SHARKNINJA INC (SN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SN - KYG8068L1086 - Common Stock
We assign a technical rating of 7 out of 10 to SN. SN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
SN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
70.56
We found 4 important support areas.
- Support @89.10 from a trend line in the weekly time frame.
- Support @87.26 from a trend line in the daily time frame.
- Support @82.13 from a horizontal line in the daily time frame.
- Support @71.27 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @116.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 120.34 to 121.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for SN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SN is up. |
| ChartMill Relative Strength | 72.73 | POSITIVE | SN has a high relative strength, it outperformed 72.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73 | OVERBOUGHT | The high RSI value suggests SN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests SN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests SN may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SN suggests some volalility. |
| Average Directional Index/ADX (14) | 40.91 | POSITIVE | The high ADX value value for SN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 116.96 | 107.26 | 9.70 (8.29%) | 12.06% |
| An entry @116.96. This is a Buy Stop order right above the resistance zone. | An exit @107.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.70 points, which is 8.29%. | When investing 12.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
115.26
+1.25 (+1.1%)
SHARKNINJA INC / SN FAQ
Can you provide the ChartMill technical rating for SHARKNINJA INC?
ChartMill assigns a technical rating of 7 / 10 to SN.
What is the trend direction for SN stock?
The current trend direction for SHARKNINJA INC (SN) is Bullish.
What is the RSI signal for SN stock?
SHARKNINJA INC (SN) has an RSI value of 73. This indicates that the stock is currently overbought.
What is the short term momentum for SHARKNINJA INC (SN) stock?
The short term momentum for SHARKNINJA INC (SN) is positive.
What is the buy/sell signal for SN stock?
The buy/sell signal for SHARKNINJA INC (SN) is buy as both the short term and long term trends are positive.