SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
USA - NASDAQ:SLNO - US8342033094 - Common Stock
62.74 USD
+0.63 (+1.01%)
62.5 USD
-0.24 (-0.38%)
We assign a technical rating of 1 out of 10 to SLNO. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
75% of all other stocks performed better in the past year than SLNO.
SLNO has an average volume of 1944330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLNO is an average performer in the Biotechnology industry, it outperforms 42% of 536 stocks in the same industry.
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.
In the last month SLNO has a been trading in the 48.91 - 68.46 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 poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
47.92
81.70
We found 5 important support areas.
- A support zone ranging from 57.97 to 58.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @54.93 from a trend line in the weekly time frame.
- Support @53.61 from a horizontal line in the weekly time frame.
- Support @50.39 from a trend line in the daily time frame.
- A support zone ranging from 48.40 to 49.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 64.54 to 64.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.90 from a horizontal line in the daily time frame.
- Resistance @80.89 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 | 25.05 | NEGATIVE | SLNO has a low relative strength, it was outperformed by 74.95% 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) | DOWN | NEGATIVE | The current price of SLNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLNO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.99 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests SLNO has a positive trend. |
| Stochastics (14,3) | 56.85 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for SLNO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
62.74
+0.63 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.01%
1 Week4.36%
2 Weeks-2.73%
1 Month4.54%
3 Month-23.08%
6 Month-6.68%
12 Month14.59%
2 Year163.06%
3 Year6237.37%
5 Year140.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.52
ATR(20)%6.89%
ATR Inc9.4%
Range Today4.7
ADR(20)3.98
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.05
Mansfield-1.11
10 Day High68.46
10 Day Low55.78
20 Day High68.46
20 Day Low48.91
52 Week High90.32
52 Week Low41.5
CS1 End58.77
CR1 Start64.54
Volume & EV
DER(3)-1.77%
DER(5)1.14%
Volume1.23M
Volume Incr-42.36%
Vol(5)1.48M
Vol(50)1.94M