RSI low/high Values: [ 20 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MULN
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Green day on Friday for Mullen Automotive stock after gaining 2.37%
(Updated on Sep 29, 2023)

Sell candidate since Feb 16, 2023 Loss -99.31% PDF

The Mullen Automotive stock price gained 2.37% on the last trading day (Friday, 29th Sep 2023), rising from $0.444 to $0.454. During the last trading day the stock fluctuated 5.14% from a day low at $0.438 to a day high of $0.460. The price has fallen in 7 of the last 10 days and is down by -33.24% for this period. Volume fell on the last day by -16 million shares and in total, 26 million shares were bought and sold for approximately $11.66 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

MULN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mullen Automotive stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.506 and $0.607. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, July 06, 2023, and so far it has fallen -77.12%. Further fall is indicated until a new bottom pivot has been found.

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Support, Risk & Stop-loss for Mullen Automotive stock

Mullen Automotive finds support from accumulated volume at $0.450 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0225 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 10.44%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MULN) For The Upcoming Trading Day Of Monday 2nd

For the upcoming trading day on Monday, 2nd we expect Mullen Automotive, Inc. to open at $0.451, and during the day (based on 14 day Average True Range), to move between $0.356 and $0.552, which gives a possible trading interval of +/-$0.0979 (+/-21.57%) up or down from last closing price. If Mullen Automotive, Inc. takes out the full calculated possible swing range there will be an estimated 43.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.450 (0.84%) than the resistance at $0.490 (7.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mullen Automotive, Inc. stock A Buy?

Mullen Automotive holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.714 Open Broker Account

Strong Sell Candidate Unchanged

Predicted Opening Price for Mullen Automotive, Inc. of Monday, October 2, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price October 2, 2023 Current price
$0.451 $0.454 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.473 4.19 %
R2 0.464 2.29 %
R1 0.459 1.12 %
Current price: 0.454
Support S1 0.442 -2.66 %
S2 0.437 -3.83 %
S3 0.428 -5.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.564 24.25 %
R2 0.527 16.08 %
R1 0.490 7.93 %
Current price 0.454
Support S1 0.450 -0.84%
S2 0.444 -2.31%
S3 0.425 -6.43%


What is the symbol for Mullen Automotive Stock and on which exchange is it traded?
The symbol for Mullen Automotive is MULN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Mullen Automotive Stock?
Mullen Automotive holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Mullen Automotive Stock?
Mullen Automotive Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mullen Automotive Stock.

What's the current price of Mullen Automotive Stock?
As of the end of day on the 2023-09-29, the price of an Mullen Automotive (MULN) share was $0.454.

What is the 52-week high and low for Mullen Automotive Stock?
The 52-week high for Mullen Automotive Stock is $137.25 and the 52-week low is $0.390.

What is the market capitalization of Mullen Automotive Stock?
As of the 2023-09-29, the market capitalization of Mullen Automotive is 83.613M.

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About Mullen Automotive, Inc.

Mullen Automotive Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.... MULN Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE