Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average, but has broken through an important support level, which generally implies it is in a neutral trend.

The stock has support at 8.57 and 7.22. If the stock breaks down through support at 8.57 then it will probably continue lower to 7.22. The stock has resistance at 9.95 and 12.18. If the stock breaks up through resistance at 9.95 then it will probably continue higher to 12.18. The 200-day moving average is at 5.66. This will also act as support. The stock’s long-term uptrend has changed into a sideways or downtrend. In this case, the stock will either go sideways for a while or sell-off back to where it started prior to the latest big upmove. This is a risky time to buy the stock, so be careful. Wait for the trend to change to bullish before entering. Use caution during times like these, as the stock will be more volatile. Confirm with the TMTI Indicator, Short-Term and Immediate Outlook for help entering. The stock is neutral according to the Stochastic Indicator (56.48).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 12.05 suggesting the next level of support is 10.00. The long-term uptrend has now turned neutral.

The stock has support at 10.00 and 8.57. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.57. The stock will meet resistance at 12.05 and 14.57. If the stock breaks up through resistance at 12.05 then it will probably continue higher to 14.57. The 200-day moving average is at 5.29. This will also act as support. If the stock closes below 9.53 a negative trend change is probable. The stock could fall to the 200-day moving average at 5.29. The stock is extremely overbought according to the Stochastic Indicator (77.62), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 11.74 suggesting the next level of support is 9.34. The long-term uptrend has now turned neutral.

The stock has support at 9.34 and 8.57. If the stock breaks down through support at 9.34 then it will probably continue lower to 8.57. The stock will meet resistance at 10.00 and 11.74. If the stock breaks up through resistance at 10.00 then it will probably continue higher to 11.74. The 200-day moving average is at 5.06. This will also act as support. If the stock closes below 9.30 a negative trend change is probable. The stock could fall to the 200-day moving average at 5.06. The stock is slightly overbought according to the Stochastic Indicator (68.03).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 11.70 suggesting the next level of support is 10.00. The long-term uptrend has now turned neutral.

The stock has support at 10.00 and 9.30. If the stock breaks down through support at 10.00 then it will probably continue lower to 9.30. The stock will meet resistance at 11.70 and 14.13. If the stock breaks up through resistance at 11.70 then it will probably continue higher to 14.13. The 200-day moving average is at 5.03. This will also act as support. If the stock closes below 9.27 a negative trend change is probable. The stock could fall to the 200-day moving average at 5.03. The stock is neutral according to the Stochastic Indicator (63.36).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 11.57 suggesting the next level of support is 9.18. The long-term uptrend has now turned neutral.

The stock has support at 9.18 and 8.57. If the stock breaks down through support at 9.18 then it will probably continue lower to 8.57. The stock will meet resistance at 10.00 and 11.57. If the stock breaks up through resistance at 10.00 then it will probably continue higher to 11.57. The 200-day moving average is at 4.94. This will also act as support. If the stock closes below 9.17 a negative trend change is probable. The stock could fall to the 200-day moving average at 4.94. The stock is slightly oversold according to the Stochastic Indicator (31.58).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has broken down through an important fibonacci fan trendline at 10.78 suggesting the next level of support is 10.00. The long-term uptrend has now turned neutral.

The stock has support at 10.00 and 8.57. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.57. The stock will meet resistance at 10.78 and 13.00. If the stock breaks up through resistance at 10.78 then it will probably continue higher to 13.00. The 200-day moving average is at 4.43. This will also act as support. If the stock closes below 8.57 a negative trend change is probable. The stock could fall to the 200-day moving average at 4.43. The stock is neutral according to the Stochastic Indicator (36.88).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 12.95 suggesting the next support level is at 10.74. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 10.74 and 10.00. If the stock breaks down through support at 10.74 then it will probably continue lower to 10.00. The stock will meet resistance at 12.95 and 19.39. If the stock breaks up through resistance at 12.95 then it will probably continue higher to 19.39. The 200-day moving average is at 4.39. This will also act as support. The stock is neutral according to the Stochastic Indicator (41.93).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 12.84 suggesting the next support level is at 10.65. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 10.65 and 10.00. If the stock breaks down through support at 10.65 then it will probably continue lower to 10.00. The stock will meet resistance at 12.84 and 19.39. If the stock breaks up through resistance at 12.84 then it will probably continue higher to 19.39. The 200-day moving average is at 4.30. This will also act as support. The stock is neutral according to the Stochastic Indicator (51.31).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 12.78 suggesting the next support level is at 10.61. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 10.61 and 10.00. If the stock breaks down through support at 10.61 then it will probably continue lower to 10.00. The stock will meet resistance at 12.78 and 19.44. If the stock breaks up through resistance at 12.78 then it will probably continue higher to 19.44. The 200-day moving average is at 4.24. This will also act as support. The stock is neutral according to the Stochastic Indicator (55.66).”

Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 12.73 suggesting the next support level is at 10.56. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 10.56 and 10.00. If the stock breaks down through support at 10.56 then it will probably continue lower to 10.00. The stock will meet resistance at 12.73 and 19.44. If the stock breaks up through resistance at 12.73 then it will probably continue higher to 19.44. The 200-day moving average is at 4.19. This will also act as support. The stock is neutral according to the Stochastic Indicator (61.55).”