SONENDO INC (SONX) 2.56 -0.04 (-1.54%)
2.56 -0.04 (-1.54%)
US8354311073 - Common Stock
Technical Rating
Overall SONX gets a technical rating of 6 out of 10. Although SONX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Statistics
Support/Resistance Analysis
1.73
- A support zone ranging from 2.55 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.75 from a trend line in the daily time frame.
- Resistance @2.72 from a trend line in the daily time frame.
- A resistance zone ranging from 2.82 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.90 to 2.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.97 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
Although the technical rating is only medium, SONX does present a nice setup opportunity. 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 2.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SONX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.73 | 2.54 | 0.19 (6.96%) | 14.37% |
| An entry @2.73. This is a Buy Stop order right above the resistance zone. | An exit @2.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.19 points, which is 6.96%. | For a 1.00% total portfolio risk, you can invest 14.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SONX. 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.
SONENDO INC2.56
NYSE:SONX (2/3/2023, 7:08:44 PM)-0.04 (-1.54%)
| GICS Sector | Health Care | ||
| GICS Industry | Health Care Equipment & Supplies | ||
| Today | -1.54% | 1 Week | -4.83% |
| 2 Weeks | -0.78% | 1 Month | 32.64% |
| 3 Month | 47.98% | 6 Month | 37.63% |
| ATR(14) | 0.23 | ATR(20)% | 9.09% |
| ATR Inc | -16.5% | Range Today | 0.19 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 27.76 | Mansfield | 0.44 |
| 10 Day High | 2.75 | 10 Day Low | 2.3 |
| 20 Day High | 2.8 | 20 Day Low | 1.86 |
| 52 Week High | 6.84 | 52 Week Low | 0.86 |
| CS1 End | 2.55 | CR1 Start | 2.72 |
| DER(3) | 6.92% | DER(5) | 3.56% |
| Volume | 70.10K | Volume Incr | -61.45% |
| Vol(5) | 99.40K | Vol(50) | 293.17K |
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