Trading Signals: SRNE Stock Price Prediction and Forecast

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Wed. Aug. 20, 2008

Trading Signals: SRNE Stock Price Prediction and Forecast (Thu. Jan. 25, 2007 - Fri. May. 13, 2022)

(Sorrento Therapeutics, Inc. )
SRNE latest price $35.0000 (-30%) ($30.0000 - $40.0000) on Wed. Aug. 20, 2008.

Trend Analysis and Forecast

Average Daily Percentage Swing   11.68% (three month average)
RSI   77
Latest Price   $35.0000(-30%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SRNE declines -6% a day on average for past five trading days.
Weekly Trend   SRNE advances 24.5% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support SRNE advance at 0% a week (0% probability)
GLD(6%)    LQD(6%)    PCY(2%)    SHY(2%)    USO(1%)
Factors Impacting SRNE price   SRNE will decline at least -5.84% in a week (0% probabilities).
JNK(-11%)    XLY(-8%)    QQQ(-8%)    XOP(-7%)    XLU(-7%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -5.84% (StdDev 11.68%)
Hourly BBV 0 ()
Intraday Trend -12.5%

Resistance Level   $36.06
5 Day Moving Average   $47(-25.53%)
10 Day Moving Average   $44.2(-20.81%)
20 Day Moving Average   $36.06(-2.94%)
To recent high   -30%
To recent low   40%
Market Cap   $8.115b

Sorrento Therapeutics, Inc. engages in the research, development and manufacture of biopharmaceutical products. It focuses on therapies to treat specific stages in the evolution of cancer, from elimination, to equilibrium and escape which include biosimilars, immuno-oncology antibodies, cellular therapy, cell internalizing antibodies, and antibody drug conjugates. The company was founded by Henry H. Ji in 2006 and is headquartered in San Diego, CA.

June 16, 2020 - SRNE develops solution for Covid19 vaccines, treatment, and testing. But they're all in preclinical stage.

$. SRNE price fluctuates within 28.7% (three month std-dev: 11.68%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20080920

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Aug_20_2008	31.64	36.06	44.2	47			35(-30%)	UD	OpenLong	65	-1.2	23	-10000	-10	122	0	64%	0.06	61.9	11.68%	0	-0.1	77	0
2	Aug_19_2008	31.62	35.62	44.4	47			50(0%)	UD	OpenLong	65	0	48	-10000	0	190	0	72%	0.57	69.8	11%	0	1.4	0	0
3	Aug_18_2008	31.44	34.34	42.91	50			50(0%)	UD	OpenLong	65	0	67	-10000	12	232	0	72%	0.58	69.2	11%	0	1.5	0	0
4	Aug_15_2008	31.26	33.04	40.49	47			50(0%)	UT	HoldLong	50	0.3	63	-10000	12	214	0	72%	0.55	57.6	11%	0	1.8	0	0
5	Aug_14_2008	31.09	31.73	38.02	44			50(0%)	UT	HoldLong	50	0.7	58	-10000	13	194	0	72%	0.58	43.3	11%	0	2.1	0	0

6	Aug_13_2008	30.91	30.62	35.49	41			50(0%)	UT	HoldLong	50	1.2	54	-10000	14	173	0	72%	0.59	31.6	11%	0	2.5	0	0
7	Aug_12_2008	30.73	29.51	32.91	38			50(42.86%)	UT	OpenLong	75	1.9	49	-10000	16	149	0	66%	0.56	17.9	11%	0	3.3	0	0
8	Aug_11_2008	30.56	28.5	30.27	35			35(0%)	UD	OpenLong	65	0	42	-10000	12	130	0	60%	0.16	0.7	10.15%	0	1.5	0	0
9	Aug_8_2008	30.51	28.31	29.26	33			35(0%)	UT	HoldLong	50	0.4	36	-10000	13	106	0	60%	0.1	-11.5	10.15%	0	1.5	0	0
10	Aug_7_2008	30.48	28.35	28.23	31			35(0%)	UT	HoldLong	50	0.8	31	-10000	14	82	0	60%	0.07	-18	10.15%	0	1.4	0	0

11	Aug_6_2008	30.46	28.39	27.18	29			35(0%)	UT	HoldLong	50	1.2	23	-10000	15	46	0	60%	0.1	-23.9	10.15%	0	1.3	64	0
12	Aug_5_2008	30.43	28.43	26.1	27			35(40%)	UT	OpenLong	75	1.6	15	-10000	16	11	0	60%	0.07	-33.2	10.15%	0	1.3	64	0
13	Aug_4_2008	30.41	28.47	26.1	27			25(0%)	DT	HoldShort	-50	0	-10	-10000	0	-41	0	51%	-0.23	-40.3	8.85%	0	-0.7	0	0
14	Aug_1_2008	30.48	28.85	26.1	27			25(0%)	DT	HoldShort	-50	0	-15	-10000	0	-58	0	51%	-0.26	-34.5	8.85%	0	-0.8	0	0
15	Jul_31_2008	30.56	29.23	25	27			25(0%)	DT	HoldShort	-50	0	-21	-10000	0	-83	0	51%	-0.26	-29.2	8.92%	0	-0.9	0	0

16	Jul_30_2008	30.64	29.61	25.45	27			25(0%)	DT	HoldShort	-50	0	-24	-10000	0	-97	0	51%	-0.23	-23.6	8.92%	0	-0.9	0	0
17	Jul_29_2008	30.71	30.23	25.91	27			25(0%)	DT	HoldShort	-50	0	-28	-10000	0	-110	0	51%	-0.26	-12.7	8.92%	0	-1	0	0
18	Jul_28_2008	30.79	30.62	26.61	27			25(0%)	DT	HoldShort	-50	0	-29	-10000	0	-117	0	51%	-0.26	-6.6	8.92%	0	-1.1	0	0
19	Jul_25_2008	30.87	30.69	27.32	27			25(0%)	DP	OpenShort	-65	0	-29	-10000	0	-117	0	51%	-0.32	-6.6	8.92%	0	-1.2	32	0
20	Jul_24_2008	30.97	30.75	28.51	25			25(0%)	DP	OpenShort	-65	0	-35	-10000	-9	-111	0	51%	-0.32	-6.5	8.92%	0	-1.2	32	0

21	Jul_23_2008	31.07	30.82	29.71	26			25(0%)	DT	HoldShort	-50	-0.2	-29	-10000	-8	-92	0	51%	-0.32	-9.9	8.92%	0	-1.2	32	0
22	Jul_22_2008	31.17	30.88	30.95	27			25(0%)	DT	HoldShort	-50	-0.4	-30	-10000	-12	-83	0	51%	-0.35	-13.3	8.92%	0	-1.2	25	0
23	Jul_21_2008	31.28	30.95	32.21	28.5			25(0%)	DT	HoldShort	-50	-0.7	-23	-10000	-11	-59	0	51%	-0.38	-14	8.92%	0	-1.2	41	0
24	Jul_18_2008	31.4	31.01	33.05	30			25(-16.67%)	DT	OpenShort	-75	-1	-21	-10000	-17	-34	0	51%	-0.41	-14.6	8.92%	0	-1.2	59	0
25	Jul_17_2008	31.53	31.08	33.91	32.5			30(0%)	N/A	N/A	0	-0.5	-5	-10000	-10	10	0	56%		-9.9	8.67%	0	-0.2	67	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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