SOLIGENIX INC (SNGX) Stock Technical Analysis
USA - NASDAQ:SNGX - US8342236044 - Common Stock
Overall SNGX gets a technical rating of 0 out of 10. SNGX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SNGX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.41. Right above this resistance zone may be a good entry point.
More info and screens
1.11
3 important support areas can be observed.
- Support @1.27 from a horizontal line in the daily time frame.
- A support zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.12 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.41 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.83 from a trend line in the weekly time frame.
- Resistance @1.90 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 | DOWN | NEGATIVE | The long term trend for SNGX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNGX is down. |
| ChartMill Relative Strength | 3.38 | NEGATIVE | SNGX has a low relative strength, it was outperformed by 96.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNGX is below a declining 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) | 45.89 | 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) | 33.92 | NEUTRAL | The Stochastics value for SNGX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for SNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.75 | NEUTRAL | The ADX value for SNGX suggests a possible start of a new trend. |
1.41
+0.14 (+11.02%)
SOLIGENIX INC / SNGX FAQ
Can you provide the ChartMill technical rating for SOLIGENIX INC?
ChartMill assigns a technical rating of 0 / 10 to SNGX.
Can you provide the trend direction for SOLIGENIX INC?
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 45.8943. This indicates that the stock is currently neutral.
What is the MACD signal for SOLIGENIX INC (SNGX) stock?
The MACD indicator for SOLIGENIX INC (SNGX) has a value of 0.0166186, indicating a bearish trend.
What is the buy/sell signal for SOLIGENIX INC (SNGX) stock?
The buy/sell signal for SOLIGENIX INC (SNGX) is sell as both the short term and long term trends are negative.