SONNET BIOTHERAPEUTICS HOLDI (SONN) Stock Technical Analysis
NASDAQ:SONN - Nasdaq - US83548R4020 - Common Stock - Currency: USD
Overall SONN gets a technical rating of 5 out of 10. In the last year, SONN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
SONN 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 SONN has a been trading in the 2.48 - 19.30 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.
SONN is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 551 stocks in the same industry.
SONN has an average volume of 4815850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that SONN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
SONN has an average technical rating and it also does not offer a high 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
1.11
5.76
We found 3 important support areas.
- Support @2.80 from a horizontal line in the weekly time frame.
- Support @2.64 from a horizontal line in the daily time frame.
- Support @1.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @5.70 from a trend line in the weekly 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 | 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 | 90.19 | POSITIVE | SONN has a high relative strength, it outperformed 90.19% 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) | UP | MIXED | The current price of SONN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SONN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.66 | NEUTRAL | The RSI value for SONN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests SONN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.51 | OVERSOLD | The low Stochastics value suggests SONN may be oversold. |
| Average True Range in percent/ATR (20) | 54.8 | HIGH VOLATILITY | The high ATR as a percentage value for SONN suggests high volalility. |
| Average Directional Index/ADX (14) | 42.15 | POSITIVE | The high ADX value value for SONN suggests a strong 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)
2.98
+0.33 (+12.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg12.45%
1 Week-7.45%
2 Weeks-34.79%
1 Month-35.78%
3 Month132.81%
6 Month87.42%
12 Month-49.66%
2 Year-91.53%
3 Year-99.43%
5 Year-99.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%54.8%
ATR Inc-41.06%
Range Today0.71
ADR(20)1.48
ADR(20)%49.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.19
Mansfield-0.51
10 Day High5.05
10 Day Low2.48
20 Day High19.3
20 Day Low2.48
52 Week High19.3
52 Week Low1.08
CS1 End2.8
CR1 Start5.7
Volume & EV
DER(3)-8.58%
DER(5)-4.97%
Volume802.50K
Volume Incr-93.76%
Vol(5)735.34K
Vol(50)4.82M