SHARKNINJA INC (SN) Stock Technical Analysis
NYSE:SN - KYG8068L1086 - Common Stock
117.18 USD
-4.04 (-3.33%)
117.096 USD
-0.08 (-0.07%)
Taking everything into account, SN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SN is part of the Household Durables industry. There are 63 other stocks in this industry. SN outperforms 87% of them.
SN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SN is lagging the market slightly.
In the last month SN has a been trading in the 113.22 - 122.98 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SN has an average volume of 1555920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SN did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, SN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 120.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 114.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
70.56
122.43
5 important support areas can be observed.
- A support zone ranging from 110.56 to 114.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.56 from a trend line in the daily time frame.
- A support zone ranging from 96.58 to 97.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.84 from a trend line in the weekly time frame.
- Support @71.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- 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 | 84.53 | POSITIVE | SN has a high relative strength, it outperformed 84.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SN is below 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) | 51.3 | NEUTRAL | The RSI value for SN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests SN has a negative trend. |
| Stochastics (14,3) | 67.42 | NEUTRAL | The Stochastics value for SN is a neutral value. |
| 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) | 30.12 | POSITIVE | The high ADX value value for SN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 121.23 | 113.58 | 7.65 (6.31%) | 15.85% |
| An entry @121.23. This is a Buy Stop order right above the resistance zone. | An exit @113.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.65 points, which is 6.31%. | When investing 15.85% 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.
117.18
-4.04 (-3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-3.33%
1 Week0.8%
2 Weeks1.17%
1 Month1.72%
3 Month34.3%
6 Month29.27%
12 Month23.74%
2 Year152.76%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.54
ATR(20)%2.96%
ATR Inc51.1%
Range Today6.14
ADR(20)3.08
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.53
Mansfield0.68
10 Day High122.98
10 Day Low113.59
20 Day High122.98
20 Day Low113.22
52 Week High128.51
52 Week Low60.5
CS1 End114.03
CR1 Start120.34
Volume & EV
DER(3)3.55%
DER(5)2.05%
Volume1.71M
Volume Incr-18.57%
Vol(5)1.36M
Vol(50)1.56M