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(SRNE) Sorrento Therapeutics complete technical analysis [charts+indicators] | Buy/Sell Sorrento Therapeutics | (SRNE) share price targets

Complete technical analysis of Sorrento Therapeutics (SRNE) by charts plus indicators, forecast predictions and share price targets for Sorrento Therapeutics (SRNE)

Sorrento Therapeutics trades in USA in Health Care sector.

10 day averaged volume of Sorrento Therapeutics is 8709020

Date Daily Closing Price Open High Low Volume
15 Thu Apr 2021 7.44 7.40 7.55 7.19 0.686 times
14 Wed Apr 2021 7.39 7.03 7.70 6.97 1.195 times
13 Tue Apr 2021 6.93 6.93 7.02 6.78 1.03 times
12 Mon Apr 2021 6.94 7.44 7.44 6.79 1.463 times
09 Fri Apr 2021 7.51 7.69 8.00 7.48 1.421 times
08 Thu Apr 2021 7.74 7.63 7.74 7.46 0.6 times
07 Wed Apr 2021 7.58 7.86 7.86 7.53 0.852 times
06 Tue Apr 2021 7.86 8.21 8.26 7.78 0.966 times
05 Mon Apr 2021 8.27 8.22 8.62 7.98 0.992 times
01 Thu Apr 2021 8.01 8.31 8.49 7.93 0.785 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 7.4 as stoploss in an intra day buy trade for a target of 8.16. However, stock will show a bearish move below 7.4.

Share price targets for Sorrento Therapeutics (SRNE)

Target Type Value
Downside Target 6.58
Downside Target 6.78
Upside Target 7.46
Upside Target 7.70
Upside Target 7.94
Upside Target 8.49
Upside Target 8.93
Upside Target 9.26
Upside Target 9.40
Upside Target 10.01
Upside Target 10.67
Upside Target 10.76
Upside Target 17.03
Upside Target 17.25

Intraday share price targets for Sorrento Therapeutics (SRNE)

Target Type Value
Downside Intraday Target 6.91
Downside Intraday Target 6.39
Upside Intraday Target 7.83
Upside Intraday Target 8.23
Downside Intraday Target 7.31

Weekly technical analysis of Sorrento Therapeutics (SRNE)

Date Weekly Closing Price Open High Low Volume
15 Thu Apr 2021 7.44 7.44 7.70 6.78 0.905 times
09 Fri Apr 2021 7.51 8.22 8.62 7.46 1.543 times
01 Thu Apr 2021 8.01 8.20 8.49 7.51 0.641 times
26 Fri Mar 2021 8.33 9.73 10.01 7.94 0.981 times
19 Fri Mar 2021 9.56 10.19 10.67 9.26 0.812 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sorrento Therapeutics (SRNE)

Date Monthly Closing Price Open High Low Volume
15 Thu Apr 2021 7.44 8.31 8.62 6.78 0.343 times
31 Wed Mar 2021 8.27 10.07 10.76 7.51 0.75 times
26 Fri Feb 2021 9.67 14.35 17.25 9.40 0.74 times
29 Fri Jan 2021 12.66 6.83 17.03 6.58 1.512 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sorrento Therapeutics (SRNE)

Indicator Name Indicator Value Indicator Signal
ADX 23, 28, 10 Sell
MACD -1, -1Sell
Stochastics 26Sell
CCI -42Buy
RSI 54Buy
OBV -34018000Sell
VWAP 8Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Sorrento Therapeutics ( (SRNE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sorrento Therapeutics ( (SRNE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sorrento Therapeutics ( (SRNE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sorrento Therapeutics ( (SRNE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sorrento Therapeutics stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Sorrento Therapeutics in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sorrento Therapeutics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sorrento Therapeutics in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sorrento Therapeutics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.52 and Sorrento Therapeutics (SRNE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sorrento Therapeutics (SRNE) stock. Volume based technical analysis of Sorrento Therapeutics (SRNE) stock is negative.

Sorrento Therapeutics Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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