SENESTECH INC (SNES) Stock Technical Analysis
NASDAQ:SNES - Nasdaq - US81720R6045 - Common Stock - Currency: USD
Overall SNES gets a technical rating of 4 out of 10. In the past year, SNES was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, SNES is a bad performer in the overall market: 91% of all stocks are doing better.
SNES is one of the lesser performing stocks in the Pharmaceuticals industry. 66% of 197 stocks in the same industry do better.
SNES 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 SNES is lagging the market.
In the last month SNES has a been trading in the 2.15 - 2.90 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SNES does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNES in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.58
2.92
We found 1 important support area.
- A support zone ranging from 2.61 to 2.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @2.77 from a trend line in the daily time frame.
- Resistance @2.82 from a horizontal line in the weekly time frame.
- Resistance @2.89 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 SNES is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNES is up. |
| ChartMill Relative Strength | 9.86 | NEGATIVE | SNES has a low relative strength, it was outperformed by 90.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SNES is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.09 | NEUTRAL | The RSI value for SNES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SNES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.8 | NEUTRAL | The Stochastics value for SNES is a neutral value. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for SNES suggests high volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for SNES 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)
2.75
+0.07 (+2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.61%
1 Week4.96%
2 Weeks-4.51%
1 Month22.22%
3 Month-5.17%
6 Month22.22%
12 Month-63.3%
2 Year-98.06%
3 Year-99.77%
5 Year-99.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7.49%
ATR Inc-67.76%
Range Today0.07
ADR(20)0.2
ADR(20)%7.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.86
Mansfield-1.95
10 Day High2.9
10 Day Low2.56
20 Day High2.9
20 Day Low2.15
52 Week High7.68
52 Week Low1.3
CS1 End2.64
CR1 Start2.77
Volume & EV
DER(3)9.4%
DER(5)-4.46%
Volume4.40K
Volume Incr-65.77%
Vol(5)13.56K
Vol(50)36.53K