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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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SRNE
The long-term trend has been DOWN since Sep 29th, 2021 at 7.53
The intermediate-term trend has been DOWN since Sep 8th, 2021 at 8.18
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).
| 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 High | 10.65 | Year High Date | 2018-03-01 |
| Year Low | 2.95 | Year Low Date | 2018-10-29 |
| 52wk High | 17.25 | 52wk High Date | 2021-02-08 |
| 52wk Low | 5.17 | 52wk Low Date | 2020-11-10 |
| Year End Close | 0.15 | Average Volume | 5,020,085 |
| Shares Outstanding | 298,100 | % Institutional | 29.1 |
| Market Cap | 313M | Assets | 778,924,000M |
| Liabilities | 592,756,000M | Beta | 2.42 |
| Volatility | 107.5 |