SONNET BIOTHERAPEUTICS HOLDI (SONN) Stock Technical Analysis
NASDAQ:SONN - Nasdaq - US83548R4020 - Common Stock - Currency: USD
Overall SONN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SONN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SONN is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 558 stocks in the same industry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SONN has an average volume of 4472260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SONN did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SONN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SONN is lagging the market.
In the last month SONN has a been trading in the 1.10 - 19.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SONN has an excellent technical rating, it does not offer a high 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
9.67
9.87
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 | 99.41 | POSITIVE | SONN has a high relative strength, it outperformed 99.41% 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) | UP | POSITIVE | The current price of SONN is above the rising 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) | 93.1 | OVERBOUGHT | The high RSI value suggests SONN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests SONN has a positive trend. |
| Stochastics (14,3) | 59.21 | NEUTRAL | The Stochastics value for SONN is a neutral value. |
| Average True Range in percent/ATR (20) | 14.42 | HIGH VOLATILITY | The high ATR as a percentage value for SONN suggests high volalility. |
| Average Directional Index/ADX (14) | 50.63 | 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)
9.77
+0.13 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.35%
1 Week118.57%
2 Weeks687.9%
1 Month749.57%
3 Month675.4%
6 Month534.42%
12 Month43.68%
2 Year-83.31%
3 Year-98.55%
5 Year-99.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.98
ATR(20)%14.42%
ATR Inc974.8%
Range Today2.75
ADR(20)1.24
ADR(20)%12.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.41
Mansfield18.76
10 Day High19.3
10 Day Low1.21
20 Day High19.3
20 Day Low1.1
52 Week High19.3
52 Week Low1.08
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)0.03%
DER(5)-0.37%
Volume4.66M
Volume Incr22.9%
Vol(5)10.47M
Vol(50)4.47M