SN Technical Analysis - SHARKNINJA INC

Technical Rating and Analysis

Taking everything into account, SN scores 0 out of 10 in our technical rating. SN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, SN is a bad performer in the overall market: 87% of all stocks are doing better.

SN is one of the lesser performing stocks in the Household Durables industry. 63% of 61 stocks in the same industry do better.

In the last month SN has a been trading in the 87.89 - 112.97 range, which is quite wide. It is currently trading near the lows of this range.

SN has an average volume of 1600970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

SN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SN is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

SN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 89.44, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

70.56

121.54

When analyzing the support we can see 3 important areas.

A support zone ranging from 88.37 to 89.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @80.17 from a trend line in the weekly time frame.
Support @71.27 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 93.92 to 94.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @120.34 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for SN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SN is down.
ChartMill Relative Strength	13	NEGATIVE	SN has a low relative strength, it was outperformed by 87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SN is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SN is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.54	NEUTRAL	The RSI value for SN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.34	POSITIVE	The MACD value suggests SN has a positive trend.
Stochastics (14,3)	32.12	NEUTRAL	The Stochastics value for SN is a neutral value.
Average True Range in percent/ATR (20)	3.86	MEDIUM VOLATILITY	The ATR as a percentage value for SN suggests some volalility.
Average Directional Index/ADX (14)	43.88	POSITIVE	The high ADX value value for SN suggests a strong trend.