SANA BIOTECHNOLOGY INC (SANA) Technical Analysis
NASDAQ:SANA • US7995661045
Taking everything into account, SANA scores 0 out of 10 in our technical rating. SANA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, SANA is a bad performer in the overall market: 77% of all stocks are doing better.
- In the last month SANA has a been trading in the 3.00 - 4.45 range, which is quite wide. It is currently trading near the lows of this range.
- SANA has an average volume of 2423760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SANA is an average performer in the Biotechnology industry, it outperforms 42% of 519 stocks in the same industry.
- SANA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SANA is lagging the market slightly.
The technical rating of SANA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.11
When analyzing the support we notice one important area.
- Support @3.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.94 to 3.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.39 from a trend line in the weekly time frame.
- Resistance @4.52 from a trend line in the daily time frame.
- Resistance @5.14 from a horizontal line in the daily time frame.
- Resistance @5.34 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for SANA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SANA is down. |
| ChartMill Relative Strength | 23.77 | NEGATIVE | SANA has a low relative strength, it was outperformed by 76.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SANA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SANA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SANA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.38 | NEUTRAL | The RSI value for SANA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SANA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.95 | OVERSOLD | The low Stochastics value suggests SANA may be oversold. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for SANA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for SANA suggests a possible start of a new trend. |
SANA Technicals: Chart, Performance Metrics, Trend & Indicators
3.36
+0.27 (+8.74%)
SANA BIOTECHNOLOGY INC / SANA FAQ
Can you provide the ChartMill technical rating for SANA BIOTECHNOLOGY INC?
ChartMill assigns a technical rating of 0 / 10 to SANA.
What is the trend direction for SANA stock?
The current trend direction for SANA BIOTECHNOLOGY INC (SANA) is Bearish.
Can you provide the RSI signal for SANA BIOTECHNOLOGY INC?
SANA BIOTECHNOLOGY INC (SANA) has an RSI value of 39.3769. This indicates that the stock is currently neutral.
What are the support and resistance levels for SANA BIOTECHNOLOGY INC (SANA) stock?
SANA BIOTECHNOLOGY INC (SANA) has a support level at 3.14 and a resistance level at 3.94. Check the full technical report for our detailed analysis of SANA support and resistance levels.