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Sonos

Sonos - All about the Base (Pattern)US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59) Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 22.76 and 24.50 Resistance: 18.28 / 21.30 / 22.76 Support: 16.33 / 15.17 / 14.85 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:SONOLong
by VantageMarkets
Sonos:Bear market rally!?Sonos Inc Short Term - We look to Buy at 15.55 (stop at 14.55) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is scope for mild selling at the open but losses should be limited. Support is located at 15.50 and should stem dips to this area. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 17.96 and 19.00 Resistance: 18.00 / 20.00 / 32.00 Support: 15.00 / 13.00 / 8.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:SONOLong
by VantageMarkets
SONOS (SONO) to explode higher post Q4 EarningsFundamental Analysis Sonos is a technology company, that specializes in the home audio, wireless and multi-room sound systems. It's major competitors are Bose, JBL, Harmon Kardon, Cabasse in the higher-end home speaker space. The firm sells a wide range of audio devices including connected speakers, subwoofers, soundbars for TVs and more. Sonos made a big step in the right direction earlier this year, when the company entered into the popular portable smart speaker segment with its $179 mass-market Roam speaker. The company has also seen a significant increase in demand for its products as a result of the consumer shift towards modern, connected devices, smart homes etc. and this tailwind is expected to continue to push the company forward as more people spend on home-based upgrades. Recognizing the fact that the company relies heavily on its hardware sales, the senior management at Sonos has slowly but surely began to diversify the company's business by introducing new services and features to its clients. The most recent one was the Sonos Radio HD, which is an ad-free streaming tier of its music service competing directly with the likes of Spotify and it costs $7.99 per month. Following the example of the leading tech giants out there like Apple (AAPL), Sonos wants to build an ecosystem of products and services that will increase the loyalty to the brand, its revenue streams and overall efficiency. Sonos revenue climbed 11% in FY19 and 5% last year. Analysts expect call for its 2021 (year ended October 2) sales to surge more than 30% to over $1.8 billion, with FY22 projected to jump another 13% higher to come in at $1.95 billion. The company is expected to swing from an adjusted loss of -$0.18 a share last year all the way to +$1.11 in FY21, with FY22 set to climb another 6% higher. Technical Analysis From a technical standpoint, the stock has been in a sideways consolidation trading range in the last 8 months, after the huge BULL run in the Sept. 2020 - March 2021 period. We saw the stock failing to break the ATH resistance at the $44 mark on few occasions earlier in the Spring. Since then, the stock has been stuck within the broad $31-$44 range, with few sharp rises and declines. However, most recently we've seen a strong pickup in the bullish momentum for the stock heading into its Q4 Earnings report, which is scheduled to be released on November 17th after the market close. This shows that investors are positive about the future of the company and as a result expect to see the stock moving higher. We are seeing both the RSI and the Stochastic oscillators trending upwards on their daily graphs. The current position of the stock with respect to the above-mentioned price range as well as the upcoming earnings report, combined with the 4 straight Earnings beats that Sonos has produced in its last 4 EPS reports, we expect to see a major move to the upside for the stock in the coming weeks. We see Sonos moving easily towards the higher end of the price range around $44 per share before the end of November, where it will face certain selling pressure as many pending SELL orders are waiting there. However, we believe that the stock will ultimately manage to break above this strong resistance, which will then open up the door for a strong rally towards the $55-60 range in Q1, 2022. Follow us for more detailed market analyses, profitable trading ideas and a consistent portfolio performance! Kind regrds, Dow Experts Finance
NASDAQ:SONOLong
by DowExperts
$SONO back towards $45It has maintained overperformance over the consumer discretionary sector (represented by XLY) but has lost some of its relative strength against it. It appears that the extra alpha and extreme overperformance is going to be back on SONO 's side based on the chart bottom chart where the relative strength is hitting a level that usually would result in a bounce back. They have earnings coming up and tend to trade very well after earnings, at least initially. On average based on the last 3 earnings reports, they could have roughly a 25.77% return after this upcoming earnings report. This is also a holiday/seasonal trade for me. They should have a killer quarter. The company is also extremely well managed and the product is unbelievable. Sonos isn't going anywhere anytime soon unless they get acquired AT A PREMIUM.
NASDAQ:SONOLong
by EBITDAtiger
2
SONO Reversal: Likely Return to $40+ After OpenLooking to see a run past $40 again for SONO. Much of the analysis presented in the graphs. So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25). I am very LONG ON Sonos. Own several hundred shares in equity (not planning on selling) and dozens of options positions that I day trade based on reversal signals, RSI, and profit-seeking behavior that day. Usually sell the more volatile, shorter-intermediate term contracts at high volume, high open interest, and ITM or near-ITM. Look to June $40 and $45 calls. Also: hurray to my first post!
NASDAQ:SONOLong
by XanaduRising
1
SONOS breaking out of its IPO bottomNASDAQ:SONO broke out of its IPO, buy now or upon retest of the break out level of 23.7$ or slightly lower at the 20 MA. Its not easy to figure out the target, it already crossed the analysts average target and could easily hit the highest target of 30$ and even higher. I am in this trade without stop but a good stop level would be around 20$. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
NASDAQ:SONOLong
by Chartoholic