SharkNinja, Inc. (SN) Loses -15.44% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Zacks11-01

SharkNinja, Inc. (SN) has been on a downward spiral lately with significant selling pressure. After declining 15.4% over the past four weeks, the stock looks well positioned for a trend reversal as it...

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After declining 15.4% over the past four weeks, the stock looks well positioned for a trend reversal as it...</p>\n\n<a href=\"https://finance.yahoo.com/news/sharkninja-inc-sn-loses-15-133507144.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SharkNinja, Inc. 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(SN) Loses -15.44% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 21:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sharkninja-inc-sn-loses-15-133507144.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SharkNinja, Inc. (SN) has been on a downward spiral lately with significant selling pressure. After declining 15.4% over the past four weeks, the stock looks well positioned for a trend reversal as it...</p>\n\n<a href=\"https://finance.yahoo.com/news/sharkninja-inc-sn-loses-15-133507144.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RSI","symbol_name":"Rush Street Interactive, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/sharkninja-inc-sn-loses-15-133507144.html","article_id":"2480388741","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6Ex_CnpNXcMseRWMhPXBow--~B/aD01ODg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3496571a811465d910e99bd171c71a94"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480388741","pubTimestamp":1730468107,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SharkNinja, Inc.  has been on a downward spiral lately with significant selling pressure. After declining 15.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.We use Relative Strength Index , one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.The heavy selling of SN shares appears to be in the process of exhausting it","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RSI":"Rush Street Interactive, Inc.","BK4150":"赌场与赌博","BK4191":"家用电器","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","SN":"SHARKNINJA INC"},"translate_title":"SharkNinja,Inc.(SN)在4周内下跌-15.44%，这就是为什么趋势逆转可能即将到来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1,"SN":1},"content_text":"SharkNinja, Inc. (SN) has been on a downward spiral lately with significant selling pressure. After declining 15.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.\nGuide to Identifying Oversold Stocks\nWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.\nRSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.\nTechnically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.\nSo, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.\nHowever, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.\nWhy SN Could Bounce Back Before Long\nThe heavy selling of SN shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 26.18. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.\n\nThe RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for SN has increased 0.4%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.\nMoreover, SN currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSharkNinja, Inc. (SN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480388741"}