We assign a technical rating of 4 out of 10 to SION. SION was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, SION is a bad performer in the overall market: 100% of all stocks are doing better.
- SION is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 93% are performing better than SION.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- In the last month SION has a been trading in the 34.63 - 45.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, SION does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.89, a Stop Loss order could be placed below this zone.
More info and screens
35.97
We found 3 important support areas.
- A support zone ranging from 39.10 to 40.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.93 from a trend line in the daily time frame.
- A support zone ranging from 36.33 to 36.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.71 to 44.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SION is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SION is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SION has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SION is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SION is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SION is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.1 | NEUTRAL | The RSI value for SION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests SION has a positive trend. |
| Stochastics (14,3) | 87.9 | OVERBOUGHT | The high Stochastics value suggests SION may be overbought. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for SION suggests high volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for SION suggests a weak or negative trend. |
42.6
+0.22 (+0.52%)
SIONNA THERAPEUTICS INC / SION FAQ
What is the technical rating for SION stock?
ChartMill assigns a technical rating of 4 / 10 to SION.
What is the trend direction for SION stock?
The current trend direction for SIONNA THERAPEUTICS INC (SION) is Bullish.
Can you provide the RSI signal for SIONNA THERAPEUTICS INC?
SIONNA THERAPEUTICS INC (SION) has an RSI value of 55.0979. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SIONNA THERAPEUTICS INC?
The MACD indicator for SIONNA THERAPEUTICS INC (SION) has a value of 0.365541, indicating a bearish trend.