SOLUNA HOLDINGS INC (SLNH) Stock Technical Analysis
NASDAQ:SLNH - Nasdaq - US5835433013 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to SLNH. SLNH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than SLNH.
SLNH is part of the Software industry. There are 284 other stocks in this industry, of which 89% are performing better than SLNH.
SLNH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SLNH is lagging the market.
In the last month SLNH has a been trading in the 0.53 - 0.77 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SLNH has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.54
0.79
We found 1 important resistance area.
- A resistance zone ranging from 0.78 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 1.46 | NEGATIVE | SLNH has a low relative strength, it was outperformed by 98.54% 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) | UP | MIXED | The current price of SLNH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLNH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.42 | NEUTRAL | The RSI value for SLNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SLNH has a negative trend. |
| Stochastics (14,3) | 10.75 | OVERSOLD | The low Stochastics value suggests SLNH may be oversold. |
| Average True Range in percent/ATR (20) | 11.79 | HIGH VOLATILITY | The high ATR as a percentage value for SLNH suggests high volalility. |
| Average Directional Index/ADX (14) | 11.28 | NEGATIVE | The low ADX value for SLNH suggests a weak or negative 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)
0.55
-0.01 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.61%
1 Week-12%
2 Weeks-13.41%
1 Month-27.27%
3 Month-39%
6 Month-75.54%
12 Month-91.04%
2 Year-89.29%
3 Year-99.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%11.79%
ATR Inc-38.14%
Range Today0.04
ADR(20)0.06
ADR(20)%11.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.46
Mansfield-7.95
10 Day High0.77
10 Day Low0.53
20 Day High0.77
20 Day Low0.53
52 Week High7
52 Week Low0.36
CS1 EndN/A
CR1 Start0.78
Volume & EV
DER(3)-6.04%
DER(5)-9.61%
Volume227.80K
Volume Incr-39.73%
Vol(5)424.35K
Vol(50)526.03K