Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SN stock price is facing selling pressure and has lost the initial gains.</a> </li> 
 <li> <span>2</span> <a>Buyers could not hold the territory and will retest the round mark of $ 1,000.</a> </li> 
</ul> 
<p>Smith &amp; Nephew stock persists in facing headwinds and has re-entered into the seller region and lost the gains in the past sessions. Moreover, the chart indicates a further selloff that will drag the price to $1000, followed by $900 soon. Furthermore, the double top pattern was witnessed on the chart and the breakdown below the neckline of $1200 with a massive gap down. Additionally, a death crossover signifies the sellers’ strength; the bulls seem trapped and were on the backfoot for the past sessions. However, buyers need to attain momentum, protect the round mark of $ 1,000 and could show a significant bounce in the upcoming sessions.</p> 
<p>SN stock price is trading below the significant moving averages and has shown bearishness for the past sessions. Moreover, the chart shows that the uptrend has ended, and the price showcased a correction. Further downfall is expected, which will lead to retesting the demand zones near $900.</p> 
<p>At press time, SN stock price was $1023 with an intraday gain of 0.74%, showing neutrality on the charts. Moreover, the trading volume increased by 1.89% to 5.89 Million, and the market cap is $8.923 Billion. However, analysts maintained a buy rating with a yearly target price of $1403.5, suggesting a solid growth outlook for the following sessions.</p> 
<p>Smith &amp; Nephew plc engages in developing, manufacturing, marketing, and selling medical devices. It operates through the following segments: Orthopaedics, Sports Medicine and ENT, and Advanced Wound Management. The Orthopaedics and Sports Medicine and ENT segment consists of the following businesses: knee implants, hip implants, other reconstruction, trauma, sports medicine joint repair, arthroscopic enabling technologies and ENT. The Advanced Wound Management segment comprises advanced wound care, bioactives, and advanced wound devices businesses.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-what-sn-stock-prefers-retesting-of-20-day-ema-or-1000-strong"><strong>What SN Stock Prefers Retesting of 20 Day EMA or $1000?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/bhmernnnCLd7I6I2S1IpzsvUVw6sidc5SPC-6TD4fIU3KG_xKK2s-gcTUKgMNcsqvfIKUi0Yq0mjwxaV7dPx2tsKnyUrNDJhy9LmOF5SpAEPeYr0D9RZDNDK-PGpTqztJh8ACvP2yjiLWYG88mtpprs" alt="Smith &amp; Nephew Stock Price Dragging Gains, Will it Retest $1000?"> 
  <figcaption class="wp-element-caption">
    Source: SN Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, SN <a href="https://www.thecoinrepublic.com/2023/09/22/sndl-stock-price-prediction-will-sndl-inc-break-below-1-level/" rel="noopener noreferrer nofollow">stock</a> price is below neutrality and has slipped below the significant moving averages, showing bearishness for the past sessions. Furthermore, the price has slipped below the 38.2% Fib zone and is heading to the 23.6% zone near $1000. Moreover, it is on the verge of the lower Bollinger band. A further breakdown below $1000 can be anticipated, which would drag the price to the $900 level.</p> 
<p>The RSI curve is in the oversold region, forming a negative crossover, indicating seller dominance.</p> 
<p>The MACD indicator shows a bearish crossover and red bars on the histogram, suggesting a negative outlook.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p>SN stock price was in the oversold region and is heading to retest the round mark of $1000, which is the demand zone. Furthermore, sellers may try to break the trajectory lows of $1000 and would drag toward $900 soon. However, bulls need to be more careful and try to grab the cluster of $1000, from where a rebound could be seen.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $1000 and $900</p> 
<p>Resistance Levels: $1050 and $1100</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Smith & Nephew Stock Price Dragging Gains, Will it Retest $1000?

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