$SONOOn the weekly timeframe, an analogous analysis is favourable for this stock.Longby josejabarboza0
SONO is waiting last Indicator!1) I drew Resistance Line of RSI iIndicator and it was broken in November. 2) I drew Resistance Line of Momentum Indicator but its resistance line wasn't broken yet. We will see what will happen this month. 3) I drew Resistance Line of CCI Indicator and it was broken in November. 4) On DMI Indicator ADX is less than 20. We do not have strong trend. Also +DI cut above -DI. It is buy sign.by EmirhanhmcUpdated 0
Island Gaps and Hidden Accumulation: SONONASDAQ:SONO has a lot of Island gaps and another just in the past few months. The compression of price into a sideways trend is a good pattern. Also, the black candle that drops below the consolidation and the white candle the next day is a pattern to pay attention to. This means there is some hidden accumulation from Dark Pools at this new higher level of price. Institutional holdings is strong at 85%.by MarthaStokesCMT-TechniTrader0
SONO Potential Buy SetupReasons for bullish bias: - Price broke last LH - Entry at Fib 0.382 level - Price broke the descending channel Entry Level(Buy limit): 17.79 Stop Loss Level: 14.82 Take Profit Level 1: 20.76Longby TradeWithParas0
$SONOBig inverse shoulder head shoulder is a function of smaller ones, last one is in the making. Longby josejabarboza0
$SONO: Sonos offers a low risk short entry hereCould be a reversal of the whole advance, worth a shot here. Best of luck! Cheers, Ivan Labrie.Shortby IvanLabrie113
SONO daily - short opportunity for fast tradeSONO is bearish7weak fundamental stock therefore would be traded only on a short position. SONO after a huge drop started to consolidate in price but didn't move too much and now it is forming a bearish pattern rising wedge. Price is ready for a strong move because above it is BigRed and the trend line which will act as strong resistance, and below are other MAs. SONO is between BigRed and other MA which is neutral and indicates we are ready for a strong move. Volume is lower on this leg up therefore it cant confirm price action. RSI is at 62 which is mid overbought area. MACD histogram ticking lower which is bearish while both lines are above zero line which is bullish. Overall: even though SONO didn't break out of the pattern, if it falls below the smaller red line it will trigger a short position because of huge resistance above the price (BigRed and trend line). If it pops above the trend line then the short position will not be triggered. The reason for a short position is, in fact, this is a very bearish pattern and this is bearish/weak fundamental stock therefore if it starts to drop there is a high possibility of a major drop toward a lower trend line. Shortby Consistent_Trades0
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. Longby VantageMarkets1
SONO - Ascending Double Bottom Reversal An idea showing a lower trend line that acts as a support also while acting as a double bottom, dotted trend line This is a bullish scenario for SONO Daily timeframe by Bixley0
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.Longby VantageMarkets0
SONO - LongSonos, Inc. is an American developer and manufacturer of audio products best known for its multi-room audio products. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai. Patrick Spence was named CEO in January 2017. Sonos has partnered with over 100 companies that offer music services, including Pandora, iHeartRadio, Spotify, MOG, QQ Music, and Amazon Music. Sonos products work with the three major voice assistants: Amazon Alexa, Google Assistant, and Apple Siri, although the latter is currently only supported through Apple's Home app. In 2019 Sonos acquired Snips SAS, a privacy-focused AI voice platform for connected devices with the goal to bring a music-specific assistant to its devices SONO is testing a significant zone. Looking for a re-bounce back up, for about 40%Longby TradingtheOpportunities0
SHORT | SONONASDAQ:SONO Possible Scenario: SHORT Evidence: Price Action, TP1: 23$ TP2: 19.15$ PUT options18th Feb, Strike 20$ *This is my idea and could be wrong 100%.Shortby shksprUpdated 0
$SONO: Short setup spotted$SONO has a great short signal here, paired with a longer term down trend active, coming down from overbought readings in the daily timeframe, and below the most recent 'Key Earnings Level' from the 'Key Hidden Levels' suite of indicators developed by my mentor @timwest . A great setup considering possible implications and the state of affairs in the market these days. You can enter shorts on slight retrace if possible, or try to enter asap when pre market opens, stop loss here should be sufficiently wide (in general a basic 3 times the daily 11 period Average True Range distance from entry works, but you can risk 0.5 average ranges above the yellow box here for a tighter stop). The company was unprofitable until 2020 essentially, and has reached bubble valuations, with growth needing to continue at this pace by 2024 for current valuation to be sustainable. As other growth stocks, it's not where I'd park my money, unless there's a technical short setup forming... Shortby IvanLabrie2
SONOMID-TERM: Gap filled, bullish gartley, falling wedge, hammer candle, classic bullish divergence on RSI. (not financial advice)Longby Champion-Vibe2
SONO -short ideaThe area at 30 is now a resistance Sono is in downtrend and has a room to go to 17 with no major support The sector is weak, the fundamentals are weak, insiders are selling The short ratio is lower than 5 (short squeeze odds are not so high)Shortby AnaBloemkool0
SONO Bullish Flag on weeklyPossible bullish flag on weekly. Could grow to the 55-60 level in 3-4 months. Price: 32 Target: 60 Stop-loss: 27.50 Position: 5% of the capital Period: 3-4 months My speculation is that SONO could be acquired by one of the large players ( Meta, Microsoft). Longby adilbekkubayev0
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 FinanceLongby DowExperts0
$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. Longby EBITDAtiger220
Go to ATH and have 60%?The paper started an upward movement. Strong resistance will be near $42. A fair price for this stock is now around $50. It is possible to earn almost 60% Fundamentally a very strong company ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.Longby QuantumLabSignals3
$SONO 4+ Months Cup with HandleSomeone pointed out $SONO - Nice 4+ months up w/ handle. Would turn into an optimal setup if it it can put couple of quite days right here around this level. It could go from here but I've added to the chart what kid of price action that gets me excited!Longby TaPlot1
SONO setting upSONO could be setting up for a possible symmetrical triangle breakout It seems that $40.80 will be a pivot price point I will add some alerts at that price, with targets at $42 and $44Longby HouseOfTrades3
SONOSsonos, looking for a break out from previous highs. a pullback at dubbel top most likely to happen. but its good over all! good stock good products. safe all... Stoneby lvonstone1
SONO - Persistent UptrendI think SONO's momentum looks good and it should resume higher, maybe to new highs. Options are cheap now. Thinking of doing the Sep24 $44c for .75Longby simplenothing4