SIONNA THERAPEUTICS INC (SION) Stock Technical Analysis
NASDAQ:SION • US8294011080
We assign a technical rating of 4 out of 10 to SION. In the last year, SION was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that SION is one of the better performing stocks in the market, outperforming 84% of all stocks.
- SION is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 520 stocks in the same industry.
- SION is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SION is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month SION has a been trading in the 32.46 - 44.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
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 37.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.48, a Stop Loss order could be placed below this zone.
More info and screens
34.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.24 to 35.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.12 to 38.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.38 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SION is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SION is down. |
| ChartMill Relative Strength | 84.62 | POSITIVE | SION has a high relative strength, it outperformed 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SION is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SION is below a declining 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) | 39.52 | NEUTRAL | The RSI value for SION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SION has a negative trend. |
| Stochastics (14,3) | 35.06 | NEUTRAL | The Stochastics value for SION is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for SION suggests high volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for SION suggests a weak or negative trend. |
35.49
-1.85 (-4.95%)
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 39.5198. 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 -0.308272, indicating a bearish trend.
What is the buy/sell signal for SION stock?
The buy/sell signal for SIONNA THERAPEUTICS INC (SION) is hold as the short term and long term trends are mixed.