Sonic Cp (SONC)
Trading: BUY @ $43.37
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Sonic Cp (NASDAQ:SONC) buyers are increasingly eager. This is the first day buyers have increased eagerness for SONC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2800. & the greatest daily price range this year has been $21.6500. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0x.
The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.
Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;
PROFILE: Sonic Cp (SONC)
Stock Exchange: NASDAQ
Company: Sonic Cp
Ticker Codes: | SONC | NASDAQ:SONC |
Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2017, the company operated 3,593 Sonic Drive-Ins in 45 states, of which 228 were owned and operated by the company and 3,365 were owned and operated by franchisees. The company also owns and leases 135 properties; and sublease 53 properties to franchisees and other parties. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.
|CSII Cardiovascular Syst||30.23||5||383,299||-1||BEARISH|
|ADI Analog Devices||89.02||4.1||6,512,898||-1||BEARISH|
|CSGP Costar Inc||361.22||3.2||394,662||-1||BEARISH|
|NVDA Nvidia Corporation||149.08||3||41,918,325||-1||BEARISH|
|ALGN Align Technology||210.1||2.8||3,364,755||-1||BEARISH|
|NNBR Nn Inc||6.8||2.6||958,043||0||BEARISH|
|SYRS Syros Pharmaceuticals||7.57||2.6||56,547||0||BEARISH|