SORA Technical Analysis - ASIASTRATEGY

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to SORA. In the last year, SORA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

100% of all other stocks performed better in the past year than SORA.

SORA is one of the lesser performing stocks in the Distributors industry. 66% of 22 stocks in the same industry do better.

In the last month SORA has a been trading in the 4.53 - 6.79 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SORA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.75

5.84

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 5.09 to 5.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 5.44 to 5.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 5.77 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for SORA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SORA is neutral.
ChartMill Relative Strength	0	NEGATIVE	SORA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SORA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SORA is below a declining SMA(50).
Relative Strength Index/RSI (14)	43.29	NEUTRAL	The RSI value for SORA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests SORA has a negative trend.
Stochastics (14,3)	19.86	OVERSOLD	The low Stochastics value suggests SORA may be oversold.
Average True Range in percent/ATR (20)	10.68	HIGH VOLATILITY	The high ATR as a percentage value for SORA suggests high volalility.
Average Directional Index/ADX (14)	11.27	NEGATIVE	The low ADX value for SORA suggests a weak or negative trend.