Stock Price Prediction

Technical Analysis: SharkNinja (SN) shows bearish signals in short-term technical indicators with RSI-14 at 39.25 indicating oversold conditions. The stock recently experienced a significant drop of -7.19% in regular market trading, closing at $102.89.

Price Levels and Support/Resistance:

• Current price: $104 (after-hours)
• Fibonacci levels indicate:
  • Key resistance: $119.81 (R1)
  • Strong support: $104.15 (S1)
  • Pivot point: $111.98

Moving Averages Analysis:

• Trading below SMA-5 ($109.26) and SMA-10 ($110.43)
• Above longer-term SMA-200 ($93.29), maintaining long-term uptrend
• Bollinger Bands show price near lower band ($103.82), suggesting potential oversold condition

News Sentiment Impact: Recent analyst coverage remains bullish:

• J.P. Morgan maintains Buy rating with $139 price target
• Guggenheim reiterates Buy rating with $135 target
• Strong analyst consensus with 24.80% upside potential

Price Prediction for Next Week: Based on technical indicators and recent price action:

• Base case target: $106-108 (3-4% bounce from current levels)
• Support level: $102-103
• Resistance level: $111-112

Trading Recommendation: BUY

• Entry point: Current levels ($104) present attractive entry following recent pullback
• Strong fundamentals and analyst support suggest oversold conditions
• Set stop loss at $101 to limit downside risk
• First target: $108 (short-term resistance)