SOLIGENIX INC (SNGX) Technical Analysis
NASDAQ:SNGX • US8342236044
We assign a technical rating of 2 out of 10 to SNGX. In the past year, SNGX 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.
- 92% of all other stocks performed better in the past year than SNGX.
- SNGX is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 75% are performing better than SNGX.
- SNGX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month SNGX has a been trading in the 1.04 - 1.26 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, SNGX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.24. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SNGX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.18 to 1.18. 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 1.13 to 1.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.44 to 1.44. This zone is formed by a combination of multiple trend lines 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 SNGX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNGX is up. |
| ChartMill Relative Strength | 8.82 | NEGATIVE | SNGX has a low relative strength, it was outperformed by 91.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNGX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNGX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.54 | NEUTRAL | The RSI value for SNGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SNGX has a positive trend. |
| Stochastics (14,3) | 87.44 | OVERBOUGHT | The high Stochastics value suggests SNGX may be overbought. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for SNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for SNGX suggests a weak or negative trend. |
SNGX Technicals: Chart, Performance Metrics, Trend & Indicators
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SOLIGENIX INC / SNGX FAQ
Can you provide the ChartMill technical rating for SOLIGENIX INC?
ChartMill assigns a technical rating of 2 / 10 to SNGX.
What is the current trend direction of SOLIGENIX INC (SNGX) stock?
The current trend direction for SOLIGENIX INC (SNGX) is Bearish.
What is the RSI signal for SNGX stock?
SOLIGENIX INC (SNGX) has an RSI value of 55.5433. This indicates that the stock is currently neutral.
What is the MACD signal for SNGX stock?
The MACD indicator for SOLIGENIX INC (SNGX) has a value of 0.0195107, indicating a bearish trend.
Can you provide the short term momentum for SOLIGENIX INC?
The short term momentum for SOLIGENIX INC (SNGX) is positive.