Taking everything into account, SONM scores 0 out of 10 in our technical rating. SONM'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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 100% of all other stocks performed better in the past year than SONM.
- SONM is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry, of which 94% are performing better than SONM.
- SONM 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month SONM has a been trading in the 2.52 - 6.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.61
When analyzing the support we notice one important area.
- A support zone ranging from 4.66 to 4.68. 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 5.57 to 5.63. 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 | DOWN | NEGATIVE | The long term trend for SONM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SONM is neutral. |
| ChartMill Relative Strength | 0.86 | NEGATIVE | SONM has a low relative strength, it was outperformed by 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SONM is above 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) | 52.46 | NEUTRAL | The RSI value for SONM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests SONM has a positive trend. |
| Stochastics (14,3) | 75.96 | NEUTRAL | The Stochastics value for SONM is a neutral value. |
| Average True Range in percent/ATR (20) | 12.69 | HIGH VOLATILITY | The high ATR as a percentage value for SONM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.24 | POSITIVE | The high ADX value value for SONM suggests a strong trend. |
4.7
+0.75 (+18.99%)
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.
Can you provide the trend direction for SONIM TECHNOLOGIES INC?
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 52.4552. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SONIM TECHNOLOGIES INC?
The short term momentum for SONIM TECHNOLOGIES INC (SONM) is neutral.
What are the support and resistance levels for SONIM TECHNOLOGIES INC (SONM) stock?
SONIM TECHNOLOGIES INC (SONM) has a support level at 4.68 and a resistance level at 5.57. Check the full technical report for our detailed analysis of SONM support and resistance levels.