SCNI Technical Analysis - SCINAI IMMUNOTHERAPEUTICS LT

Technical Rating and Analysis

Overall SCNI gets a technical rating of 1 out of 10. SCNI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

97% of all other stocks performed better in the past year than SCNI.

SCNI is one of the lesser performing stocks in the Biotechnology industry. 83% of 536 stocks in the same industry do better.

SCNI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month SCNI has a been trading in the 1.20 - 1.64 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCINAI IMMUNOTHERAPEUTICS LT / SCNI Weekly stock chart

SCINAI IMMUNOTHERAPEUTICS LT / SCNI Daily stock chart

Setup Rating and Analysis

The technical rating of SCNI 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.52

2.91

We can see 5 important resistance areas.

A resistance zone ranging from 1.62 to 1.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.76 from a trend line in the weekly time frame.
Resistance @2.54 from a trend line in the daily time frame.
Resistance @2.77 from a trend line in the weekly time frame.
Resistance @2.88 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for SCNI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SCNI is neutral.
ChartMill Relative Strength	3.57	NEGATIVE	SCNI has a low relative strength, it was outperformed by 96.43% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SCNI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SCNI is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SCNI is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.73	NEUTRAL	The RSI value for SCNI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests SCNI has a positive trend.
Stochastics (14,3)	65.97	NEUTRAL	The Stochastics value for SCNI is a neutral value.
Average True Range in percent/ATR (20)	6.16	HIGH VOLATILITY	The high ATR as a percentage value for SCNI suggests high volalility.
Average Directional Index/ADX (14)	21.04	NEUTRAL	The ADX value for SCNI suggests a possible start of a new trend.