Taking everything into account, SOLY scores 7 out of 10 in our technical rating. SOLY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- 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 one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 100% of 184 stocks in the same industry.
- SOLY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 present a decent entry opportunity 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
We found 3 important support areas.
- 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. |
22.58
+0.03 (+0.13%)
Soliton Inc / SOLY FAQ
What is the ChartMill technical rating of Soliton Inc (SOLY) stock?
ChartMill assigns a technical rating of 6 / 10 to SOLY.
Can you provide the trend direction for Soliton Inc?
The current trend direction for Soliton Inc (SOLY) is Bearish.
Can you provide the RSI signal for Soliton Inc?
Soliton Inc (SOLY) has an RSI value of 75.3528. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Soliton Inc?
The MACD indicator for Soliton Inc (SOLY) has a value of 0.204676, indicating a bearish trend.
What are the support and resistance levels for Soliton Inc (SOLY) stock?
Soliton Inc (SOLY) has a support level at 22.41 and a resistance level at 22.59. Check the full technical report for our detailed analysis of SOLY support and resistance levels.