Sonos Inc

SONO’s medium-term structure shows a bearish bias amid choppy, range-bound price action around key EMAs and the 50-day SMA. The primary Bearish Pivot Point pattern signals supplier control with failed upside follow-through, cautioning against new short entries at current levels. Execution should be deferred, awaiting rallies into the overhead resistance zone near the moving averages before trimming exposure.

• ↑Q3 revenue $375M, +9% YoY, outpacing analyst estimates across regions
• ↑Adjusted EBITDA rose 24% YoY to $44M, reflecting robust cost control
• ↓Rising memory costs pressured Q3 adjusted EBITDA by ~$14M and $35M in Q4