USA A1 Trading Advice (C) | 04-Sep-2024 | Expected Gain 6%-7%

 BUY   SharkNinja (NYSE: SN)

SharkNinja (NYSE: SN) STOCK RECOMMENDATION

Idea BUY
Buy Range 92.5 – 94.5
Target 100 – 101
StopLoss* below 90.5
Duration 12-14 Trading Days
Potential Returns 6% – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 92.5 – 94.5 100 – 101 below 90.5 12-14 Trading Days 6% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

SharkNinja (NYSE: SN) STOCK OVERVIEW

SharkNinja, Inc. is a design and tech company that provides a range of consumer solutions globally. It offers cleaning appliances like corded and cordless vacuums, steam mops, and carpet cleaners. For cooking, it has air fryers, multi-cookers, grills, coffee systems, and more. It also sells food prep tools like blenders and juicers, beauty devices like hair dryers, and home products like air purifiers. Products are available through retail stores, online, distributors, and directly to consumers under the Shark and Ninja brands. Founded in 2017, the company is based in Needham, Massachusetts.

Stock Data
NYSE Symbol SN
Sectoral Index Consumer Discretionary
52 Weeks High 96.73
52 Weeks Low 33.08

SharkNinja (NYSE: SN) - RELATIVE STRENGTH

SN-RELATIVE STRENGTH

Relative Performance - Last 1 Year

SharkNinja —     NYSE —

SharkNinja (NYSE: SN) - DAILY TECHNICAL ANALYSIS

SN-DAILY TECHNICAL ANALYSIS
SharkNinja (NYSE: SN) - Technical Analysis (Daily)
  • Since its listing day, the stock has been on an upward trajectory, consistently creating higher highs and lows.
  • Recently, a bullish Pole & Flag pattern has appeared on the chart, signaling a possible continuation of this trend.
  • With a recent breakout, the price is now poised to continue its upward movement.

SharkNinja (NYSE: SN) - RSI

SN-RSI
SharkNinja (NYSE: SN) - RSI
  • Current RSI of this stock is 71.65, which indicates the strength of buyers.

SharkNinja (NYSE: SN) - EMA CROSS

SN-EMA CROSS
SharkNinja (NYSE: SN) - EMA CROSS
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

SharkNinja (NYSE: SN) - ADX & DI

SN-ADX & DI
SharkNinja (NYSE: SN) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - SharkNinja (NYSE: SN) STOCK PRICE FORECAST

Based on our stock trading advice in USA, SharkNinja stock price target will be USD 92.5 – USD 94.5 in the next 12-14 trading sessions.

SharkNinja (NYSE: SN) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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