We assign a technical rating of 2 out of 10 to SANA. SANA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month SANA has a been trading in the 3.53 - 5.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SANA has an average volume of 3823520 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.
- When comparing the yearly performance of all stocks, we notice that SANA is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SANA is part of the Biotechnology industry. There are 525 other stocks in this industry, SANA did better than 62% of them.
- SANA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SANA is lagging the market.
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
3.50
We found 2 important support areas.
- A support zone ranging from 3.89 to 3.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 3.54 to 3.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @4.85 from a trend line in the daily time frame.
- Resistance @5.14 from a horizontal line in the daily time frame.
- Resistance @5.40 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 | 71.52 | POSITIVE | SANA has a high relative strength, it outperformed 71.52% 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) | UP | MIXED | The current price of SANA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SANA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.47 | NEUTRAL | The RSI value for SANA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SANA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.82 | OVERSOLD | The low Stochastics value suggests SANA may be oversold. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for SANA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for SANA suggests a weak or negative trend. |
3.93
+0.38 (+10.7%)
SANA BIOTECHNOLOGY INC / SANA FAQ
Can you provide the ChartMill technical rating for SANA BIOTECHNOLOGY INC?
ChartMill assigns a technical rating of 2 / 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 40.4658. 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 3.92 and a resistance level at 4.85. Check the full technical report for our detailed analysis of SANA support and resistance levels.