We assign a technical rating of 1 out of 10 to SLNO. SLNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SLNO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 45.49, a Stop Loss order could be placed below this zone.
More info and screens
44.33
When analyzing the support we notice one important area.
- A support zone ranging from 44.78 to 45.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 49.37 to 50.11. 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 52.01 to 52.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.81 from a trend line in the weekly time frame.
- Resistance @60.07 from a trend line in the daily time frame.
- Resistance @68.16 from a horizontal line in the daily time frame.
- Resistance @71.90 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 | DOWN | NEGATIVE | The long term trend for SLNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLNO is down. |
| ChartMill Relative Strength | 33.54 | NEUTRAL | SLNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLNO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLNO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.87 | NEUTRAL | The RSI value for SLNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests SLNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.22 | OVERSOLD | The low Stochastics value suggests SLNO may be oversold. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for SLNO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for SLNO suggests a weak or negative trend. |
48.38
-0.87 (-1.77%)
SOLENO THERAPEUTICS INC / SLNO FAQ
What is the ChartMill technical rating of SOLENO THERAPEUTICS INC (SLNO) stock?
ChartMill assigns a technical rating of 1 / 10 to SLNO.
What is the trend direction for SLNO stock?
The current trend direction for SOLENO THERAPEUTICS INC (SLNO) is Bearish.
What is the RSI signal for SOLENO THERAPEUTICS INC (SLNO) stock?
SOLENO THERAPEUTICS INC (SLNO) has an RSI value of 42.8653. This indicates that the stock is currently neutral.
What is the MACD signal for SOLENO THERAPEUTICS INC (SLNO) stock?
The MACD indicator for SOLENO THERAPEUTICS INC (SLNO) has a value of 0.307257, indicating a bearish trend.
Can you provide the buy/sell signal for SOLENO THERAPEUTICS INC?
The buy/sell signal for SOLENO THERAPEUTICS INC (SLNO) is sell as both the short term and long term trends are negative.