Stock Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
SORRENTO THERAPEUTICS (NASDAQ:SRNE)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SRNE
The long term trend has been UP since Oct 9th, 2017 at 2.15
The intermediate term trend has been UP since Jul 12th, 2018 at 7.45
The short term trend has been DOWN since Jul 17th, 2018 at 6.90
Smart Scan Analysis for SRNE
Based on a pre-defined weighted trend formula for chart analysis, SRNE scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||10.65||Year High Date||2018-03-01|
|Year Low||3.9||Year Low Date||2018-01-02|
|52wk High||10.65||52wk High Date||2018-03-01|
|52wk Low||1.5||52wk Low Date||2017-08-24|
|Year End Close||0.15||Average Volume||2,484,156|
|Shares Outstanding||300,030||% Institutional||29.1|