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Stock Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
SORRENTO THERAPEUTICS INC (NASDAQ:SRNE)
Countertrend Down (-85) - SRNE is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Oct 7th, 2022 at 1.5000
The intermediate-term trend has been DOWN since Jan 24th, 2023 at 0.9802
The short-term trend has been UP since Feb 17th, 2023 at 0.2684
Smart Scan Analysis for SRNE
Based on our trend formula, SRNE is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0220 | 0.0400 | 0.0220 | 0.0280 | +0.0005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0280 | 39529 | 2024-04-17 15:50:20 |