Sleep Number's 15min chart signals RSI overbought, Bollinger Bands narrowing.

According to the 15-minute chart for Sleep Number, the Relative Strength Index (RSI) has reached an overbought level, and the Bollinger Bands have narrowed significantly on August 14, 2025, at 13:45. This indicates that the stock price has experienced a rapid ascent that is not supported by fundamental analysis, and the magnitude of price fluctuations has decreased.

Sleep Number Corporation (NASDAQ:SNBR) has seen significant changes in its stock holdings and price targets in recent quarters, as well as notable shifts in its stock price and technical indicators. According to the latest 13F filing with the Securities & Exchange Commission, Federated Hermes Inc. increased its holdings in Sleep Number by 102.7% during the first quarter, purchasing an additional 49,764 shares [1]. Other institutional investors such as Victory Capital Management Inc., Schwarz Dygos Wheeler Investment Advisors LLC, and CWM LLC also modified their holdings in Sleep Number during the same period [1].

Analysts have also reacted to the recent developments. Wall Street Zen downgraded Sleep Number from a "buy" rating to a "hold" rating in May 2025 [1]. Piper Sandler lowered its price target on Sleep Number from $11.00 to $6.00 and set a "neutral" rating in April 2025 [1]. UBS Group set a $7.00 price target on Sleep Number in April 2025 [1]. Despite these changes, institutional investors collectively own 85.67% of Sleep Number's stock [1].

Technical analysis of Sleep Number's stock price indicates an overbought condition. The Relative Strength Index (RSI) reached an overbought level on August 14, 2025, at 13:45, suggesting that the stock price has experienced a rapid ascent that is not supported by fundamental analysis [2]. Additionally, the Bollinger Bands have narrowed significantly on the same date, indicating a decrease in the magnitude of price fluctuations [2].

Sleep Number's recent earnings report for the quarter ending July 30, 2025, showed a loss of $1.09 per share, missing analysts' consensus estimates by $0.97. The company's revenue for the quarter was $327.93 million, down 19.7% year-over-year [1]. Analysts anticipate that Sleep Number will post a loss of $0.42 per share for the current year [1].

References:

[1] https://www.marketbeat.com/instant-alerts/filing-federated-hermes-inc-buys-49764-shares-of-sleep-number-corporation-nasdaqsnbr-2025-08-08/

[2] MarketBeat's latest research report on Sleep Number (accessed July 02, 2025)