SNGX
Soligenix·NASDAQ
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1.83 / 10
Underperform
The technical analysis yields a score of 1.83/10, signaling a weak structure. Dominant bearish indicators include Marubozu White, Long Lower Shadow, and MACD Death Cross, with no bullish signals detected. Historical back-tests show negative average returns for these patterns, reinforcing caution. Although a Golden Cross was observed, its impact is minimal. The absence of constructive forces and the prevalence of destructive pressures lead to a cautious technical stance, highlighting potential downside risk in the near term.
Analysis Checks(0/4)
Long Lower Shadow
Score2.12/10
Win Rate37.50%
Hist. Signals64
Avg Return4.04%
Score2.12/10
Win Rate37.50%
Hist. Signals64
Avg Return4.04%
MACD Golden Cross
Score1/10
Win Rate33.33%
Hist. Signals9
Avg Return-1.39%
Score1/10
Win Rate33.33%
Hist. Signals9
Avg Return-1.39%
MACD Death Cross
Score3.2/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.92%
Score3.2/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.92%
Marubozu White
Score1/10
Win Rate24.14%
Hist. Signals29
Avg Return-1.20%
Score1/10
Win Rate24.14%
Hist. Signals29
Avg Return-1.20%
Long Lower Shadow
Score2.12/10
Win Rate37.50%
Hist. Signals64
Avg Return4.04%
Score2.12/10
Win Rate37.50%
Hist. Signals64
Avg Return4.04%
MACD Death Cross
Score3.2/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.92%
Score3.2/10
Win Rate50.00%
Hist. Signals10
Avg Return-0.92%
MACD Golden Cross
Score1/10
Win Rate33.33%
Hist. Signals9
Avg Return-1.39%
Score1/10
Win Rate33.33%
Hist. Signals9
Avg Return-1.39%
Marubozu White
Score1/10
Win Rate24.14%
Hist. Signals29
Avg Return-1.20%
Score1/10
Win Rate24.14%
Hist. Signals29
Avg Return-1.20%
Technical Analysis of SNGX?
- SNGX presents a Underperform setup with a Technical Score of 1.83/10. Key technical indicators highlight an RSI of 36.86 and a MACD of -0.05, with the trend anchored by the 50-Day SMA at 1.40. Traders should monitor key support at 0.99 and resistance at 1.13.
