Sono Tek Corp SOTK Technical Analysis Charts
To select one of the following technical indicators, please press the icon  at the top of the chart.
Average True Range (ATR)
The Average True Range (ATR), identifies periods of high and low volatility
in the market. High volatility indicates a market with large stock price fluctuations,
whereas low volatility signals a market that is in a trading range, with small
stock price movements. Moreover, markets with high stock price fluctuation have a higher
risk-to-reward ratio, as stock prices tend to rise and fall in a short period of time.
The number of periods can be changed to best suit a particular stock and
time frame. Period (days):
Stochastic Oscillator
Stochastic Oscillator is a indicator that shows the location of the current
stock price close relative to the high/low range over a set number of periods. Closing levels
that are consistently near the top of the range indicate accumulation "buying
pressure" and those near the bottom of the range indicate distribution
"selling pressure".
There are two types of Stochastic Oscillators: Fast and Slow.
Readings below 20 are considered oversold and readings above 80 are considered
overbought.
The number of periods can be changed to best suit a particular stock and
time frame. Period: , Period2 :
Money Flow Index (MFI)
The Money Flow Index (MFI) is used to measure the strength of money flowing
in and out of a stock.
The MFI helps identify market tops and bottoms. A value above 80 signals a
possible top, and a reversal may be in order. Conversely, a value below 20 indicates
a possible market bottom.
The MFI is also used to identify divergence. If the stock price trends upward or
hits a new significant high but the indicator trends downward or does not reach
a new high, there may be a potential reversal on the horizon.
Money Flow
Money Flow is used to measure the strength of money flowing in and out of a
stock.
A value above 1 signals money flowing into stock. Conversely, a value below
1 indicates money flowing out of stock.
The number of periods can be changed to best suit a particular stock and
time frame. Period (days):
Moving Average Convergence Divergence (MACD)
MACD is the difference between a fast Exponential Moving Average (EMA) and
a slow Exponential Moving Average and the fast Moving Average is continually
converging towards or diverging away from the slow Moving Average. Signal line
is a the Exponential Moving Average of the MACD, plotted to identify changes
in trends and market sentiment.
The MACD study can be used to identify stock buy and sell signals. When the MACD
crosses above the signal line, it may be time for the longs to enter the market,
whereas when a cross below the signal line occurs, it may be time for the shorts
to enter the market.
The MACD study can also be used as an oscillator, an indicator that fluctuates
above and below a zero-line, to signal overbought and oversold conditions. When
both lines are below zero, it is considered an oversold condition, signalling
a buying opportunity, whereas if both lines are above zero, it is considered an
overbought condition, signalling a selling opportunity.
Accumulation/Distribution Line
Accumulation/Distribution Line assess the cumulative flow of money into and
out of a Stock.
The signals for the Accumulation/Distribution Line are fairly straightforward
and center around the concepts of divergence and confirmation.
A bullish signal is given when the Accumulation/Distribution Line forms a positive
divergence.
A bearish signal is given when the Accumulation/Distribution Line forms a negative
divergences
As a volume indicator, the Accumulation/Distribution Line will help to determine
if the volume in a stock is increasing on the advances or declines.
Chaikin Money Flow (CMF)
Chaikin Money Flow oscillator is calculated from the daily readings of the
Accumulation/Distribution Line. The basic premise behind the Accumulation Distribution
Line is that the degree of buying or selling pressure can be determined by the
location of the close relative to the high and low for the corresponding period
(Closing Location Value). There is buying pressure when a stock closes in the
upper half of a period's range and there is selling pressure when a stock closes
in the lower half of the period's trading range.
The first and most obvious signal. If the Chaikin Money Flow is greater than
zero. It is an indication of buying pressure and accumulation when the indicator
is positive.
The second item: determine how long the oscillator has been able to remain
above zero. The longer the oscillator remains above zero, the more evidence
there is that the security is under sustained accumulation. Extended periods
of accumulation or buying pressure are bullish and indicate that sentiment towards
the security remains positive.
