Trading Signals: SRNE Stock Price Prediction and Forecast

^ SRNE: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Oct. 28, 2020

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

(Sorrento Therapeutics, Inc. )
SRNE latest price $7.0800 (-7.99%) ($7.0350 - $7.6600) on Wed. Oct. 28, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   9.63% (three month average)
RSI   22
Latest Price   $7.0800(-7.99%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SRNE declines -2% a day on average for past five trading days.
Weekly Trend   SRNE declines -16.6% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support SRNE advance at 0% a week (0% probability)
XBI(57%)    ARKK(51%)    ARKG(50%)    IBB(49%)    IWC(48%)
Factors Impacting SRNE price   SRNE will decline at least -4.815% in a week (0% probabilities).
VXX(-19%)    VIXM(-18%)    UUP(-12%)    XLU(-10%)    TIP(-5%)

Relative Volatility

Market Trend Strength   -4.815% (StdDev 9.63%)
Hourly BBV -1.5 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $-18.3(-358.47%)
Resistance Level   $9.61
5 Day Moving Average   $7.81(-9.35%)
10 Day Moving Average   $8.32(-14.9%)
20 Day Moving Average   $9.61(-26.33%)
To recent high   -62.4%
To recent low   14.5%
Market Cap   $1.641b

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 15.71% (three month std-dev: 9.63%) daily (68% of days).

Sample size 17 Average positive next day return: 4.88%(53%) Average negative next day return: -9.26%(47%) Sample size 17 Average positive next three day return: 6.76%(53%) Average negative next three day return: -9.85%(47%) Sample size 17 Average positive next weekly return: 8.01%(59%) Average negative next weekly return: -13.47%(41%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201128

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	Oct_28_2020	9.05	9.61	8.32	7.81	7.76	7.5	7.08(-7.99%)	DT	HoldShort	-65	-0.5	-32	-250	-7	-106	11.6	60%	-0.33	-42.6	9.63%	-1.5	-1.7	22	-2.6
2	Oct_27_2020	9.08	9.82	8.62	7.97	8	7.87	7.7(-2.9%)	DT	HoldShort	-65	-0.2	-29	-100	-3	-106	6.87	60%	-0.11	-38.5	9.58%	-2.4	-1.5	22	-0.5
3	Oct_26_2020	9.09	10.02	9.03	8.07	8.03	8.01	7.93(-1.92%)	DT	OpenShort	-75	-0.1	-29	-30	-6	-97	7.66	60%	-0.11	-37.4	9.6%	-1.2	-1.6	34	-0.4
4	Oct_23_2020	9.1	10.14	9.37	8.27	8.13	8.13	8.08(-2.53%)	DT	OpenShort	-75	-0.2	-26	-50	-6	-87	7.45	60%	-0.22	-35	9.63%	0.1	-1.6	33	1.1
5	Oct_22_2020	9.12	10.23	9.69	8.51	8.38	8.05	8.29(5.4%)	DP	OpenShort	-75	-0.2	-28	-320	-11	-78	10.52	60%	-0.11	-31.3	9.64%	0.8	-1.6	39	1.2

6	Oct_21_2020	9.13	10.3	9.98	8.93	8.71	8.14	7.87(-4.2%)	DT	OpenShort	-75	-1	-28	-530	-15	-65	13.87	60%	-0.11	-24.7	9.63%	-1.1	-2.2	34	0.9
7	Oct_20_2020	9.14	10.4	10.36	9.38	9.28	8.7	8.21(-7.6%)	DT	OpenShort	-75	-1.2	-28	-470	-20	-51	17.75	60%	0.44	-10.6	9.61%	-1.4	-2.3	33	0.6
8	Oct_19_2020	9.1	10.54	10.63	10.13	9.76	9.27	8.89(-4.41%)	DT	OpenShort	-75	-1.5	-19	-460	-15	-31	12.95	60%	0.44	33.4	9.85%	-1.6	-1.9	34	0.7
9	Oct_16_2020	9.06	10.6	10.85	10.63	10.48	9.87	9.3(-10.54%)	DT	OpenShort	-75	-1.6	-11	-450	-11	-11	24.16	60%	0.11	68.1	9.84%	-1.7	-1.6	49	1.4
10	Oct_15_2020	9.05	10.62	10.98	11.03	10.94	10.25	10.39(2.82%)	N/A	N/A	0	-0.8	-4	-470	-8	7	20.59	63%	0.67	105.4	9.73%	-0.3	-0.3	59	1.6

