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SomnoMed Limited

SOM.AX Technical Analysis Summary (ASX)

Analyze SOM.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SOM.AX●ASX
HealthcareMedical - Devices
$0.29
$0.01(3.33%)
Australian Market opens in 53h 1m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SOM.AX Technical Analysis Summary (ASX)

SomnoMed Limited (ASX: SOM.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 58.32)
Trend Strength:Moderate (ADX: 23.63)
Volatility:Medium (ATR: 0.01)
Support/Resistance:$0.23 – $0.33 (Bollinger Bands)

Technical conditions suggest SomnoMed Limited on the ASX is awaiting a decisive move. Overall, SomnoMed Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 58.32

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 91.67

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 31.91

Strongly Bullish
Strong upside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 23.63

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 89.87

Bullish
Bullish, momentum building upward.

Takeaway:SomnoMed Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.33
Middle Band (SMA 20)
$0.28
Lower Band
$0.23
Current Position
Within Bands

Takeaway:SomnoMed Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.32
Middle Line (EMA 20)
$0.29
Lower Channel
$0.26
Squeeze Status
No Squeeze

Takeaway:SomnoMed Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume-847.71K
Money Flow Index59.87Neutral, balanced money flows with no clear signal.
Relative Vigor Index29.10Bearish, price momentum favors sellers.

Overall Takeaway:SOM.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of SomnoMed Limited (ASX: SOM.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for SomnoMed Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: SOM.AX) Technical Analysis FAQ