The short-term price predictions for Soleno Therapeutics (SLNO) are as follows:
- Current Price Trend: The stock is currently in a bullish trend, having been so for the past 11 days. This suggests that the stock is likely to continue its upward trajectory in the near term.
- Support and Resistance Levels: The stock is positioned between narrow resistance and wide resistance levels, indicating that while there is some resistance to upward movement, the bullish trend suggests that it could break through these levels. Conversely, the stock is between narrow support and wide support levels, which could provide a floor for the price.
- Forecast Price: The forecast for SLNO's price for the upcoming days shows a general upward trend, with prices predicted to fluctuate around the $50 mark but trending towards higher values. For instance, the forecast for March 13, 2025, is $48.84, with a slight increase to $49.05 by March 17, 2025.
- Analyst Sentiment: The consensus rating for SLNO is "Strong Buy"", with analysts setting an average price target of $72, indicating a potential upside from the current price1.
- Market Sentiment: The options market shows a bullish sentiment from large investors, with a split of 75% bullish and 12% bearish positions. This suggests that there is significant confidence in an upward price movement2.
In conclusion, the short-term price predictions for SLNO are positive, with the stock likely to continue its upward trend in the near term. However, investors should remain cautious due to potential fluctuations around resistance and support levels.