The third indication: the actual level of the oscillator. Not only should the
oscillator remain above zero, but it should also be able to increase and attain
a certain level. The more positive the reading is, the more evidence of buying
pressure and accumulation.
The number of periods can be changed to best suit a particular stock and
time frame. Period (days):
Commodity Channel Index (CCI)
CCI measures the gap to a Moving Average, helping detect the beginning and
the end of market trends. The CCI is calculated as the difference between the
price of a stock and the average stock price over a specified period. The result is
then compared with the average difference over the period (Period (days):).
Values between +100 and -100 indicate a sideways market. Bullishness is confirmed
when the index crosses +100 while dipping below -100 indicates bearishness in
the market.
Adx
Average Directional Index ADX is used to determine a stock price trend's strength regardless
of whether it is up or down. ADX is derived from the relationship of the DMI
(Directional Movement Indicators) lines.
The number of periods can be changed to best suit a particular stock and
time frame. Period (days):
Williams %R
Williams %R, shows the relationship of the stock price close relative to the high-low range
over a set period of time. The nearer the close is to the top of the range,
the nearer to zero (higher) the indicator will be. The nearer the stock price close is to
the bottom of the range, the nearer to -100 (lower) the indicator will be. If
the close equals the high of the high-low range, then the indicator will show
0 (the highest reading). If the close equals the low of the high-low range,
then the result will be -100 (the lowest reading).
The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought,
and readings from -80 to -100 considered oversold.
The number of periods can be changed to best suit a particular stock and
time frame. Period (days):
Chaikin Oscillator
The Chaikin Oscillator is simply the Moving Average Convergence Divergence
indicator (MACD) applied to the Accumulation/Distribution Line.
The formula is the difference between (Period:) the 3-day exponential moving
average and (Period 2:) the 10-day exponential moving average of the Accumulation/Distribution
Line.
There are two bullish signals that can be generated from the Chaikin Oscillator:
positive divergences and centerline crossovers. Because the Chaikin Oscillator
is an indicator of an indicator, it is prudent to look for confirmation of a
positive divergence, by a bullish moving average crossover for example, before
counting this as a bullish signal.
There are two bearish signals that can be generated from the Chaikin Oscillator:
a negative divergence and a bearish centerline crossover. Allow a negative divergence
to be confirmed by a bearish centerline crossover, before a bearish signal is
rendered.
On Balance Volume (OBV)
The concept behind the indicator: volume precedes price. OBV is a simple indicator
that adds a period's volume when the close is up and subtracts the period's
volume when the close is down.
A cumulative total of the volume additions and subtractions forms the OBV line.
This line can then be compared with the price chart of the underlying stock
to look for divergences or confirmation.
A rising volume can indicate the presence of smart money flowing into a stock.
A rising (bullish) OBV line indicates that the volume is heavier on up days.
If the stock price is likewise rising, then the OBV can serve as a confirmation of
the price uptrend. In such a case, the rising price is the result of an increased
demand for the stock, which is a requirement of a healthy uptrend.
If stock prices are moving higher while the volume line is dropping, a negative divergence
is present. This divergence suggests that the uptrend is not healthy and should
be taken as a warning signal that the trend will not persist.
Percentage Volume Oscillator (PVO)
The Percentage Volume Oscillator (PVO) is the percentage difference between
two moving averages of volume. (Period) & (Period 2)
The PVO can be used to identify periods of expanding or contracting volume
in three different ways
Centerline Crossovers: like the PPO, the PVO oscillates above and below the
zero line. When PVO is positive, the shorter EMA of volume is greater than the
longer EMA of volume. When PVO is negative, the shorter EMA of volume is less
than the longer EMA of volume. A PVO above zero indicates that volume levels
are generally above average and relatively heavy. When the PVO is below zero,
volume levels are generally below average and light.
