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Stock Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Sorrento Therapeutics, Inc. (NASDAQ:SRNE)

Long-Term Downtrend (-90) - SRNE is in a strong downtrend that is likely to continue. While SRNE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SRNE?

MarketClub looks at technical strength and momentum to determine if the timing is right for SRNE.

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NASDAQ_SRNE
Open High Low SRNE Price Change
6.45 6.54 6.29 6.46 -0.10
Entry Signal

MarketClub’s Trade Triangles for SRNE

long term down The long-term trend has been DOWN since Sep 29th, 2021 at 7.53

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2021 at 8.18

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 6.68

Smart Scan Analysis for SRNE

Based on our trend formula, SRNE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SRNE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.45 6.54 6.29 6.46 -0.10
Prev. Close Volume Bid Ask Time
6.45 3720307 2021-10-22 15:59:49
Year High10.65Year High Date2018-03-01
Year Low2.95Year Low Date2018-10-29
52wk High17.2552wk High Date2021-02-08
52wk Low5.1752wk Low Date2020-11-10
Year End Close0.15Average Volume5,020,085
Shares Outstanding298,100% Institutional29.1
Market Cap313MAssets778,924,000M
Liabilities592,756,000MBeta2.42
Volatility107.5
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