SONNET BIOTHERAPEUTICS HOLDI (SONN) Technical Analysis
NASDAQ:SONN • US83548R4020
Current stock price
SONN Technical Rating and Analysis
Taking everything into account, SONN scores 0 out of 10 in our technical rating. SONN'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.
- 96% of all other stocks performed better in the past year than SONN.
- SONN is one of the lesser performing stocks in the Biotechnology industry. 83% of 517 stocks in the same industry do better.
- SONN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SONN is lagging the market.
- In the last month SONN has a been trading in the 1.26 - 5.95 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
SONN Weekly and Daily overview Charts
SONN Setup Rating and Analysis
The technical rating of SONN 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.
More info and screens
SONN Support and Resistance Analysis
SONN 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 | NEUTRAL | NEUTRAL | The long term trend for SONN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONN is down. |
| ChartMill Relative Strength | 4.97 | NEGATIVE | SONN has a low relative strength, it was outperformed by 95.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SONN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SONN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.15 | OVERSOLD | The low RSI value suggests SONN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SONN has a negative trend. |
| Stochastics (14,3) | 2.23 | OVERSOLD | The low Stochastics value suggests SONN may be oversold. |
| Average True Range in percent/ATR (20) | 74.27 | HIGH VOLATILITY | The high ATR as a percentage value for SONN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.76 | NEGATIVE | The low ADX value for SONN suggests a weak or negative trend. |
SONN Chart- and CandleStick Pattern Analysis
SONN Technicals: Chart, Performance Metrics, Trend & Indicators
1.26
-1.84 (-59.35%)
SONNET BIOTHERAPEUTICS HOLDI / SONN TA FAQ
Can you provide the ChartMill technical rating for SONNET BIOTHERAPEUTICS HOLDI?
ChartMill assigns a technical rating of 0 / 10 to SONN.
What is the current trend direction of SONNET BIOTHERAPEUTICS HOLDI (SONN) stock?
The current trend direction for SONNET BIOTHERAPEUTICS HOLDI (SONN) is Bearish.
What is the RSI signal for SONN stock?
SONNET BIOTHERAPEUTICS HOLDI (SONN) has an RSI value of 28.1484. This indicates that the stock is currently oversold.
What is the MACD signal for SONN stock?
The MACD indicator for SONNET BIOTHERAPEUTICS HOLDI (SONN) has a value of -0.314167, indicating a bearish trend.