NASDAQ:SLNO - Nasdaq - US8342033094 - Common Stock - Currency: USD
Taking everything into account, SLNO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLNO is showing a nice and steady performance.
Besides having an excellent technical rating, SLNO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
49.23
When analyzing the support we can see 4 important areas.
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 SLNO is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLNO is up. |
ChartMill Relative Strength | 96.64 | POSITIVE | SLNO has a high relative strength, it outperformed 96.64% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLNO is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLNO is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLNO is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 59.33 | NEUTRAL | The RSI value for SLNO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SLNO has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 64.65 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SLNO suggests some volalility. |
Average Directional Index/ADX (14) | 14.66 | NEGATIVE | The low ADX value for SLNO suggests a weak or negative trend. |
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 |
---|---|---|---|
81.55 | 78.18 | 3.37 (4.13%) | 24.19% |
An entry @81.55. This is a Buy Stop order right above the 10 day high. | An exit @78.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.37 points, which is 4.13%. | When investing 24.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
79.38
+1.78 (+2.29%)