SONOS INC (SONO) Stock Technical Analysis
NASDAQ:SONO - Nasdaq - US83570H1086 - Common Stock - Currency: USD
Taking everything into account, SONO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SONO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
SONO is one of the better performing stocks in the Household Durables industry, it outperforms 88% of 63 stocks in the same industry.
SONO has an average volume of 2061910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SONO is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SONO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SONO is lagging the market.
In the last month SONO has a been trading in the 10.11 - 13.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SONO has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
10.34
13.78
We found 3 important support areas.
- A support zone ranging from 12.77 to 12.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.80 to 10.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.44 to 10.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.56 to 13.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 SONO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SONO is up. |
| ChartMill Relative Strength | 84.24 | POSITIVE | SONO has a high relative strength, it outperformed 84.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SONO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SONO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SONO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.01 | NEUTRAL | The RSI value for SONO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SONO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.47 | NEUTRAL | The Stochastics value for SONO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SONO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.3 | NEGATIVE | The low ADX value for SONO suggests a weak or negative 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)
12.88
-0.03 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.27%
1 Week-2.28%
2 Weeks17.41%
1 Month14.18%
3 Month32.92%
6 Month7.96%
12 Month11.9%
2 Year-6.53%
3 Year-14.36%
5 Year-8.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%4.73%
ATR Inc-48.75%
Range Today0.29
ADR(20)0.56
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.24
Mansfield-0.03
10 Day High13.94
10 Day Low10.76
20 Day High13.94
20 Day Low10.11
52 Week High15.89
52 Week Low7.63
CS1 End12.87
CR1 Start12.97
Volume & EV
DER(3)0.96%
DER(5)0.57%
Volume1.49M
Volume Incr-8.84%
Vol(5)2.32M
Vol(50)2.06M