SIONNA THERAPEUTICS INC (SION) Technical Analysis
NASDAQ:SION • US8294011080
Current stock price
SION Technical Rating and Analysis
Taking everything into account, SION scores 10 out of 10 in our technical rating. SION has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SION is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by SION over the past year are nicely spread over this period.
- SION is part of the Biotechnology industry. There are 516 other stocks in this industry. SION outperforms 89% of them.
- 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.
- In the last month SION has a been trading in the 34.95 - 46.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SION Weekly and Daily overview Charts
SION Setup Rating and Analysis
Besides having an excellent technical rating, SION also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
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SION Support and Resistance Analysis
34.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.78 to 42.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @37.08 from a trend line in the daily time frame.
- Support @35.99 from a trend line in the daily time frame.
- 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 43.71 to 44.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.25 from a horizontal line in the daily time frame.
SION 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 | UP | POSITIVE | The long term trend for SION is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SION is up. |
| ChartMill Relative Strength | 97.13 | POSITIVE | SION has a high relative strength, it outperformed 97.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SION is above the rising 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) | 58.88 | NEUTRAL | The RSI value for SION is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests SION has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.63 | NEUTRAL | The Stochastics value for SION is a neutral value. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for SION suggests high volalility. |
| Average Directional Index/ADX (14) | 18.2 | NEGATIVE | The low ADX value for SION suggests a weak or negative trend. |
SION Chart- and CandleStick Pattern Analysis
SION Technicals: Chart, Performance Metrics, Trend & Indicators
43.2
+1.41 (+3.37%)
SIONNA THERAPEUTICS INC / SION TA FAQ
What is the technical rating for SION stock?
ChartMill assigns a technical rating of 10 / 10 to SION.
What is the trend direction for SION stock?
The current trend direction for SIONNA THERAPEUTICS INC (SION) is Bullish.
What is the RSI signal for SION stock?
SIONNA THERAPEUTICS INC (SION) has an RSI value of 58.8795. This indicates that the stock is currently neutral.
What is the short term momentum for SIONNA THERAPEUTICS INC (SION) stock?
The short term momentum for SIONNA THERAPEUTICS INC (SION) is positive.
What are the support and resistance levels for SIONNA THERAPEUTICS INC (SION) stock?
SIONNA THERAPEUTICS INC (SION) has a support level at 42.34 and a resistance level at 43.71. Check the full technical report for our detailed analysis of SION support and resistance levels.