Stock Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Sonim Technologies, Inc. (NASDAQ:SONM)
Bear Market Rally (-75) - SONM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SONM as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SONM?
MarketClub looks at technical strength and momentum to determine if the timing is right for SONM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SONM
The long-term trend has been DOWN since Aug 3rd, 2023 at 0.8500
The intermediate-term trend has been UP since Dec 4th, 2023 at 0.7383
The short-term trend has been DOWN since Dec 5th, 2023 at 0.6900
Smart Scan Analysis for SONM
Based on our trend formula, SONM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.3||52wk High Date||2023-06-21|
|52wk Low||0.405||52wk Low Date||2023-03-16|
|Average Volume||91,166||Shares Outstanding||43,067|