Sundial Growers stock price forecast: persistent pressure as SNDL consolidates near support

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Sundial Growers rises 0.91% to $1.66

Highlights

SNDL closed at $1.66, below its MA-20 ($1.82), MA-50 ($1.81), and MA-200 ($1.78), signaling sustained multi-term selling pressure.
Momentum indicators are weak, with a daily MACD 'Sell' signal, ADX at 13.98 (neutral), and RSI at 41.62, while Stochastic RSI is deeply oversold at 5.01.
The forecasted five-day price range is $1.64 to $1.88, with trend indicators assigning less than a 20% probability to upside moves and favoring a bearish scenario if support at $1.64 fails.

Bearish momentum persists amid intermittent intraday buying signals

Momentum signals remain soft, with the MACD in "Sell" mode on both daily and hourly timeframes, while the ADX shows a weak and neutral trend at just 13.98. Oscillators reflect oversold conditions — RSI is at 41.62 and Stochastic RSI is at a low 5.01 — while CCI also tilts negative at –77.09. Bull/Bear Power is slightly negative (–0.06), favoring seller dominance intraday, though there are intermittent signs of short-term buyer activity in lower timeframes. The daily movement shows a modest gain to $1.66, up 0.91% from the previous close of $1.65 with only a fractional gap at the open ($1.67), and the price is near the midpoint of today’s range ($1.65 – $1.68), signaling fairly low volatility and a tone of sideways consolidation for now. There is apparent divergence between persistent bearish momentum and modest daily gains, suggesting entrenched seller pressure despite occasional intraday bounces.

Limited upside as indicators favor downside within sideways range

For the next five trading days, the expected adjusted price range is $1.64 to $1.88, keeping movements within a typical volatility band relative to current levels. The probability of a further price increase is very low (less than 20%), making a decline more likely based on all major daily and weekly trend indicators pointing "Sell." The baseline scenario foresees SNDL continuing to oscillate in a sideways corridor between immediate support at $1.64 and resistance near $1.88 – $1.99. A bullish scenario would require a strong break back above $1.88 and toward the Ichimoku Kijun at $1.99, but upside momentum is weak. Conversely, if support at $1.64 fails, a renewed bearish swing could develop amid ongoing seller control.

Anton Kharitonov, expert at Traders Union, notes that SNDL remains under sustained technical pressure across all major timeframes. The analyst sees weak momentum and no supportive news, with indicators pointing to seller control and low volatility. He believes immediate support at $1.64 is crucial, while a move above $1.88 is unlikely given the current setup. "Base case remains sideways to lower as long as sellers dominate — any recovery attempt below $1.88 looks fragile."

No asset data was provided for analysis.

Source of Data: SNDL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.