Overall SLNO gets a technical rating of 0 out of 10. SLNO 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.
- 90% of all other stocks performed better in the past year than SLNO.
- SLNO is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 66% are performing better than SLNO.
- SLNO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SLNO has a been trading in the 37.95 - 50.88 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.
- SLNO has an average volume of 1538370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SLNO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
38.17
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 41.85 to 42.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @43.76 from a horizontal line in the daily time frame.
- Resistance @49.79 from a trend line in the weekly time frame.
- Resistance @52.16 from a trend line in the daily time frame.
- Resistance @71.90 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 | DOWN | NEGATIVE | The long term trend for SLNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLNO is down. |
| ChartMill Relative Strength | 10.15 | NEGATIVE | SLNO has a low relative strength, it was outperformed by 89.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLNO is below a declining 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) | 29.53 | OVERSOLD | The low RSI value suggests SLNO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SLNO has a negative trend. |
| Stochastics (14,3) | 14.81 | OVERSOLD | The low Stochastics value suggests SLNO may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 10.85 | NEGATIVE | The low ADX value for SLNO suggests a weak or negative trend. |
38.56
-1.99 (-4.91%)
SOLENO THERAPEUTICS INC / SLNO FAQ
What is the ChartMill technical rating of SOLENO THERAPEUTICS INC (SLNO) stock?
ChartMill assigns a technical rating of 0 / 10 to SLNO.
Can you provide the trend direction for SOLENO THERAPEUTICS INC?
The current trend direction for SOLENO THERAPEUTICS INC (SLNO) is Bearish.
What is the RSI signal for SOLENO THERAPEUTICS INC (SLNO) stock?
SOLENO THERAPEUTICS INC (SLNO) has an RSI value of 29.5345. This indicates that the stock is currently oversold.
What is the short term momentum for SLNO stock?
The short term momentum for SOLENO THERAPEUTICS INC (SLNO) is negative.
What is the support and resistance level for SLNO stock?
SOLENO THERAPEUTICS INC (SLNO) has a resistance level at 41.85. Check the full technical report for our detailed analysis of SLNO support and resistance levels.