SONO Technical Analysis - SONOS INC

Technical Rating and Analysis

Taking everything into account, SONO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SONO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, SONO did better than 92% of all other stocks.

SONO is one of the better performing stocks in the Household Durables industry, it outperforms 93% of 63 stocks in the same industry.

A new 52 week high is currently being made by SONO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month SONO has a been trading in the 14.66 - 17.85 range, which is quite wide. It is currently trading near the high of this range.

SONO has an average volume of 2138910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although SONO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

11.31

17.99

When analyzing the support we can see 3 important areas.

A support zone ranging from 15.15 to 15.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 11.84 to 12.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @11.42 from a trend line in the daily time frame.

More info

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	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	92.67	POSITIVE	SONO has a high relative strength, it outperformed 92.67% 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)	82.86	OVERBOUGHT	The high RSI value suggests SONO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests SONO has a positive trend.
Stochastics (14,3)	92.99	OVERBOUGHT	The high Stochastics value suggests SONO may be overbought.
Average True Range in percent/ATR (20)	2.75	MEDIUM VOLATILITY	The ATR as a percentage value for SONO suggests some volalility.
Average Directional Index/ADX (14)	45.22	POSITIVE	The high ADX value value for SONO suggests a strong trend.