SN Technical Analysis - SHARKNINJA INC

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to SN. In the last year, SN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month SN has a been trading in the 104.92 - 122.98 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

SN has an average volume of 1367660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, SN outperforms 52% of them, which is more or less in line with the market.

SN is an average performer in the Household Durables industry, it outperforms 66% of 63 stocks in the same industry.

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.

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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

The technical rating of SN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

70.56

122.43

4 important support areas can be observed.

A support zone ranging from 105.89 to 105.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @100.19 from a trend line in the weekly time frame.
Support @78.78 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 113.91 to 115.94. This zone is formed by a combination of multiple trend lines and important moving averages 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.

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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	UP	POSITIVE	The long term trend for SN is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SN is down.
ChartMill Relative Strength	52.33	NEUTRAL	SN is not amongst the best or worst performers 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)	UP	POSITIVE	The current price of SN is above the rising SMA(200).
Relative Strength Index/RSI (14)	33.07	NEUTRAL	The RSI value for SN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.16	NEGATIVE	The MACD value suggests SN has a negative trend.
Stochastics (14,3)	6.97	OVERSOLD	The low Stochastics value suggests SN may be oversold.
Average True Range in percent/ATR (20)	2.96	MEDIUM VOLATILITY	The ATR as a percentage value for SN suggests some volalility.
Average Directional Index/ADX (14)	21.12	NEUTRAL	The ADX value for SN suggests a possible start of a new trend.