SONENDO INC (SONX) Technical Analysis
NYSE:SONX • US8354311073
Current stock price
SONX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SONX. 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 188 other stocks in this industry, of which 89% 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 Weekly and Daily overview Charts
SONX Setup Rating and Analysis
Although the technical rating is bad, SONX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
SONX Support and Resistance Analysis
0.23
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.
SONX 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.
| 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. |
SONX Chart- and CandleStick Pattern Analysis
SONX Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:SONX (11/21/2023, 8:04:01 PM)
0.23
-0.01 (-4.33%)
SONENDO INC / SONX TA FAQ
Can you provide the ChartMill technical rating for SONENDO INC?
ChartMill assigns a technical rating of 0 / 10 to SONX.
What is the current trend direction of SONENDO INC (SONX) stock?
The current trend direction for SONENDO INC (SONX) is Bearish.
What is the RSI signal for SONENDO INC (SONX) stock?
SONENDO INC (SONX) has an RSI value of 29.1688. This indicates that the stock is currently oversold.
What is the MACD signal for SONENDO INC (SONX) stock?
The MACD indicator for SONENDO INC (SONX) has a value of 0.0118959, indicating a bearish trend.
What is the buy/sell signal for SONX stock?
The buy/sell signal for SONENDO INC (SONX) is sell as both the short term and long term trends are negative.