We assign a technical rating of 2 out of 10 to SLNH. 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.
- When comparing the yearly performance of all stocks, SLNH is a bad performer in the overall market: 94% of all stocks are doing better.
- SLNH is part of the Software industry. There are 277 other stocks in this industry, of which 76% are performing better 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 1.08 - 1.87 range, which is quite wide. It is currently trading near the high of this range.
- SLNH has an average volume of 5487270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Although the technical rating is bad, SLNH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.25
2 important support areas can be observed.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.26 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.79 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 | NEUTRAL | NEUTRAL | The long term trend for SLNH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLNH is neutral. |
| ChartMill Relative Strength | 6.56 | NEGATIVE | SLNH has a low relative strength, it was outperformed by 93.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLNH is above the rising 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 | POSITIVE | The current price of SLNH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.77 | NEUTRAL | The RSI value for SLNH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SLNH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73 | NEUTRAL | The Stochastics value for SLNH is a neutral value. |
| Average True Range in percent/ATR (20) | 11 | HIGH VOLATILITY | The high ATR as a percentage value for SLNH suggests high volalility. |
| Average Directional Index/ADX (14) | 13.29 | NEGATIVE | The low ADX value for SLNH suggests a weak or negative trend. |
1.67
+0.07 (+4.37%)
SOLUNA HOLDINGS INC / SLNH FAQ
Can you provide the ChartMill technical rating for SOLUNA HOLDINGS INC?
ChartMill assigns a technical rating of 2 / 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 50.7651. 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 0.0383331, indicating a bearish trend.
What is the short term momentum for SLNH stock?
The short term momentum for SOLUNA HOLDINGS INC (SLNH) is neutral.