Trading Signals: SRNE Stock Price Prediction and Forecast

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Mon. Jul. 13, 2020

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

(Sorrento Therapeutics, Inc. )
SRNE latest price $7.7550 (-3.84%) ($7.7200 - $8.3400) on Mon. Jul. 13, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   20.67% (three month average)
RSI   82
Latest Price   $7.7550(-3.84%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SRNE advances 1.5% a day on average for past five trading days.
Weekly Trend   SRNE advances 16.8% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support SRNE advance at 0% a week (0% probability)
XBI(52%)    ARKG(47%)    ARKK(45%)    IWC(43%)    IBB(42%)
Factors Impacting SRNE price   SRNE will decline at least -10.335% in a week (0% probabilities).
VXX(-19%)    VIXM(-18%)    UUP(-13%)    XLU(-6%)    IGOV(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility

Market Trend Strength   -10.335% (StdDev 20.67%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $7.64(1.51%)
10 Day Moving Average   $7.19(7.86%)
20 Day Moving Average   $6.24(24.28%)
To recent high   -3.8%
To recent low   54.9%
Market Cap   $1.798b

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 18.11% (three month std-dev: 20.67%) daily (68% of days).

Sample size 14 Average positive next day return: 10.24%(50%) Average negative next day return: -4.14%(50%) Sample size 14 Average positive next three day return: 10.67%(64%) Average negative next three day return: -8.49%(36%) Sample size 14 Average positive next weekly return: 17.74%(57%) Average negative next weekly return: -6.73%(43%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200813

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	Jul_13_2020	6.22	6.24	7.19	7.64	7.72	8.01	7.76(-3.84%)	UD	OpenLong	75	0.1	14	290	2	49	22.03	100%	1.14	77.1	20.67%	0	1.3	82	0
2	Jul_10_2020	6.15	6.08	7	7.53	7.53	7.79	8.07(4.54%)	UT	HoldLong	65	0.5	18	240	5	55	30.57	100%	1.32	77.7	20.65%	1.2	1.8	85	1.2
3	Jul_9_2020	6.07	5.91	6.82	7.28	7.28	7.36	7.72(5.61%)	UT	HoldLong	65	0.4	17	80	3	57	20.67	100%	1.34	80.2	20.82%	2.4	1.7	85	0.8
4	Jul_8_2020	5.99	5.75	6.61	7.12	7.09	7.28	7.31(-0.95%)	UD	OpenLong	75	0.2	17	170	3	60	16.81	100%	1.18	83.1	20.81%	0.5	1.6	84	0.9
5	Jul_7_2020	5.92	5.62	6.4	6.91	6.94	7.2	7.38(2.79%)	UT	HoldLong	65	0.5	18	280	5	58	19.78	100%	1.2	80.8	20.82%	1.5	1.9	80	0.7

6	Jul_6_2020	5.85	5.48	6.15	6.66	6.63	6.91	7.18(5.13%)	UT	HoldLong	65	0.6	17	280	5	53	20.46	100%	1.39	78	20.84%	1.3	2	80	1.1
7	Jul_2_2020	5.77	5.32	5.92	6.39	6.38	6.69	6.83(-1.44%)	UD	OpenLong	75	0.5	13	340	2	47	24.01	100%	1.05	63.3	20.82%	1.1	1.8	80	0.8
8	Jul_1_2020	5.71	5.17	5.72	6.3	6.16	6.36	6.93(10.62%)	UT	HoldLong	65	0.8	16	160	5	49	48.11	100%	1.24	57.9	20.88%	2.2	2.3	80	0.6
9	Jun_30_2020	5.64	5.03	5.49	6.03	6.07	6.08	6.26(2.71%)	UT	HoldLong	65	0.3	14	30	4	43	16.45	100%	0.89	47.4	20.73%	1.4	1.8	78	0.3
10	Jun_29_2020	5.59	4.95	5.35	5.8	5.93	5.96	6.1(4.28%)	UT	OpenLong	75	0.5	12	100	4	37	14.18	100%	0.54	37.8	20.73%	-0.2	1.9	70	-0.2

11	Jun_26_2020	5.56	4.89	5.22	5.57	5.66	6.07	5.85(-8.39%)	UD	OpenLong	75	0.5	11	560	4	30	34.03	100%	0.36	28.7	20.75%	-0.4	1.8	69	-0.9
12	Jun_25_2020	5.54	4.84	5.1	5.37	5.42	5.91	6.38(14.65%)	UT	HoldLong	65	2	13	660	8	29	70.91	100%	1.28	19.7	20.73%	1.1	3.1	84	-0.3
13	Jun_24_2020	5.47	4.76	4.91	5.05	5.07	5.25	5.57(8.59%)	UT	HoldLong	65	1.4	9	260	4	22	31.05	100%	0.18	-6.6	20.7%	1.6	2.2	84	-0.7
14	Jun_23_2020	5.46	4.73	4.81	4.88	4.89	4.94	5.13(4.27%)	UT	OpenLong	75	0.7	5	80	1	18	16.36	100%	-0.55	-24.3	20.68%	2	1.2	70	-0
15	Jun_1_2020	5.49	4.23	5.29	5.08	5.01	4.94	5.01(-0.3%)	UD	OpenLong	75	-0	11	-100	-0	42	12.59	100%	-0.9	53	20.8%	0.3	0.5	79	1

16	May_29_2020	5.54	4.1	5.45	5.09	5.08	4.97	5.02(1.52%)	UT	HoldLong	65	-0	18	-160	-0	70	14.96	100%	-1.25	51.8	20.97%	-0.8	0.6	80	1.3
17	May_27_2020	5.61	3.84	5.06	5.24	5.16	5.2	5.16(-2.09%)	UD	OpenLong	65	-0.1	23	10	-1	93	27.48	100%	-1.23	57	21.12%	-0.5	0.8	81	1.5
18	May_26_2020	5.68	3.7	4.85	5.29	5.2	5.19	5.27(3.95%)	UD	OpenLong	65	-0	24	-60	-4	108	58.14	100%	-1.05	60.5	21.12%	0.7	1	82	1.3
19	May_22_2020	5.74	3.56	4.61	5.54	5.21	5.11	5.07(0.8%)	UD	OpenLong	65	-0.3	31	-310	-7	144	47.79	100%	-2.38	73	20.84%	-0.5	1	82	1.2
20	May_21_2020	5.88	3.43	4.38	5.88	5.8	5.22	5.03(-11.69%)	UD	OpenLong	75	-0.6	57	-740	8	204	33.4	100%	-3.45	87.9	21.01%	-0.6	1.1	82	1.1

21	May_20_2020	6.09	3.29	4.13	5.4	6.02	5.31	5.69(5.18%)	UT	HoldLong	65	0.2	53	-480	9	183	97.11	100%	-2.25	73.2	20.95%	-0.3	1.7	86	1.5
22	May_19_2020	6.23	3.12	3.8	4.81	6.38	6.38	5.41(-16.9%)	UD	OpenLong	75	0.4	46	980	11	152	112.73	100%	-6.17	59.4	20.95%	0	1.7	82	0.9