How does SANM's Q2 forecast compare to past trends?

SANM's Q2 forecast shows a bearish trend with a 10-day duration and an 85% continuation probability. This suggests that the stock is likely to experience further declines in the near term.

1. **Current Trend**: The stock is currently between narrow resistance and wide resistance levels, indicating a bullish trend but with potential for price drops due to resistance levels.
2. **Forecast Price Trend**: The forecast for SANM's price for the next few days is mixed, with prices predicted to fluctuate within a range. For instance, the forecast for April 7th is $69.49, with a 34% confidence interval ranging from $67.27 to $71.7. This suggests that while there is a possibility of price increase, the stock is more likely to remain within this range rather than making a significant breakout.
3. **Support and Resistance Levels**: The stock is currently positioned between narrow support and wide support levels, which could indicate a potential for price increase. However, the forecast advises selling, suggesting that the potential for price decrease is greater than the potential for price increase.
4. **Historical Performance**: SANM has a historical win rate of 65.91% for the forecast price trend, which is relatively high. This indicates that the forecast is based on robust historical data and closing prices.

In conclusion, while there is a possibility of price increase, the bearish trend and resistance levels suggest that SANM's Q2 forecast is more likely to be on the lower side, with potential for price drops rather than significant gains. The forecast advises selling, which aligns with the bearish trend and potential for price decrease.