Tag: Mullen Automotive

BREAKING: Expert Says a MULN Short Squeeze is Highly Probable

Stock Market News: A MULN short squeeze could be underway soon according to experts.

Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.

Here is the latest MULN stock news.

MULN Short Squeeze Price Prediction

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - CNN Money.
MULN Stock Price Forecast 2023 – CNN Money.

The current analyst consensus is a strong buy.

Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.

Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.

In the past week, call options have dominated put options on Webull.

Today, we’re seeing MULN stock price consolidate as we get closer to earnings.

Where the company stock price goes from here will depend highly on news catalysts.

If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process.

MULN Short Interest Today

MULN’s short interest sits between 10%-44% according to a few data analytic websites.

Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat.

All the company needs to trigger a short squeeze is to give these bears a reason to run.

Will MULN Stock Go Up Soon?

Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company.

A bounce here could send the price to retest $0.60 in a few days or less.

Bullish continuation above $0.60 could take MULN stock to the $1 level.

But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.

Experts are still giving MULN stock a year-term projection of $23 per share.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

institutional investors
MULN stock institutional investors.

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

What are your thoughts on Mullen Automotive Stock?

Are you holding for a MULN short squeeze or is Mullen Automotive stock merely on your stock watchlist?

Leave a comment down below.

For more MULN stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

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Big Volume Raises MULN Share Prices by More Than +18%

Stock Market News Today: MULN share prices rise as volume surges.
Stock Market News Today: MULN share prices rise as volume surges.

Mullen Automotive (NASDAQ:MULN) share prices rose more than 18% on Wednesday after big volume carried the stock up to nearly $0.36 from its open of $0.2894.

MULN stock retested $0.35 after hours after closing the trading day at $0.3485.

Volume surged to 382 million, up 165 million from its average intraday volume of 216 million.

Technical analysis earlier this week showed us a push towards the upside would get triggered after breaking above $0.294 and $0.31.

Investors were able to build momentum causing MULN shares to rise on Wednesday.

MULN share prices have steadily traded in the $0.32 range since the beginning of the year.

The automotive stock jumped to $0.44 before retesting its major bottom level.

Will MULN shares keep rising?

117K Call Options vs 1.9K Put Options

A pattern we’ve been seeing with Mullen Automotive stock all of January is much larger call options than put options in the market.

Big volume pushed MULN share prices up on Wednesday with several call options making gains.

Webull’s volume distribution shows us MULN had 117K call options and 1.9k put options on Wednesday.

MULN Stock Webull - Franknez.com.
MULN Stock Webull – Franknez.com.

Call options in MULN have overwhelmed the minority of investors betting against the company stock.

As more and more retail investors come to discover Mullen Automotive, we can expect to see MULN share prices rise.

The company stock continues to be a ‘buy’ from analysts predicting shares to soar more than +7,000% this year.

MULN stock is predicted to reach a high of $24.15 in 2023.

Getting MULN shares to $1 will be the first big milestone for the company stock.

And while experts say continuation of 2022’s bear market can be expected this year, the market has shown us that investors have the power to move the markets as a whole, despite market conditions.

Read More MULN Stock News Here

Are you holding Mullen Automotive stock?

Leave your thoughts below on what you think will happen with MULN stock this year.

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FrankNez News - MULN Stock News, Business News, + more.
FrankNez News – MULN Stock News, Business News, + more.

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MULN Stock Price Is Predicted to Soar +7,000% This Year

MULN Stock Price is Predicted to Soar +7,000%
Stocks to Watch: MULN stock prediction & News | How high can MULN stock go?

Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.

The company recently had a series of successes leading to the new year.

And analysts are saying MULN stock is a big buy today.

Let’s dive deeper into what experts are telling us as well as what the retail community is saying.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

What Are Experts Saying About MULN Stock for 2023?

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share.

MULN Stock Price Forecast.
MULN Price Prediction | MULN Stock Price Forecast – source.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive is expected to grow substantially in 2023.

Investors Remain Bullish on MULN Stocktwits Forum

Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.

The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.

If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.

Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.