Directional Movement: General directional movement of the PVO can offer a quick
visual assessment of volume patterns. A rising PVO signals that volume levels
are increasing and a falling PVO signals that volume levels are decreasing.
Moving average crossovers: When PVO moves above its signal line (Period 3),
volume levels are generally increasing. When PVO moves below its signal line,
volume levels are generally decreasing.
Percentage Price Oscillator (PPO)
The Percentage Price Oscillator is found by subtracting the longer moving average
from the shorter moving average and then dividing the result by the longer moving
average.
Within Period:, Period 2:, Period 3: user can define the periods used to calculate Percentage
Price Oscillator.
Momentum (MTM)
The Momentum indicator is used to predict future trends on recent stock price action.
When momentum is above the 100-line and rising, prices are increasing at an
increasing rate. If momentum is above the 100 line but is declining, stock prices
are still increasing but at a decreasing rate.
On the other hand, when momentum is below the 100-line and falling, stock prices
are decreasing at an increasing rate. If momentum is below the 100 line but
is rising, stock prices are still declining but at a decreasing rate.
Within Period:, Period 2: user can define the periods used to calculate Momentum.
Rate of Change (ROC)
The Rate of Change (ROC) indicator is similar to momentum, a oscillator that
measures the percent change in stock price from one period to the next.
When ROC is above the 0-line and rising, prices are increasing at an increasing
rate. If ROC is above the 0 line but is declining, stock prices are still increasing
but at a decreasing rate.
On the other hand, when ROC is below the 0-line and falling, stock prices are decreasing
at an increasing rate. If ROC is below the 0 line but is rising, stock prices are
still declining but at a decreasing rate.
Within Period (days):, Period2 (days): user can define the periods used to
calculate ROC.
Bollinger Bands
Bollinger Bands are indicators that allowe users to compare volatility and
relative price levels over a period time. The indicators consists of three bands
(SMA, SMA+2 standard deviations, SMA-2 standard deviations) designed to encompass
the majority of a security's price action.
In addition to identifying relative price levels and volatility, Bollinger
Bands can be combined with stock price change and other indicators to generate signals
and significant price change.
Double bottom buy: A double bottom buy signal is given when stock prices cross
the lower band and remain above the lower band after a subsequent low forms.
Either low can be higher or lower than the other. The important thing is that
the second low remains above the lower band. The bullish setup is confirmed
when the price moves above the middle band, or simple moving average.
Moving Average Envelopes
A simple moving average line can be enhanced by surrounding the line pattern with
parallel envelopes. These envelopes deviate from the the moving average line by
a user-specified percentage (Percent (%)) in order to determine when stock prices have
strayed from the moving average line by that percentage.
Keltner Channels (KC)
Keltner Channels are 2 lines (upper and lower), suggesting that prices have
the greatest probability of trading within the boundaries set by the upper and
lower lines. Stock Prices that fluctuate outside of these borders represent trading
opportunities.
Within Period (days): user can define the period used to calculate Keltner
Channels.
Moving Average
A simple moving average is formed by computing the average price of a stock
over a specified number of periods (Period (days)). Moving averages are one of
the most popular and easy to use tools available to the technical analyst. They
smooth a data series and make it easier to spot trends, something that is especially
helpful in volatile markets.
Price Channels
Price channels form boundaries above and below the stock price line and can be used
as indicators of volatility. Stock Price channels are created by specifying a number
of periods that will chart an (Period (days)) high or low around the price line.
Price channels can generate buy/sell signals at points of breakouts. When the
stock price line breaks above or below the upper or lower price channel respectively,
a new high or low becomes present.
Exponential Moving Average
Exponential Moving Average (EMA) reduces the lag in simple moving averages by
applying more weight to recent stock prices relative to older stock prices. The weighting
applied to the most recent stock price depends on the specified period of the moving
average. The shorter the EMA's period (Period (days)), the more weight that will
be applied to the most recent stock price.
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