SORRENTO THERAPEUTICS INC (SRNE) Technical Analysis
NASDAQ:SRNE • US83587F2020
Current stock price
SRNE Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SRNE. SRNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SRNE is a bad performer in the overall market: 100% of all stocks are doing better.
- SRNE is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 93% are performing better than SRNE.
- SRNE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SRNE is lagging the market.
- In the last month SRNE has a been trading in the 0.16 - 1.08 range, which is quite wide. It is currently trading near the lows of this range.
- SRNE has an average volume of 40952600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
SRNE Weekly and Daily overview Charts
SRNE Setup Rating and Analysis
The technical rating of SRNE 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.
More info and screens
SRNE Support and Resistance Analysis
SRNE 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 SRNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRNE is down. |
| ChartMill Relative Strength | 0.49 | NEGATIVE | SRNE has a low relative strength, it was outperformed by 99.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SRNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.51 | OVERSOLD | The low RSI value suggests SRNE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SRNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.85 | OVERSOLD | The low Stochastics value suggests SRNE may be oversold. |
| Average True Range in percent/ATR (20) | 38.84 | HIGH VOLATILITY | The high ATR as a percentage value for SRNE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.74 | POSITIVE | The high ADX value value for SRNE suggests a strong trend. |
SRNE Chart- and CandleStick Pattern Analysis
SRNE Technicals: Chart, Performance Metrics, Trend & Indicators
0.3073
-0.08 (-20.26%)
SORRENTO THERAPEUTICS INC / SRNE TA FAQ
What is the ChartMill technical rating of SORRENTO THERAPEUTICS INC (SRNE) stock?
ChartMill assigns a technical rating of 0 / 10 to SRNE.
Can you provide the trend direction for SORRENTO THERAPEUTICS INC?
The current trend direction for SORRENTO THERAPEUTICS INC (SRNE) is Bearish.
What is the RSI signal for SRNE stock?
SORRENTO THERAPEUTICS INC (SRNE) has an RSI value of 29.5074. This indicates that the stock is currently oversold.
What is the MACD signal for SRNE stock?
The MACD indicator for SORRENTO THERAPEUTICS INC (SRNE) has a value of -0.0548409, indicating a bearish trend.
Can you provide the short term momentum for SORRENTO THERAPEUTICS INC?
The short term momentum for SORRENTO THERAPEUTICS INC (SRNE) is negative.