Taking everything into account, SONM scores 0 out of 10 in our technical rating. SONM 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 technical rating of SONM 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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5.69
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.29 to 6.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.83 to 9.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 SONM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONM is down. |
| ChartMill Relative Strength | 1.3 | NEGATIVE | SONM has a low relative strength, it was outperformed by 98.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SONM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.08 | NEUTRAL | The RSI value for SONM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SONM has a positive trend. |
| Stochastics (14,3) | 37.11 | NEUTRAL | The Stochastics value for SONM is a neutral value. |
| Average True Range in percent/ATR (20) | 13.32 | HIGH VOLATILITY | The high ATR as a percentage value for SONM suggests high volalility. |
| Average Directional Index/ADX (14) | 29.35 | POSITIVE | The high ADX value value for SONM suggests a strong trend. |
5.75
-0.32 (-5.27%)
SONIM TECHNOLOGIES INC / SONM FAQ
What is the ChartMill technical rating of SONIM TECHNOLOGIES INC (SONM) stock?
ChartMill assigns a technical rating of 0 / 10 to SONM.
What is the trend direction for SONM stock?
The current trend direction for SONIM TECHNOLOGIES INC (SONM) is Bearish.
Can you provide the RSI signal for SONIM TECHNOLOGIES INC?
SONIM TECHNOLOGIES INC (SONM) has an RSI value of 31.0792. This indicates that the stock is currently neutral.
What is the MACD signal for SONM stock?
The MACD indicator for SONIM TECHNOLOGIES INC (SONM) has a value of 0.138352, indicating a bearish trend.
What is the buy/sell signal for SONIM TECHNOLOGIES INC (SONM) stock?
The buy/sell signal for SONIM TECHNOLOGIES INC (SONM) is sell as both the short term and long term trends are negative.