SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
NASDAQ:SLNO - Nasdaq - US8342033094 - Common Stock - Currency: USD
Taking everything into account, SLNO scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SLNO is one of the better performing stocks in the market, outperforming 96% of all stocks.
SLNO is part of the Biotechnology industry. There are 557 other stocks in this industry. SLNO outperforms 95% of them.
SLNO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SLNO is leading the market.
In the last month SLNO has a been trading in the 72.29 - 81.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SLNO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
49.23
80.17
When analyzing the support we can see 4 important areas.
- A support zone ranging from 78.19 to 78.52. 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 73.30 to 74.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.64 from a trend line in the weekly time frame.
- Support @49.73 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 | 96.64 | POSITIVE | SLNO has a high relative strength, it outperformed 96.64% 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) | 59.33 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SLNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.65 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SLNO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.66 | NEGATIVE | The low ADX value for SLNO suggests a weak or negative 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 |
|---|---|---|---|
| 81.55 | 78.18 | 3.37 (4.13%) | 24.19% |
| An entry @81.55. This is a Buy Stop order right above the 10 day high. | An exit @78.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.37 points, which is 4.13%. | When investing 24.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
79.38
+1.78 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.29%
1 Week0.29%
2 Weeks3.04%
1 Month5.77%
3 Month61.64%
6 Month75.7%
12 Month92.9%
2 Year1750.35%
3 Year2762.09%
5 Year138.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.62
ATR(20)%3.22%
ATR Inc-8.54%
Range Today2.7
ADR(20)2.5
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.64
Mansfield3.78
10 Day High81.54
10 Day Low74.34
20 Day High81.54
20 Day Low72.29
52 Week High81.54
52 Week Low36.93
CS1 End78.52
CR1 StartN/A
Volume & EV
DER(3)2.03%
DER(5)1.24%
Volume777.60K
Volume Incr13.37%
Vol(5)730.30K
Vol(50)906.47K