SONNET BIOTHERAPEUTICS HOLDI (SONN) Stock Technical Analysis
NASDAQ:SONN - US83548R4020 - Common Stock
3.44 USD
-0.11 (-3.1%)
We assign a technical rating of 8 out of 10 to SONN. 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.
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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
SONN is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 547 stocks in the same industry.
SONN has an average volume of 5006390 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 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SONN has a been trading in the 2.48 - 4.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SONN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.47, a Stop Loss order could be placed below this zone.
More info and screens
3.13
5.99
When analyzing the support we notice one important area.
- A support zone ranging from 3.16 to 3.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.46 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.96 from a horizontal line in the daily time frame.
- Resistance @5.23 from a trend line in the weekly time frame.
- Resistance @5.93 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 | UP | POSITIVE | The long term trend for SONN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SONN is neutral. |
| ChartMill Relative Strength | 95.62 | POSITIVE | SONN has a high relative strength, it outperformed 95.62% 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 | 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) | 49.93 | NEUTRAL | The RSI value for SONN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SONN has a positive trend. |
| Stochastics (14,3) | 56.37 | NEUTRAL | The Stochastics value for SONN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.84 | HIGH VOLATILITY | The high ATR as a percentage value for SONN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.68 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.97 | 3.45 | 0.52 (13.10%) | 7.63% |
| An entry @3.97. This is a Buy Stop order right above the resistance zone. | An exit @3.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 13.10%. | For a 1.00% total portfolio risk, you can invest 7.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SONN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:SONN (8/28/2025, 11:29:38 AM)
3.44
-0.11 (-3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.1%
1 Week10.25%
2 Weeks-10.13%
1 Month10.25%
3 Month203.42%
6 Month129.03%
12 Month-38.45%
2 Year-89.91%
3 Year-99.32%
5 Year-99.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%12.84%
ATR Inc-42.11%
Range Today0.22
ADR(20)0.45
ADR(20)%12.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.62
Mansfield1.68
10 Day High4.29
10 Day Low2.99
20 Day High4.29
20 Day Low2.48
52 Week High19.3
52 Week Low1.08
CS1 End3.47
CR1 Start3.96
Volume & EV
DER(3)-5.01%
DER(5)-1.96%
Volume101.87K
Volume Incr-51.56%
Vol(5)374.06K
Vol(50)5.01M