SONN Technical Analysis - SONNET BIOTHERAPEUTICS HOLDI

Technical Rating and Analysis

Taking everything into account, SONN scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, SONN has proven to be a steady performer, scoring decent points in every aspect analyzed.

SONN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long and short term trends are both positive. This is looking good!

SONN is one of the better performing stocks in the Biotechnology industry, it outperforms 97% of 538 stocks in the same industry.

SONN has an average volume of 1244030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that SONN is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month SONN has a been trading in the 2.71 - 7.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

SONNET BIOTHERAPEUTICS HOLDI / SONN Weekly stock chart

SONNET BIOTHERAPEUTICS HOLDI / SONN Daily stock chart

Setup Rating and Analysis

Although SONN has an excellent technical rating, it 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.22

7.51

2 important support areas can be observed.

A support zone ranging from 5.71 to 5.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.25 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @6.21 from a horizontal line in the weekly time frame.
Resistance @7.44 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for SONN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SONN is up.
ChartMill Relative Strength	98.55	POSITIVE	SONN has a high relative strength, it outperformed 98.55% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SONN is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of SONN is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SONN is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.42	NEUTRAL	The RSI value for SONN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests SONN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	62.62	NEUTRAL	The Stochastics value for SONN is a neutral value.
Average True Range in percent/ATR (20)	14.56	HIGH VOLATILITY	The high ATR as a percentage value for SONN suggests high volalility.
Average Directional Index/ADX (14)	41.36	POSITIVE	The high ADX value value for SONN suggests a strong trend.