SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
NASDAQ:SLNO • US8342033094
Overall SLNO gets a technical rating of 0 out of 10. SLNO'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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, SLNO is a bad performer in the overall market: 83% of all stocks are doing better.
- SLNO is one of the lesser performing stocks in the Biotechnology industry. 62% of 521 stocks in the same industry do better.
- SLNO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- SLNO has an average volume of 1464450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SLNO has a been trading in the 36.67 - 44.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SLNO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.52. Right above this resistance zone may be a good entry point.
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36.86
When analyzing the support we notice one important area.
- A support zone ranging from 37.23 to 37.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.52 to 44.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.36 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for SLNO is neutral. |
| ChartMill Relative Strength | 17.05 | NEGATIVE | SLNO has a low relative strength, it was outperformed by 82.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SLNO is above 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) | 49.84 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SLNO has a positive trend. |
| Stochastics (14,3) | 47.44 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for SLNO suggests a possible start of a new trend. |
41.01
+1.85 (+4.72%)
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 49.8365. This indicates that the stock is currently neutral.
What is the short term momentum for SLNO stock?
The short term momentum for SOLENO THERAPEUTICS INC (SLNO) is neutral.
What is the support and resistance level for SLNO stock?
SOLENO THERAPEUTICS INC (SLNO) has a support level at 37.23 and a resistance level at 43.52. Check the full technical report for our detailed analysis of SLNO support and resistance levels.