SOLENO THERAPEUTICS INC (SLNO) Technical Analysis
NASDAQ:SLNO • US8342033094
Current stock price
SLNO Technical Rating and Analysis
Overall SLNO gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLNO is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month SLNO has a been trading in the 29.78 - 52.88 range, which is quite wide. It is currently trading near the high of this range.
- SLNO has an average volume of 3820290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SLNO outperforms 46% of them, which is more or less in line with the market.
- SLNO is part of the Biotechnology industry. There are 515 other stocks in this industry, SLNO did better than 47% of them.
- SLNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SLNO is lagging the market.
- Considerably lower volume is observed in the last couple of days.
SLNO Weekly and Daily overview Charts
SLNO Setup Rating and Analysis
SLNO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 52.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.71, a Stop Loss order could be placed below this zone.
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SLNO Support and Resistance Analysis
52.03
When analyzing the support we notice one important area.
- A support zone ranging from 52.56 to 52.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.79 to 52.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
SLNO Technical Indicator Signal Analysis
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 | 46.41 | NEUTRAL | SLNO is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SLNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.96 | OVERBOUGHT | The high RSI value suggests SLNO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SLNO has a negative trend. |
| Stochastics (14,3) | 84.94 | OVERBOUGHT | The high Stochastics value suggests SLNO may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for SLNO suggests some volalility. |
| Average Directional Index/ADX (14) | 44.75 | POSITIVE | The high ADX value value for SLNO suggests a strong trend. |
SLNO Chart- and CandleStick Pattern Analysis
SLNO Example Setup
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 |
|---|---|---|---|
| 52.85 | 52.55 | 0.30 (0.57%) | 25.00% |
| An entry @52.85. This is a Buy Stop order right above the resistance zone. | An exit @52.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 0.57%. | For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
SLNO Technicals: Chart, Performance Metrics, Trend & Indicators
52.75
+0.03 (+0.06%)
SOLENO THERAPEUTICS INC / SLNO TA FAQ
What is the ChartMill technical rating of SOLENO THERAPEUTICS INC (SLNO) stock?
ChartMill assigns a technical rating of 8 / 10 to SLNO.
What is the current trend direction of SOLENO THERAPEUTICS INC (SLNO) stock?
The current trend direction for SOLENO THERAPEUTICS INC (SLNO) is Bullish.
Can you provide the RSI signal for SOLENO THERAPEUTICS INC?
SOLENO THERAPEUTICS INC (SLNO) has an RSI value of 76.9645. This indicates that the stock is currently overbought.
What is the buy/sell signal for SOLENO THERAPEUTICS INC (SLNO) stock?
The buy/sell signal for SOLENO THERAPEUTICS INC (SLNO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SOLENO THERAPEUTICS INC?
SOLENO THERAPEUTICS INC (SLNO) has a support level at 52.71 and a resistance level at 52.79. Check the full technical report for our detailed analysis of SLNO support and resistance levels.