Shark NinjaOne of the less well known IPOs' from the last couple of years. Strong growth, financials have been excellent, the company is executing and taking market share from their competitors.
But there's a big problem - tariffs and possible recession. Consumer stocks will perform very poorly if we fall into a recession. It must be noted the manufacturing for this company appears to be in Vietnam. We know Vietnam has emerged as one of the first countries pushing for a deal, which is good for Shark's manufacturing costs. However, the price still goes up so this affects margins.
Something to consider if you're looking at SN. Not financial advice.
SN trade ideas
SharkNinja - New InvestmentFundamentals:
SharkNinja is recognized for its innovative products in the home appliances sector, particularly in cleaning, cooking, and food preparation. The company’s ability to innovate consistently has helped it capture market share and drive sales growth. I believe that SharkNinja presents a strong investment case, driven by its accelerating fundamentals. It has a combination of robust sales and earnings growth, increasing institutional support, and a strong uptrend.
Accelerating Sales and Earnings Growth:
The company has consistently achieved quarter-over-quarter (q/q) sales and earnings growth exceeding my desires. It has strong operational performance and market demand across its product categories.
Positive EPS Growth Rate:
The earnings per share (EPS) growth rate is in positive territory. This tells me that the company has the ability to translate revenue growth into shareholder value in the mid-to-long term.
Increasing Institutional Support:
I observe that a growing number of institutional investors are piling into SN stock. This reflects increased investor confidence in the company. This also gives me some validation of the company's financial stability and future prospects.
Technicals:
SharkNinja chart shows a favorable technical setup.
Daily and Weekly Trends:
Both the daily and weekly trends are upward, reflecting a strong bullish momentum.
The price has doubled since May 2024, confirming a robust and sustained uptrend. The stock is hovering on the cloud, which serves as a key support zone. This indicates a potential consolidation phase before another upward move.
The volume profile supports the bullish outlook, with increasing participation during upward moves. Stochastic and RSI indicators on the chart show no extreme overbought conditions, suggesting room for further upward movement.
My Entry Point: About $97
Stop Loss: Below $69
Target Price: A little above $160.
Weekly:
Daily:
SN LongBought half size this afternoon as SN cleared a recent consolidation pivot after gapping up this morning. In a better environment, I'd have bought in full size today, but I'll look to hold and buy more if / when the stock reaches its debut-day high of $52.90 and the environment improves. Reasons for entry are simple... stock gapped up on earnings, pulled in and then gapped away again on even higher volume than the earnings day. It has continued to show solid volume patterns with volume surges accompanying big up days (including today) & had a nice volume dry-up leading into today's gap and push.
Stop is just below where a complete gap fill would occur. Will be looking to slide the stop up as soon as I can given the poor environment. Would like to see a big volume up day bring us back to the debut-day high to drag that anchored VWAP from the 9/11/23 gap up above my breakeven price.
SN has room for growth - expecting pattern repetitionThis stock definitely has been on a consistent down trend, and on the 5 year chart has been trending relatively sideways as of late, however - we recently hit a 52 week low of around 2.70, and are now seeing a rebound off of that.
based on a decent amount of time watching this stock and giving it my best effort to understand SN - my hypothesis is that we will see it go up to around +/-3.60, and drop a final time before rising up to another resistance at around 9 dollars in the next three months.
This is just based on my own due diligence, not to be taken as trading advice just sharing my thoughts on the future of this stock.
Sanchez Energy still holding the upper half of its upward trendI think that Sanchez Energy, although a shitty ride, is still progressing in the upward channel since its bottom and reversal back in November. Chart shows support around $5.10-5.20s and resistance around 5.70s. With a high short float in play (probably rightfully so), should see the price increase as the weekend closes before the cycle starts all over again on Monday. Need to hold higher lows and higher highs and keep the trend intact. However, I would love to exit my position upon an entry back into the 6's, for a rebuy back around the 5.70s
2017-12-01 - Sanchez Energy - Go Long if you are not alreadyToday, the stock finally broke out of the range with a strong close at 5.60 USD.
I've drawn my trendline on the weekly, I expect the trend to continue slowly.
Let's hope it holds.
On the 26 October we had a nice new line, which I believe to be the final one and a nice Wyckoff spring.
Anyways, I will trade this long term without a stop-loss as I believe the stock to be high undervalued (sector related).
SN - long at supportIndustry: Independent Oil & Gas
EPS due date: 2/22
Horizontal S&R: yes, weekly
Channel S&R: yes, weekly
MA S&R: 50ma
>200ma: yes
Volume confirmation: no
Candle Confirmation: no
Stoch Divergence: no
Reg Trendline >85: yes
Short Float: 22%
Risk / Reward: 1:2
Any feedback is welcomed.
SN SHORT AT 3.75 RESISTANCEThere is a lot of resistance up in the 3.75-3.80 zone giving us an opportunity to short.
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SN Sanchez Energy Accum/Dist Breakout to All Time HighsSanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started.
Reference ADL Divergence
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