Smith & Wesson Brands, Inc. Common Stock | SWBI

Daily Technical Analysis of Smith & Wesson Brands, Inc. Common Stock

Smith & Wesson Brands is up a bit on the day, funds flowing in kept the price up 1.82% since yesterday. It looks like SWBI may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line SWBI is near a weak support line. We'll see if it bounces off or heads lower. Smith & Wesson Brands hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and Smith & Wesson Brands starts moving up, it can probably get to $11.185 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Smith & Wesson Brands By Price Target And Rating

The analysts are pretty neutral on Smith & Wesson Brands right now, so not much useful information here. The current Analysts Sentiment Score is 0.45. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-12-08 Craig Hallum increased their price target by 16.67% to $14.00. Aegis reiterated a rating of Buy on 2023-09-12.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Smith & Wesson Brands

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Smith & Wesson Brands

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.