SOPHIA GENETICS SA (SOPH) Technical Analysis
NASDAQ:SOPH • CH1125843347
Current stock price
SOPH Technical Rating and Analysis
Overall SOPH gets a technical rating of 8 out of 10. SOPH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, SOPH did better than 78% of all other stocks. We also observe that the gains produced by SOPH over the past year are nicely spread over this period.
- SOPH is one of the better performing stocks in the Health Care Technology industry, it outperforms 88% of 35 stocks in the same industry.
- SOPH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SOPH is lagging the market slightly.
- In the last month SOPH has a been trading in the 4.55 - 5.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOPH Weekly and Daily overview Charts
SOPH Setup Rating and Analysis
Besides having an excellent technical rating, SOPH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.69, a Stop Loss order could be placed below this zone.
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SOPH Support and Resistance Analysis
3.58
5 important support areas can be observed.
- A support zone ranging from 4.68 to 4.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.60 from a horizontal line in the daily time frame.
- A support zone ranging from 4.34 to 4.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.00 from a horizontal line in the daily time frame.
- Support @3.62 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.90 to 4.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.19 from a horizontal line in the daily time frame.
- Resistance @5.35 from a horizontal line in the daily time frame.
SOPH 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 | UP | POSITIVE | The long term trend for SOPH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOPH is neutral. |
| ChartMill Relative Strength | 78.21 | POSITIVE | SOPH has a high relative strength, it outperformed 78.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOPH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOPH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOPH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.6 | NEUTRAL | The RSI value for SOPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SOPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.46 | NEUTRAL | The Stochastics value for SOPH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for SOPH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for SOPH suggests a weak or negative trend. |
SOPH Chart- and CandleStick Pattern Analysis
SOPH Example Setup
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 |
|---|---|---|---|
| 4.96 | 4.67 | 0.29 (5.85%) | 17.10% |
| An entry @4.96. This is a Buy Stop order right above the resistance zone. | An exit @4.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 5.85%. | For a 1.00% total portfolio risk, you can invest 17.10% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOPH. 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.
SOPH Technicals: Chart, Performance Metrics, Trend & Indicators
4.87
-0.26 (-5.07%)
SOPHIA GENETICS SA / SOPH TA FAQ
What is the technical rating for SOPH stock?
ChartMill assigns a technical rating of 8 / 10 to SOPH.
Can you provide the trend direction for SOPHIA GENETICS SA?
The current trend direction for SOPHIA GENETICS SA (SOPH) is Bullish.
Can you provide the RSI signal for SOPHIA GENETICS SA?
SOPHIA GENETICS SA (SOPH) has an RSI value of 47.598. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOPHIA GENETICS SA?
The short term momentum for SOPHIA GENETICS SA (SOPH) is neutral.
Can you provide the support and resistance levels for SOPHIA GENETICS SA?
SOPHIA GENETICS SA (SOPH) has a support level at 4.69 and a resistance level at 4.9. Check the full technical report for our detailed analysis of SOPH support and resistance levels.