SOLIGENIX INC (SNGX) Stock Technical Analysis
NASDAQ:SNGX - Nasdaq - US8342236044 - Common Stock - Currency: USD
Taking everything into account, SNGX scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than SNGX.
SNGX is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 84% 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.
SNGX has an average volume of 1120360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SNGX has a been trading in the 1.09 - 1.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SNGX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
1.24
1.65
When analyzing the support we notice one important area.
- Support @1.25 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 2.3 | NEGATIVE | SNGX has a low relative strength, it was outperformed by 97.7% 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) | 46.43 | NEUTRAL | The RSI value for SNGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SNGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.59 | OVERBOUGHT | The high Stochastics value suggests SNGX may be overbought. |
| Average True Range in percent/ATR (20) | 9.52 | HIGH VOLATILITY | The high ATR as a percentage value for SNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for SNGX suggests a possible start of a new 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)
1.39
-0.03 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.11%
1 Week2.21%
2 Weeks9.45%
1 Month2.96%
3 Month-35.94%
6 Month-45.7%
12 Month-69.32%
2 Year-86.23%
3 Year-99.34%
5 Year-99.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%9.52%
ATR Inc-28.02%
Range Today0.11
ADR(20)0.13
ADR(20)%9.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.3
Mansfield-5.33
10 Day High1.46
10 Day Low1.24
20 Day High1.88
20 Day Low1.09
52 Week High5.4
52 Week Low1.09
CS1 End1.25
CR1 Start1.43
Volume & EV
DER(3)0.43%
DER(5)5.96%
Volume169.06K
Volume Incr-93.87%
Vol(5)167.39K
Vol(50)1.12M