SONO Technical Analysis - SONOS INC

Technical Rating and Analysis

Taking everything into account, SONO scores 9 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.

Both the short term and long term trends are positive. This is a very positive sign.

SONO is part of the Household Durables industry. There are 63 other stocks in this industry. SONO outperforms 88% of them.

SONO 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 SONO is lagging the market slightly.

In the last month SONO has a been trading in the 12.64 - 15.19 range, which is quite wide. It is currently trading near the high of this range.

SONO has an average volume of 2071910 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 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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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

Although SONO has an excellent technical rating, it does not present a decent entry opportunity 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

10.93

15.30

4 important support areas can be observed.

Support @12.87 from a horizontal line in the daily time frame.
Support @11.42 from a trend line in the daily time frame.
Support @11.24 from a trend line in the weekly time frame.
Support @11.04 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 15.14 to 15.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 SONO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SONO is up.
ChartMill Relative Strength	88.73	POSITIVE	SONO has a high relative strength, it outperformed 88.73% 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)	72.91	OVERBOUGHT	The high RSI value suggests SONO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests SONO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	93.04	OVERBOUGHT	The high Stochastics value suggests SONO may be overbought.
Average True Range in percent/ATR (20)	2.84	MEDIUM VOLATILITY	The ATR as a percentage value for SONO suggests some volalility.
Average Directional Index/ADX (14)	34.62	POSITIVE	The high ADX value value for SONO suggests a strong trend.