Sorrento Therape Stock Technical Analysis

SRNEDelisted Stock  USD 0.33  0.02  6.45%   
As of the 18th of April 2024, Sorrento Therape has the Risk Adjusted Performance of (0), coefficient of variation of (5,318), and Variance of 226.48. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sorrento Therape, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Sorrento Therape, which can be compared to its competition. Please validate Sorrento Therape standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Sorrento Therape is priced more or less accurately, providing market reflects its prevalent price of 0.33 per share. As Sorrento Therape appears to be a penny stock we also recommend to double-check its jensen alpha numbers.

Sorrento Therape Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Sorrento, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Sorrento
  
Sorrento Therape's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Sorrento Therape technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Sorrento Therape technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sorrento Therape trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Sorrento Therape Technical Analysis

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Sorrento Therape Trend Analysis

Use this graph to draw trend lines for Sorrento Therape. You can use it to identify possible trend reversals for Sorrento Therape as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sorrento Therape price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Sorrento Therape Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sorrento Therape applied against its price change over selected period. The best fit line has a slop of   0.0074  , which may suggest that Sorrento Therape market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2.08, which is the sum of squared deviations for the predicted Sorrento Therape price change compared to its average price change.

About Sorrento Therape Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sorrento Therape on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sorrento Therape based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sorrento Therape price pattern first instead of the macroeconomic environment surrounding Sorrento Therape. By analyzing Sorrento Therape's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sorrento Therape's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sorrento Therape specific price patterns or momentum indicators. Please read more on our technical analysis page.

Sorrento Therape April 18, 2024 Technical Indicators

Most technical analysis of Sorrento help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sorrento from various momentum indicators to cycle indicators. When you analyze Sorrento charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Other Consideration for investing in Sorrento Stock

If you are still planning to invest in Sorrento Therape check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sorrento Therape's history and understand the potential risks before investing.
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