SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
NASDAQ:SLNO - Nasdaq - US8342033094 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SLNO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLNO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SLNO did better than 94% of all other stocks. On top of that, SLNO also shows a nice and consistent pattern of rising prices.
SLNO is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 555 stocks in the same industry.
A new 52 week high is currently being made by SLNO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month SLNO has a been trading in the 74.34 - 87.16 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.
Besides having an excellent technical rating, SLNO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
49.89
87.52
When analyzing the support we can see 5 important areas.
- A support zone ranging from 83.01 to 83.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.44 to 77.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @73.71 from a horizontal line in the daily time frame.
- Support @53.69 from a trend line in the weekly time frame.
- Support @50.39 from a trend line in the weekly 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 | 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 | 94.32 | POSITIVE | SLNO has a high relative strength, it outperformed 94.32% 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) | UP | POSITIVE | The current price of SLNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.62 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SLNO has a positive trend. |
| Stochastics (14,3) | 83.62 | OVERBOUGHT | The high Stochastics value suggests SLNO may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SLNO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.35 | 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)
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 |
|---|---|---|---|
| 87.17 | 83.00 | 4.17 (4.78%) | 20.90% |
| An entry @87.17. This is a Buy Stop order right above the 10 day high. | An exit @83.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.17 points, which is 4.78%. | For a 1.00% total portfolio risk, you can invest 20.90% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SLNO. Please evaluate whether better entry and exit points can be found.
- 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.
86.65
+0.44 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.51%
1 Week3.13%
2 Weeks9.16%
1 Month12.47%
3 Month28.41%
6 Month86.5%
12 Month111.81%
2 Year1599.02%
3 Year3278.17%
5 Year235.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.12
ATR(20)%3.33%
ATR Inc12.5%
Range Today2.47
ADR(20)2.84
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.32
Mansfield4.01
10 Day High87.16
10 Day Low78.48
20 Day High87.16
20 Day Low74.34
52 Week High87.16
52 Week Low40.67
CS1 End83.79
CR1 StartN/A
Volume & EV
DER(3)1.74%
DER(5)1.6%
Volume330.10K
Volume Incr46.47%
Vol(5)1.34M
Vol(50)891.80K