SOLENO THERAPEUTICS INC (SLNO) Stock Technical Analysis
USA - NASDAQ:SLNO - US8342033094 - Common Stock
Overall SLNO gets a technical rating of 0 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.
SLNO has a poor technical rating and the quality of the setup is also only medium 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
43.09
We found 1 important support area.
- A support zone ranging from 43.53 to 43.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 49.43 to 49.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.15 from a trend line in the weekly time frame.
- Resistance @65.43 from a trend line in the daily time frame.
- Resistance @68.16 from a horizontal line in the daily time frame.
- Resistance @71.90 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for SLNO is down. |
| ChartMill Relative Strength | 13.44 | NEGATIVE | SLNO has a low relative strength, it was outperformed by 86.56% 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) | DOWN | NEGATIVE | The current price of SLNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.87 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests SLNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.12 | OVERSOLD | The low Stochastics value suggests SLNO may be oversold. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.05 | POSITIVE | The high ADX value value for SLNO suggests a strong trend. |
44.95
-2.05 (-4.36%)
SOLENO THERAPEUTICS INC / SLNO FAQ
What is the ChartMill technical rating of SOLENO THERAPEUTICS INC (SLNO) stock?
ChartMill assigns a technical rating of 0 / 10 to SLNO.
What is the trend direction for SLNO stock?
The current trend direction for SOLENO THERAPEUTICS INC (SLNO) is Bearish.
What is the RSI signal for SOLENO THERAPEUTICS INC (SLNO) stock?
SOLENO THERAPEUTICS INC (SLNO) has an RSI value of 33.866. This indicates that the stock is currently neutral.
What is the MACD signal for SOLENO THERAPEUTICS INC (SLNO) stock?
The MACD indicator for SOLENO THERAPEUTICS INC (SLNO) has a value of -0.640561, indicating a bearish trend.
Can you provide the buy/sell signal for SOLENO THERAPEUTICS INC?
The buy/sell signal for SOLENO THERAPEUTICS INC (SLNO) is sell as both the short term and long term trends are negative.