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.
MarketClub’s Trade Triangles for SRNEQ
The long-term trend has been DOWN since Feb 28th, 2023 at 0.2601
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 0.2601
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).
|52wk High||3.09||52wk High Date||2022-07-20|
|52wk Low||0.161||52wk Low Date||2023-02-15|
|Average Volume||35,493,561||Shares Outstanding||551,281|