SOCIETY PASS INC (SOPA) Stock Technical Analysis
USA - NASDAQ:SOPA - US83370P2011 - Common Stock
Taking everything into account, SOPA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOPA is showing a nice and steady performance.
SOPA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for SOPA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.08
4 important support areas can be observed.
- Support @2.51 from a horizontal line in the daily time frame.
- Support @1.14 from a horizontal line in the weekly time frame.
- Support @1.12 from a horizontal line in the daily time frame.
- Support @1.09 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @3.17 from a trend line in the weekly time frame.
- Resistance @5.26 from a trend 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 | UP | POSITIVE | The long term trend for SOPA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOPA is up. |
| ChartMill Relative Strength | 97.6 | POSITIVE | SOPA has a high relative strength, it outperformed 97.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOPA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOPA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOPA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.82 | NEUTRAL | The RSI value for SOPA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SOPA has a negative trend. |
| Stochastics (14,3) | 15.34 | OVERSOLD | The low Stochastics value suggests SOPA may be oversold. |
| Average True Range in percent/ATR (20) | 26.73 | HIGH VOLATILITY | The high ATR as a percentage value for SOPA suggests high volalility. |
| Average Directional Index/ADX (14) | 38.02 | POSITIVE | The high ADX value value for SOPA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.18 | 2.50 | 0.68 (21.38%) | 4.68% |
| An entry @3.18. This is a Buy Stop order right above the resistance zone. | An exit @2.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.68 points, which is 21.38%. | For a 1.00% total portfolio risk, you can invest 4.68% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOPA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.65
-0.29 (-9.86%)
SOCIETY PASS INC / SOPA FAQ
What is the ChartMill technical rating of SOCIETY PASS INC (SOPA) stock?
ChartMill assigns a technical rating of 10 / 10 to SOPA.
What is the current trend direction of SOCIETY PASS INC (SOPA) stock?
The current trend direction for SOCIETY PASS INC (SOPA) is Bullish.
Can you provide the RSI signal for SOCIETY PASS INC?
SOCIETY PASS INC (SOPA) has an RSI value of 51.8238. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOCIETY PASS INC?
The MACD indicator for SOCIETY PASS INC (SOPA) has a value of -0.0847392, indicating a bearish trend.
What is the short term momentum for SOPA stock?
The short term momentum for SOCIETY PASS INC (SOPA) is positive.