11	Oct_14_2020	8.99	10.58	11.02	11.19	11.19	11.1	10.11(-15.44%)	N/A	N/A	0	-1.2	-1	-60	-8	19	29.79	63%	0.67	117.5	9.99%	-1.4	-0.5	61	2
12	Oct_13_2020	8.93	10.51	11.14	11.48	11.44	11.63	11.95(4.69%)	UT	OpenLong	75	0.4	17	110	7	45	25.39	68%	0.34	109.8	9.78%	1.4	1.2	68	2.1
13	Oct_12_2020	8.9	10.26	11.08	11.22	11.3	11.27	11.42(1.11%)	UT	OpenLong	75	0.2	12	0	3	40	11.17	68%	0.91	100.4	9.79%	1.5	0.9	55	2.7
14	Oct_9_2020	8.82	10.07	10.96	11.11	11.16	11.25	11.29(1.03%)	UT	OpenLong	75	0.1	12	70	3	40	11.95	68%	0.92	89.4	9.8%	0.5	0.8	61	2.6
15	Oct_8_2020	8.74	9.84	10.81	10.93	11.05	11.33	11.18(-3.5%)	UD	OpenLong	75	0.2	12	210	4	36	18.01	68%	0.69	75.5	9.81%	0.5	0.8	62	1.7

16	Oct_7_2020	8.68	9.6	10.62	10.83	10.85	11.07	11.58(8.89%)	UT	OpenLong	75	0.4	11	150	4	33	23.72	68%	0.93	66.9	9.8%	2.5	1.2	64	1
17	Oct_6_2020	8.6	9.34	10.42	10.75	10.67	10.78	10.64(-2.21%)	UD	OpenLong	65	-0.1	7	50	-3	36	12.6	68%	0.58	60.6	9.75%	-0	0.7	68	0.3
18	Oct_5_2020	8.55	9.13	10.43	10.94	10.8	10.63	10.88(4.57%)	UT	HoldLong	65	-0	20	-150	3	70	16.24	68%	0.59	59.1	9.76%	1.2	1	76	0.6
19	Oct_2_2020	8.5	8.92	10.32	10.79	10.96	10.55	10.4(-2.48%)	UD	OpenLong	75	-0.2	21	-210	1	81	17.11	68%	0.24	51.3	9.82%	-0.9	0.8	70	0.4
20	Oct_1_2020	8.48	8.75	10.22	10.64	10.88	10.96	10.67(-4.52%)	UD	OpenLong	75	0	29	120	5	101	16.85	68%	0.36	45.8	9.82%	-1.1	1.1	76	0.8

21	Sep_30_2020	8.45	8.58	10.11	10.35	10.6	11.36	11.17(-3.58%)	UD	OpenLong	75	0.5	38	570	11	118	30.97	68%	0.48	38.3	9.86%	0.3	1.5	79	0.8
22	Sep_29_2020	8.41	8.39	9.83	10.03	10.07	10.8	11.59(14.19%)	UT	HoldLong	65	0.9	38	520	9	124	75.46	68%	0.48	33.1	9.84%	1.4	1.9	78	0.9
23	Sep_28_2020	8.37	8.19	9.37	9.87	9.66	9.83	10.15(5.29%)	UT	HoldLong	65	0.2	36	60	4	132	22.85	66%	0.24	33.8	9.72%	1.4	1.3	76	0.7
24	Sep_25_2020	8.35	8.08	9.11	9.79	9.75	9.34	9.64(4.73%)	UT	OpenLong	75	-0.1	36	-310	0	142	12.2	66%	0.24	28	9.78%	0.4	1.1	71	0.6
25	Sep_24_2020	8.33	8	8.8	9.75	9.76	9.49	9.2(-4.12%)	UD	OpenLong	65	-0.4	32	-190	-4	139	14.31	66%		18.3	9.91%	-1	0.9	65	0.3
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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