SONENDO INC (SONX) Stock Technical Analysis
NYSE:SONX - New York Stock Exchange, Inc. - US8354311073 - Common Stock - Currency: USD
Taking everything into account, SONX scores 0 out of 10 in our technical rating. SONX'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than SONX.
SONX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 90% are performing better than SONX.
SONX 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 SONX has a been trading in the 0.21 - 0.31 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.
Considerably lower volume is observed in the last couple of days.
SONX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.23
0.36
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.36 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for SONX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONX is down. |
| ChartMill Relative Strength | 0.86 | NEGATIVE | SONX has a low relative strength, it was outperformed by 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SONX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SONX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.17 | OVERSOLD | The low RSI value suggests SONX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SONX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.7 | NEUTRAL | The Stochastics value for SONX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.94 | HIGH VOLATILITY | The high ATR as a percentage value for SONX suggests high volalility. |
| Average Directional Index/ADX (14) | 33.94 | POSITIVE | The high ADX value value for SONX 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)
NYSE:SONX (11/21/2023, 8:04:01 PM)
0.23
-0.01 (-4.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.33%
1 Week-9.56%
2 Weeks-14.81%
1 Month0%
3 Month-77%
6 Month-80.67%
12 Month-90.3%
2 Year-97.63%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%14.94%
ATR Inc-38.16%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.86
Mansfield-8.54
10 Day High0.31
10 Day Low0.22
20 Day High0.31
20 Day Low0.21
52 Week High2.95
52 Week Low0.21
CS1 EndN/A
CR1 Start0.26
Volume & EV
DER(3)1.54%
DER(5)-0.63%
Volume63.00K
Volume Incr3.25%
Vol(5)195.26K
Vol(50)354.46K