SONIM TECHNOLOGIES INC (SONM) Stock Technical Analysis
USA - NASDAQ:SONM - US83548F3091 - Common Stock
We assign a technical rating of 0 out of 10 to SONM. SONM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SONM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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9.43
When analyzing the support we notice one important area.
- Support @9.53 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @11.26 from a trend line in the daily time frame.
- A resistance zone ranging from 11.73 to 11.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.35 from a trend line in the daily 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 SONM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONM is down. |
| ChartMill Relative Strength | 6.2 | NEGATIVE | SONM has a low relative strength, it was outperformed by 93.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.46 | NEUTRAL | The RSI value for SONM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SONM has a negative trend. |
| Stochastics (14,3) | 10.26 | OVERSOLD | The low Stochastics value suggests SONM may be oversold. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for SONM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.4 | NEGATIVE | The low ADX value for SONM suggests a weak or negative trend. |
9.77
-0.51 (-4.96%)
SONIM TECHNOLOGIES INC / SONM FAQ
What is the ChartMill technical rating of SONIM TECHNOLOGIES INC (SONM) stock?
ChartMill assigns a technical rating of 0 / 10 to SONM.
What is the trend direction for SONM stock?
The current trend direction for SONIM TECHNOLOGIES INC (SONM) is Bearish.
Can you provide the RSI signal for SONIM TECHNOLOGIES INC?
SONIM TECHNOLOGIES INC (SONM) has an RSI value of 35.4618. This indicates that the stock is currently neutral.
What is the MACD signal for SONM stock?
The MACD indicator for SONIM TECHNOLOGIES INC (SONM) has a value of -0.188923, indicating a bearish trend.
What is the buy/sell signal for SONIM TECHNOLOGIES INC (SONM) stock?
The buy/sell signal for SONIM TECHNOLOGIES INC (SONM) is sell as both the short term and long term trends are negative.