-3.33% for Sundial Growers stock — downside pressure continues as buyers struggle to hold support

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Sundial Growers drops 3.33% today

Highlights

SNDL is trading at $1.60, below the MA-20 ($1.66), MA-50 ($1.74), and MA-200 ($1.79), indicating persistent bearish pressure across all timeframes.
Momentum indicators show weakness with strong sell signals on MACD and RSI, while Stochastic RSI is overbought, presenting a notable divergence in oscillator signals.
Expected trading range for the coming week is $1.52–$1.66, with prevailing downside momentum favoring risk of further weakness toward $1.52 if support fails.

Oscillator divergence and persistent selling as volatility remains muted

Momentum indicators show weakness, with the MACD on a strong sell signal and the ADX remaining neutral at low levels, indicating a lack of clear trend strength. The RSI and Commodity Channel Index are both in sell territory while the Stochastic RSI is overbought, presenting a notable divergence in oscillator signals. Bull/Bear Power shows a strong buy, suggesting buyers are attempting to counter recent selling, yet the daily loss of 3.33% and price dropping from $1.64 on the open (no gap vs. previous close) to near the intraday low reflects prevailing downside momentum. Intraday volatility is mild with price hugging the lower end of today’s range, indicating persistent sell-side pressure after the open.

Downside favored as weekly indicators signal persistent weakness

For the coming week, the expected trading range is adjusted to $1.52 – $1.66 based on current volatility and the price position. Probability of significant price increase is very low (less than 20%), making a continued decline more likely given sell signals across all weekly indicators (MA-50, RSI, MACD, and ADX). The baseline scenario sees SNDL consolidating sideways within this corridor. In a bullish case, a rebound above $1.66 could target the $1.74 – $1.90 resistance band. The bearish scenario, favored by current momentum, risks further weakness toward $1.52 if support fails.

Viktoras Karapetjanc, expert at Traders Union, sees SNDL trading below key moving averages and facing broad sell pressure. He views current momentum as weak, with oscillators and trend indicators suggesting downside risk is dominant. While short-term buyers are present, macro sentiment and the absence of positive news keep the outlook defensive. The analyst maintains a constructive stance, expecting sideways consolidation but is alert for recovery signs if $1.66 is reclaimed. "Optimism still stands, but confirmation above $1.66 is crucial before considering a bullish turnaround for SNDL."

Last time, analysts noted that Sundial Growers Inc. exhibited persistent bearish momentum, with the price trading below key moving averages and oscillators indicating oversold conditions and weak trend strength. Immediate resistance remains near the Ichimoku Kijun level, while narrow support persists around recent lows, suggesting low odds of a rebound and a greater likelihood of continued downside within a defined volatility band.

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.