SONIM TECHNOLOGIES INC (SONM) Stock Technical Analysis
NASDAQ:SONM - Nasdaq - US83548F3091 - Common Stock - Currency: USD
Taking everything into account, SONM scores 0 out of 10 in our technical rating. 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 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.
When comparing the yearly performance of all stocks, SONM is a bad performer in the overall market: 99% of all stocks are doing better.
SONM is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 87% 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.
In the last month SONM has a been trading in the 0.85 - 1.41 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. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.90
2.62
We found 1 important support area.
- Support @0.91 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.59 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for SONM is neutral. |
| ChartMill Relative Strength | 1.38 | NEGATIVE | SONM has a low relative strength, it was outperformed by 98.62% 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) | 51.53 | NEUTRAL | The RSI value for SONM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SONM has a positive trend. |
| Stochastics (14,3) | 77.06 | NEUTRAL | The Stochastics value for SONM is a neutral value. |
| Average True Range in percent/ATR (20) | 10.6 | HIGH VOLATILITY | The high ATR as a percentage value for SONM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for SONM suggests a weak or negative trend. |
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)
1.18
+0.06 (+5.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg5.38%
1 Week19.25%
2 Weeks29.12%
1 Month-20.81%
3 Month-46.17%
6 Month-68.11%
12 Month-85.43%
2 Year-89.74%
3 Year-78.42%
5 Year-98.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%10.6%
ATR Inc8.1%
Range Today0.15
ADR(20)0.12
ADR(20)%10.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.38
Mansfield-6.23
10 Day High1.25
10 Day Low0.85
20 Day High1.41
20 Day Low0.85
52 Week High10.7
52 Week Low0.85
CS1 End0.91
CR1 Start1.18
Volume & EV
DER(3)8.12%
DER(5)11.24%
Volume322.50K
Volume Incr70.26%
Vol(5)436.24K
Vol(50)356.90K