Will SONN stock go up?

**SONN's stock is unlikely to go up in the near term.** Here's a detailed analysis to support this conclusion: 1. **Current Price Trend**: The stock is in a **bearish trend**, which has persisted for 8 days. This trend is expected to continue with a probability of 76%, based on the continuation probability provided. 2. **Support and Resistance Levels**: The stock is currently **between narrow resistance level and wide resistance level**, specifically between $1.21 and $1.24. It is not close to the support level, which is at $1.14. This positioning suggests that the stock is more likely to face downward pressure than upward movement. 3. **Forecast Price**: The forecast for SONN's price for today, July 2, 2025, is $1.24, with a bearish forecast price trend. The stock has a historical win rate of 53.41% for this type of forecast, indicating it is more likely to go down than up. 4. **Market Sentiment**: Although there has been recent positive news about the company, such as the licensing deal with Alkem Laboratories, the stock is currently in a bearish trend and is not showing signs of rebounding soon. In conclusion, the combination of the bearish price trend, the stock's positioning between resistance levels, the lack of upward price forecast, and the absence of positive market sentiment suggest that SONN's stock is more likely to remain in a bearish trend or face downward pressure rather than experience an increase in the near term.