Southern National Bk (SONA) Technical Analysis
NASDAQ:SONA
Current stock price
SONA Technical Rating and Analysis
Taking everything into account, SONA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SONA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SONA is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by SONA over the past year are nicely spread over this period.
- SONA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SONA is performing more or less in line with the market.
- In the last month SONA has a been trading in the 14.30 - 16.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SONA Weekly and Daily overview Charts
SONA Setup Rating and Analysis
Besides having an excellent technical rating, SONA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.93. Right above this resistance zone may be a good entry point.
More info and screens
SONA Support and Resistance Analysis
8.22
When analyzing the support we can see 4 important areas.
- Support @14.68 from a trend line in the daily time frame.
- Support @14.39 from a horizontal line in the daily time frame.
- A support zone ranging from 13.51 to 13.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.30 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.93 to 15.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
SONA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for SONA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SONA is up. |
| ChartMill Relative Strength | 74.93 | POSITIVE | SONA has a high relative strength, it outperformed 74.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SONA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SONA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SONA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for SONA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SONA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.21 | NEUTRAL | The Stochastics value for SONA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for SONA suggests some volalility. |
SONA Chart- and CandleStick Pattern Analysis
SONA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.11 | 14.67 | 0.44 (2.90%) | 25.00% |
| An entry @15.11. This is a Buy Stop order right above the 10 day moving average. | An exit @14.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 2.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of SONA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SONA Technicals: Chart, Performance Metrics, Trend & Indicators
15.09
+0.27 (+1.82%)
Southern National Bk / SONA TA FAQ
Can you provide the ChartMill technical rating for Southern National Bk?
ChartMill assigns a technical rating of 10 / 10 to SONA.
What is the current trend direction of Southern National Bk (SONA) stock?
The current trend direction for Southern National Bk (SONA) is Bullish.
What is the RSI signal for SONA stock?
Southern National Bk (SONA) has an RSI value of 53.5938. This indicates that the stock is currently neutral.
What is the buy/sell signal for SONA stock?
The buy/sell signal for Southern National Bk (SONA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SONA stock?
Southern National Bk (SONA) has a support level at 14.68 and a resistance level at 15.93. Check the full technical report for our detailed analysis of SONA support and resistance levels.