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SONENDO INC (SONX) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:SONX - US8354311073 - Common Stock

0.23 USD
-0.01 (-4.33%)
Last: 11/21/2023, 8:04:01 PM
Technical Rating and Analysis

0

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.
When comparing the yearly performance of all stocks, SONX is a bad performer in the overall market: 100% of all stocks are doing better.
SONX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 88% of 186 stocks in the same industry do better.
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.

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Weekly and Daily overview Charts
SONENDO INC / SONX Weekly stock chart
SONENDO INC / SONX Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is bad, SONX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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Support and Resistance Analysis

0.23

0.36

We can see 2 important resistance 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.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for SONX is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for SONX is down.
ChartMill Relative Strength0.86NEGATIVESONX has a low relative strength, it was outperformed by 99.14% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of SONX is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of SONX is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of SONX is below a declining SMA(200).
Relative Strength Index/RSI (14)29.17OVERSOLDThe low RSI value suggests SONX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests SONX has a positive trend, although the MACD value is declining.
Stochastics (14,3)21.7NEUTRALThe Stochastics value for SONX is a neutral value.
Average True Range in percent/ATR (20)14.94HIGH VOLATILITYThe high ATR as a percentage value for SONX suggests high volalility.
Average Directional Index/ADX (14)33.94POSITIVEThe high ADX value value for SONX suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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SONENDO INC / SONX Daily stock chart

SONENDO INC

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
3 months CRSN/A
6 months CRSN/A
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

SONENDO INC / SONX FAQ

What is the technical rating for SONX stock?

ChartMill assigns a technical rating of 0 / 10 to SONX.


What is the trend direction for SONX stock?

The current trend direction for SONENDO INC (SONX) is Bearish.


What is the RSI signal for SONX stock?

SONENDO INC (SONX) has an RSI value of 29.1688. This indicates that the stock is currently oversold.


Can you provide the MACD signal for SONENDO INC?

The MACD indicator for SONENDO INC (SONX) has a value of 0.0118959, indicating a bearish trend.


Can you provide the short term momentum for SONENDO INC?

The short term momentum for SONENDO INC (SONX) is negative.