MULN Stock Call Options
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.

On Wednesday there were a total of 59.91K call options versus 1.85K put options.

Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.

But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.

Financial institutions have also begun to bulk up on their long positions.

Let’s take a look at a few names you might be familiar with.

Related: Is MULN Stock Price All-Time High on Its Way?

Which Financial Institutions Are Buying MULN Stock?

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional buyers | Who is buying MULN stock?
MULN stock institutional buyers | Who is buying MULN stock?

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.

Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.

Are you holding shares of Mullen Automotive?

MULN stock prediction, news, updates, + more on Franknez.com.

Share your thoughts below.

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Will MULN Shares Keep Surging?

Will MULN stock go up?
Stock Market News: Will MULN stock go up?

MULN shares rose +24.59% on Thursday to close at $0.41 (1/5).

The stock had closed at $0.33 its previous trading day.

Trading volume in Mullen Automotive also surged on Thursday, reaching 522 million, over 300 million more volume that its average daily volume.

The sentiment in MULN remains highly bullish as more retail investors discover the case study behind analyst predictions of a possible +7,000% move this year.

The company’s diverse and effective scalable energy solutions are making entry for exponential growth in 2023.

Will MULN shares keep rising?

Let’s take a look at the information that the market is presenting to us today.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

MULN Call Options Dwarf Sellers

Right off the bat we’re seeing investors are radiating strong bullish sentiment towards MULN stock.

On Thursday, there were a total of 194.01K call options versus 12.77k put options.

MULN Stock: Calls VS Puts - Franknez.com.
MULN Stock: Calls VS Puts – Franknez.com.

On Wednesday, call options dominated puts at 59.6k (calls) vs 1.85k (puts).

We saw an increase in call options by 135.4k and an increase of put options by 11k overnight.

We’re looking at market sentiment for MULN stock as 94% bullish and 6% bearish.

Short-term, it’s very possible we see MULN stock squeeze as the market cap multiplies.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased to $524.9 million in only the second trading day of the new year.

Today, the company’s market capitalization is nearing $700 million.

Will MULN stock keep going up?

Based on investor sentiment and buy volume, one would expect it to.

But let’s take a look at some technical analysis to determine a few possibilities.

Technical Analysis

MULN stock is testing its closing price after hours of $0.4180.

It’s begun to consolidate in a channel between $0.40 and $0.41 but we can it begin to trend upwards mid-channel.

MULN Technical Analysis - Franknez.com.
MULN Technical Analysis & stock price forecast – Franknez.com.

If price is able to break above $0.4180 then retail investors can expect another leg up to retest $0.44-$0.47.

A break above $0.47 and MULN will be retracing its steps first to $0.60-$0.70 and eventually to its first $1.

It’s during these levels where we can expect some type of serious FOMO and heavier buying to kick in.

As of today, several financial institutions are bullish on Mullen Automotive.

Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

Two of Mullen Automotive’s biggest investors being Vanguard and BlackRock.

All bullish signs of a stock that’s getting ready to scale up.

Now, say the stock moves down.

Our TA shows MULN may retest $0.40 with a strong probability of bouncing back to +$0.41.

However, in the scenario that it breaks below $0.40, we can expect the stock to retest $0.37-$0.38.

MULN Stock: Long-Term Outlook

Many of you reading this already know the analyst consensus for MULN stock is a ‘strong buy’.

Experts are predicting MULN shares to go up as much as +7,000% to $23 per share by the end of the year.

This is quite an ambitious approach.

MULN stock price forecast.
MULN stock price forecast.

In 2021, GameStop shares rose by more than +1,500% and AMC Entertainment rose by more than +3,000%!

In 2022, shares of AMTD Digital, Inc. (HKD) stock surged more than +20,000% since its IPO date just a month prior.

A +7,000% gain rise in MULN shares is certainly not unprecedented.

Some shareholders argue the rise to $23 could be the beginning for Mullen Automotive.

But I’m curious to hear what you think.

Leave a comment down below.

You can read more MULN information here.

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Or follow me on Twitter and Instagram for daily posts.

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