SOLENO THERAPEUTICS INC (SLNO) Technical Analysis
NASDAQ:SLNO • US8342033094
Current stock price
39.49 USD
+2.5 (+6.76%)
At close:
39.64 USD
+0.15 (+0.38%)
After Hours:
SLNO Technical Rating and Analysis
Overall SLNO gets a technical rating of 1 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 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: 90% of all stocks are doing better.
- SLNO is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 73% are performing better than SLNO.
- SLNO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLNO is lagging the market.
- In the last month SLNO has a been trading in the 29.43 - 41.10 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SLNO has an average volume of 1647470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SLNO Weekly and Daily overview Charts
SLNO Setup Rating and Analysis
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 upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SLNO Support and Resistance Analysis
38.78
39.88
When analyzing the support we notice one important area.
- A support zone ranging from 39.17 to 39.48. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 10.54 | NEGATIVE | SLNO has a low relative strength, it was outperformed by 89.46% 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 | MIXED | The current price of SLNO is above 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) | 61.44 | 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) | 76.11 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.61 | POSITIVE | The high ADX value value for SLNO suggests a strong trend. |
SLNO Chart- and CandleStick Pattern Analysis
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)
SLNO Technicals: Chart, Performance Metrics, Trend & Indicators
39.49
+2.5 (+6.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.76%
1 Week23.95%
2 Weeks17.49%
1 Month2.39%
3 Month-16.28%
6 Month-33.31%
12 Month-41.48%
2 Year-11.58%
3 Year1071.81%
5 Year117.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.23
ATR(20)%5.73%
ATR Inc96.78%
Range Today4.08
ADR(20)2.18
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.54
3 months CRS20.66
6 months CRS16.47
Mansfield-3.66
10 Day High40.08
10 Day Low29.43
20 Day High41.1
20 Day Low29.43
52 Week High90.32
52 Week Low29.43
CS1 End39.48
CR1 StartN/A
Volume & EV
DER(3)4.48%
DER(5)2.74%
Volume3.58M
Volume Incr59.69%
Vol(5)2.54M
Vol(50)1.65M
SOLENO THERAPEUTICS INC / SLNO TA FAQ
What is the ChartMill technical rating of SOLENO THERAPEUTICS INC (SLNO) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
Can you provide the RSI signal for SOLENO THERAPEUTICS INC?
SOLENO THERAPEUTICS INC (SLNO) has an RSI value of 61.4417. This indicates that the stock is currently neutral.
What are the support and resistance levels for SOLENO THERAPEUTICS INC (SLNO) stock?
SOLENO THERAPEUTICS INC (SLNO) has a support level at 39.48. Check the full technical report for our detailed analysis of SLNO support and resistance levels.