12/24/24 - SNBR: new SELL mechanical trading signal12/24/24 - SNBR: new SELL signal chosen by a rules based, mechanical trading system.
SNBR - SELL SHORT
Stop Loss @ 20.41
Entry SELL SHORT @ 16.13
Target Profit @ 10.03
Analysis:
Higher timeframe: Prices have stayed below the upper channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3 SELL pattern...where the current highest top breakout price is less then the preceding top price.
SNBR trade ideas
Sleep Number Company | SNBR | Long at $6.99Sleep Number Company $NASDAQ:SNBR. Closed all existing open price gaps on the daily chart below its current rice. The overall downward trend is starting to flatten. They make all their products in the US and have minimal exposure to international markets (reduced risk around tariffs). Understandably, recession risks are high and such a company would be impacted. Plus, their debt is pretty high. This is a risky investment, but from technical analysis perspective, there could be a future rebound in the near-term. Thus, at $6.99, NASDAQ:SNBR is in a personal buy zone.
Targets:
$10.00
$12.00
SNBR Falling Wedge Breakout Setup!
- **Entry:** $15.52
- **Stop Loss (Exit):** $14.45
- **Take Profit Targets:**
- **T1:** $16.94
- **T2:** $18.46
- **T3:** $20.02
This setup indicates a breakout from the falling wedge pattern with potential for upward continuation. Adjust position size to manage risk effectively. 📈
SNBR Triangle Breakout Setup !
Description:
SNBR on the 30-minute chart is forming a symmetrical triangle pattern, signaling a breakout opportunity.
Entry: $19.81
Stop-Loss (SL): $19.22
Target 1 (T1): $20.30
Target 2 (T2): $21.12
The price is squeezing near the triangle apex. A breakout above $20.30 (T1) will confirm bullish momentum, with a secondary target at $21.12.
Risk-to-Reward: Tight stop-loss at $19.22 ensures effective risk management.
⚠️ Watch for Volume Confirmation on the breakout to validate the move.
#SNBR #NASDAQ #Breakout #TechnicalAnalysis #SwingTrading #RiskManagement #TradingSetup #ChartPatterns #TradingView
SNBR Hedged Options StrategyPopular smart bed company Sleep Number sells beds, mattresses, pillows and bedding related products directly to customers via 600+ retail stores, telephone order, and e-commerce. Adjustable temperature, firmness, motion sensing and automatic contouring, even snoring prevention technology are part of their luxury product catering to an aging population in the middle of a health and wellness boom -- with sleep as an increasingly buzzier part of the conversation. Americans buy 16+ million new mattresses a year, spending an average of ~$1000 per unit, making it a $12.55 billion industry. More people are relocating due to job/work-from-home opportunities and changing real estate trends (opting to buy a new mattress instead of moving an old one) -- the projected steady growth could become a surge. SNBR reports earnings Wednesday after market close, and posted beats for the previous 2 Q's. Here's one argument for the stock being undervalued.
Technically minded investors might also see some promising chart patterns forming as well, and a buying opportunity after a major selloff in the last two years. However, with its recent loss of CFO and announcement that chip shortages were a challenge, an investment in SNBR would not be without uncertainty.
Here's an options investing strategy that offers both downside protection and upside potential. Make a fixed 12% (22% annualized) at maturity as long as SNBR does not fall more than 23%. Further protection: SNBR can fall 31% through expiration before you start to lose any money.
Hedged like this:
Sell 2 $25 puts
Exp 9/15/23
Capital requirement: $4472
Sleep Number (NASDAQ: $SNBR) Starting To Get Interesting! 🤩Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
SNBR: Breakout Confirmed, 46.58% Potential Profit!Description: SNBR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $105.2 - $114.7
2. Take profit: $154.08
3. Stop Loss: $95.5
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 92%
LONG --- AM IN , AT 2ND ENTRY POINTHealthy sign in fundamental analysis .
PEG ratio .9
Ev/Revenue 1.1
P/R .83
Using financial models
(DCF.CCA.EBV) the entry point at 45.25$
Using Fibonacci technical analysis the entry point in normal case is 47.00$ and in bearish case is 33.88$
Summary
Entry point 47.5 $
Take profit 54.00$
Good Luck
Possible Buy Opportunity $35 support?SNBR has had a huge correction and is hurtling downward BUT a huge support via the Monthly EMA ribbon, the 0.78 fib retracement, and previous resistance and now potential support are being closed in on.
This may be a good chance to get a bounce off these supports at around $35