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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SNPO
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Red day on Friday for Snap One Holdings Corp. stock after losing 0.68493150684931%
(Updated on Dec 08, 2023)


Sell candidate since Nov 15, 2023 Loss -11.37% PDF
The Snap One Holdings Corp. stock price fell by -0.68493150684931% on the last day (Friday, 8th Dec 2023) from $7.30 to $7.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.33% from a day low at $7.15 to a day high of $7.46. The price has fallen in 7 of the last 10 days and is down by -5.1% for this period. Volume has increased on the last day by 976 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 31 thousand shares were bought and sold for approximately $227.93 thousand.

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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.20% during the next 3 months and, with a 90% probability hold a price between $5.23 and $6.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

SNPO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 28, 2023, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Snap One Holdings Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.35 and $7.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Snap One Holdings Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, November 28, 2023 and based on theory for this formation the price should go up by 17.93% to $8.55 within 12 trading days since signal was issued (Monday, December 11, 2023).

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Support, Risk & Stop-loss for Snap One Holdings Corp. stock

Snap One Holdings Corp. finds support from accumulated volume at $7.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.310 between high and low, or 4.33%. For the last week, the stock has had daily average volatility of 4.38%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SNPO) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Snap One Holdings Corp. to open at $7.29, and during the day (based on 14 day Average True Range), to move between $6.82 and $7.68, which gives a possible trading interval of +/-$0.428 (+/-5.90%) up or down from last closing price. If Snap One Holdings Corp. takes out the full calculated possible swing range there will be an estimated 11.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.24 (0.14%) than the resistance at $7.50 (3.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Snap One Holdings Corp. stock A Buy?

Snap One Holdings Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.599 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for Snap One Holdings Corp. of Monday, December 11, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 11, 2023 Current price
$7.29 $7.25 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.60 4.78 %
R2 7.48 3.14 %
R1 7.40 2.14 %
Current price: 7.25
Support S1 7.17 -1.13 %
S2 7.10 -2.14 %
S3 6.98 -3.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.51 17.38 %
R2 8.27 14.07 %
R1 7.50 3.45 %
Current price 7.25
Support S1 7.24 -0.138%
S2 7.15 -1.38%
S3 7.08 -2.34%
What is the symbol for Snap One Holdings Corp. Stock and on which exchange is it traded?
The symbol for Snap One Holdings Corp. is SNPO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Snap One Holdings Corp. Stock?
Snap One Holdings Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Snap One Holdings Corp. Stock?
Snap One Holdings Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Snap One Holdings Corp. Stock.

What's the current price of Snap One Holdings Corp. Stock?
As of the end of day on the 2023-12-08, the price of an Snap One Holdings Corp. (SNPO) share was $7.25.

What is the 52-week high and low for Snap One Holdings Corp. Stock?
The 52-week high for Snap One Holdings Corp. Stock is $12.38 and the 52-week low is $6.70.

What is the market capitalization of Snap One Holdings Corp. Stock?
As of the 2023-12-08, the market capitalization of Snap One Holdings Corp. is 554.845M.

When is the next earnings date for Snap One Holdings Corp.?
The upcoming earnings date for Snap One Holdings Corp. is 2024-03-12 00:00:00.

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About Snap One Holdings Corp.

Snap One Holdings . Snap One Holdings Corp. provides smart living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; an... SNPO Profile

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