SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
NASDAQ:SLNO - US8342033094 - Common Stock
68.57 USD
-1.23 (-1.76%)
68.57 USD
0 (0%)
Taking everything into account, SLNO scores 2 out of 10 in our technical rating. Although SLNO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month SLNO has a been trading in the 63.46 - 88.61 range, which is quite wide. It is currently trading near the lows of this range.
SLNO has an average volume of 1495430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that SLNO is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SLNO is an average performer in the Biotechnology industry, it outperforms 69% of 549 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.
SLNO has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
47.53
69.26
We found 3 important support areas.
- A support zone ranging from 66.81 to 67.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @52.70 from a trend line in the weekly time frame.
- Support @48.01 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 | NEUTRAL | NEUTRAL | The long term trend for SLNO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLNO is down. |
| ChartMill Relative Strength | 80.2 | POSITIVE | SLNO has a high relative strength, it outperformed 80.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLNO is below 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) | UP | POSITIVE | The current price of SLNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.58 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests SLNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.35 | NEUTRAL | The Stochastics value for SLNO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.76 | 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)
68.57
-1.23 (-1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.76%
1 Week-4.27%
2 Weeks-16.73%
1 Month-20.7%
3 Month-10.82%
6 Month48.65%
12 Month51.54%
2 Year1302.25%
3 Year3016.82%
5 Year113.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.14
ATR(20)%5.5%
ATR Inc-52.95%
Range Today2.27
ADR(20)3.54
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.2
Mansfield0.18
10 Day High87.17
10 Day Low63.46
20 Day High88.61
20 Day Low63.46
52 Week High90.32
52 Week Low41.5
CS1 End67.43
CR1 StartN/A
Volume & EV
DER(3)-2.91%
DER(5)-0.59%
Volume1.15M
Volume Incr-2.46%
Vol(5)1.47M
Vol(50)1.50M