Soliton Inc (SOLY) Stock Technical Analysis
NASDAQ:SOLY - Nasdaq - Common Stock
Taking everything into account, SOLY scores 7 out of 10 in our technical rating. In the last year, SOLY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
When comparing the yearly performance of all stocks, we notice that SOLY is one of the better performing stocks in the market, outperforming 97% of all stocks.
SOLY is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. SOLY outperforms 98% of them.
SOLY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SOLY is leading the market.
In the last month SOLY has a been trading in the 19.88 - 22.60 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SOLY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
19.90
22.82
3 important support areas can be observed.
- Support @22.41 from a horizontal line in the daily time frame.
- A support zone ranging from 20.61 to 20.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.10 to 20.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.59 to 22.59. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SOLY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLY is neutral. |
| ChartMill Relative Strength | 97.92 | POSITIVE | SOLY has a high relative strength, it outperformed 97.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.35 | OVERBOUGHT | The high RSI value suggests SOLY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SOLY has a positive trend. |
| Stochastics (14,3) | 72.69 | NEUTRAL | The Stochastics value for SOLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLY suggests some volalility. |
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)
22.58
+0.03 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.13%
1 Week12%
2 Weeks11.45%
1 Month8.66%
3 Month7.83%
6 Month0.71%
12 Month170.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.09%
ATR Inc327.22%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.92
Mansfield1.12
10 Day High22.6
10 Day Low19.88
20 Day High22.6
20 Day Low19.88
52 Week High22.6
52 Week Low7.4
CS1 End22.41
CR1 Start22.59
Volume & EV
DER(3)-1.52%
DER(5)-0.93%
Volume1.38M
Volume Incr853.2%
Vol(5)1.04M
Vol(50)205.34K