SOLUNA HOLDINGS INC (SLNH) Stock Technical Analysis
NASDAQ:SLNH • US5835433013
Taking everything into account, SLNH scores 0 out of 10 in our technical rating. SLNH 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 89% of all other stocks performed better in the past year than SLNH.
- SLNH 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.
- In the last month SLNH has a been trading in the 0.75 - 1.39 range, which is quite wide. It is currently trading near the lows of this range.
- SLNH has an average volume of 5658890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SLNH is part of the Software industry. There are 274 other stocks in this industry, SLNH did better than 48% of them.
- Considerably lower volume is observed in the last couple of days.
SLNH has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
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0.78
When analyzing the support we can see 3 important areas.
- Support @0.88 from a horizontal line in the weekly time frame.
- Support @0.85 from a horizontal line in the daily time frame.
- Support @0.79 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.93 to 0.93. 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 SLNH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLNH is down. |
| ChartMill Relative Strength | 11.28 | NEGATIVE | SLNH has a low relative strength, it was outperformed by 88.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLNH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLNH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLNH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.98 | NEUTRAL | The RSI value for SLNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SLNH has a positive trend. |
| Stochastics (14,3) | 37.95 | NEUTRAL | The Stochastics value for SLNH is a neutral value. |
| Average True Range in percent/ATR (20) | 15.2 | HIGH VOLATILITY | The high ATR as a percentage value for SLNH suggests high volalility. |
| Average Directional Index/ADX (14) | 22.55 | NEUTRAL | The ADX value for SLNH suggests a possible start of a new trend. |
0.9151
+0.03 (+3.84%)
SOLUNA HOLDINGS INC / SLNH FAQ
Can you provide the ChartMill technical rating for SOLUNA HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to SLNH.
Can you provide the trend direction for SOLUNA HOLDINGS INC?
The current trend direction for SOLUNA HOLDINGS INC (SLNH) is Bearish.
Can you provide the RSI signal for SOLUNA HOLDINGS INC?
SOLUNA HOLDINGS INC (SLNH) has an RSI value of 39.977. This indicates that the stock is currently neutral.
What is the MACD signal for SLNH stock?
The MACD indicator for SOLUNA HOLDINGS INC (SLNH) has a value of 0.0146087, indicating a bearish trend.
What is the short term momentum for SLNH stock?
The short term momentum for SOLUNA HOLDINGS INC (SLNH) is negative.