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Stock Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

SORRENTO THERAPEUTICS INC (NASDAQ:SRNEQ)

Bear Market Rally (-75) - SRNEQ is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SRNEQ as it may be in the beginning of a reversal.

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_SRNEQ
Open High Low SRNEQ Price Change
0.374900 0.379800 0.333299 0.370100 +0.017100
Entry Signal

MarketClub’s Trade Triangles for SRNEQ

long term down The long-term trend has been DOWN since Feb 28th, 2023 at 0.2601

intermediate term down The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.2601

short term up The short-term trend has been UP since Mar 16th, 2023 at 0.3188

Smart Scan Analysis for SRNEQ

Based on our trend formula, SRNEQ is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for SRNEQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.374900 0.379800 0.333299 0.370100 +0.017100
Prev. Close Volume Bid Ask Time
0.353000 3418290 2023-03-20 15:59:00
52wk High3.0952wk High Date2022-07-20
52wk Low0.16152wk Low Date2023-02-15
Average Volume35,493,561Shares Outstanding551,281
Assets615,614,000MLiabilities483,766,000M
P/E Ratio-0.23410000
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