SILENCE THERAPEUTICS PLC-ADR (SLN) Stock Technical Analysis
NASDAQ:SLN - Nasdaq - US82686Q1013 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to SLN. SLN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
SLN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 SLN has a been trading in the 4.81 - 6.35 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, SLN turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
SLN is part of the Biotechnology industry. There are 558 other stocks in this industry, SLN did better than 69% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, SLN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.05. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SLN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.28
6.11
When analyzing the support we notice one important area.
- A support zone ranging from 5.33 to 5.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.05 to 6.05. 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 | DOWN | NEGATIVE | The long term trend for SLN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLN is up. |
| ChartMill Relative Strength | 51.4 | NEUTRAL | SLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.69 | NEUTRAL | The RSI value for SLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SLN has a positive trend. |
| Stochastics (14,3) | 73.84 | NEUTRAL | The Stochastics value for SLN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.88 | HIGH VOLATILITY | The high ATR as a percentage value for SLN suggests high volalility. |
| Average Directional Index/ADX (14) | 44.53 | POSITIVE | The high ADX value value for SLN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.06 | 5.32 | 0.74 (12.21%) | 8.19% |
| An entry @6.06. This is a Buy Stop order right above the resistance zone. | An exit @5.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.74 points, which is 12.21%. | When investing 8.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.045
+0.28 (+4.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.77%
1 Week19.47%
2 Weeks13.84%
1 Month19.47%
3 Month75.73%
6 Month-14.86%
12 Month-68.18%
2 Year9.91%
3 Year-48.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%8.88%
ATR Inc-10.12%
Range Today0.4
ADR(20)0.52
ADR(20)%8.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.4
Mansfield-4.41
10 Day High6.25
10 Day Low5
20 Day High6.35
20 Day Low4.81
52 Week High22.47
52 Week Low1.97
CS1 End5.37
CR1 Start6.05
Volume & EV
DER(3)5.3%
DER(5)0.92%
Volume131.50K
Volume Incr-13.65%
Vol(5)116.26K
Vol(50)189.37K