SOPHIA GENETICS SA (SOPH) Stock Technical Analysis
USA - NASDAQ:SOPH - CH1125843347 - Common Stock
Overall SOPH gets a technical rating of 8 out of 10. Both in the recent history as in the last year, SOPH has proven to be a steady performer, scoring decent points in every aspect analyzed.
SOPH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOPH 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.
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2.90
4 important support areas can be observed.
- A support zone ranging from 4.21 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.99 from a horizontal line in the daily time frame.
- A support zone ranging from 3.21 to 3.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.37 to 4.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @4.88 from a horizontal 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 | 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 | 79.21 | POSITIVE | SOPH has a high relative strength, it outperformed 79.21% 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) | 54.09 | NEUTRAL | The RSI value for SOPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SOPH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for SOPH is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for SOPH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for SOPH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 4.42 | 4.20 | 0.22 (4.98%) | 20.09% |
| An entry @4.42. This is a Buy Stop order right above the resistance zone. | An exit @4.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 4.98%. | For a 1.00% total portfolio risk, you can invest 20.09% 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.
4.25
+0.13 (+3.16%)
SOPHIA GENETICS SA / SOPH FAQ
What is the technical rating for SOPH stock?
ChartMill assigns a technical rating of 8 / 10 to SOPH.
What is the current trend direction of SOPHIA GENETICS SA (SOPH) stock?
The current trend direction for SOPHIA GENETICS SA (SOPH) is Bullish.
What is the RSI signal for SOPHIA GENETICS SA (SOPH) stock?
SOPHIA GENETICS SA (SOPH) has an RSI value of 54.0909. This indicates that the stock is currently neutral.
What are the support and resistance levels for SOPHIA GENETICS SA (SOPH) stock?
SOPHIA GENETICS SA (SOPH) has a support level at 4.25 and a resistance level at 4.37. Check the full technical report for our detailed analysis of SOPH support and resistance levels.