizontal line in the daily time frame.
A resistance zone ranging from 3.60 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 SOBR is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SOBR is neutral.
ChartMill Relative Strength	3.93	NEGATIVE	SOBR has a low relative strength, it was outperformed by 96.07% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of SOBR is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SOBR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SOBR is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.66	NEUTRAL	The RSI value for SOBR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests SOBR has a positive trend.
Stochastics (14,3)	57.52	NEUTRAL	The Stochastics value for SOBR is a neutral value.
Average True Range in percent/ATR (20)	6.15	HIGH VOLATILITY	The high ATR as a percentage value for SOBR suggests high volalility.
Average Directional Index/ADX (14)	11.11	NEGATIVE	The low ADX value for SOBR suggests a weak or negative trend.