Sonic (S) is currently trading at $0.090134, showing a slight decline of 1.38% over the past 24 hours. The daily price range has been narrow, fluctuating between $0.089792 and $0.091896, indicating low volatility in recent trading.

The trading volume stands at approximately 26 million, representing 7.63% of the market cap, which suggests moderate interest but lacks the momentum needed for a strong price recovery. Technical indicators are bearish, with the 1-hour RSI at 34, signaling potential oversold conditions, while the 7-day RSI at 46 indicates that momentum is weakening.

Short-term moving averages are all indicating negative trends, with the 8 SMA, 13 SMA, and 21 SMA all showing declines of over 1%. Additionally, longer-term moving averages like the 55 SMA and 144 SMA are also trending downwards, with losses of 2.27% and 4.27% respectively, highlighting a sustained downtrend.

Fundamentally, Sonic's price has seen a significant decline over longer periods, with a 30-day change of -32.5% and a 14-day change of -15.57%. The current price is far from its all-time high of $1.029, which suggests that market sentiment is weak and investors are cautious.

Given the overall bearish indicators, low RSI readings, and significant historical price declines, the outlook for Sonic (S) is negative. Therefore, a Sell rating is warranted due to the lack of short-term recovery signals and ongoing downward pressure in the market.