Sundial Growers stock price forecast: Downside risk prevails as SNDL tests support zone

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Sundial Growers drops 3.14% today

Highlights

SNDL trades at $1.54, positioned below its MA-20 ($1.61), MA-50 ($1.72), and MA-200 ($1.79), indicating sustained selling pressure across all time frames.
Momentum and demand remain weak, as shown by a negative MACD, RSI at 43.88, CCI at –84.07, and seller-favored Bull/Bear Power, despite mixed oscillator signals.
The expected five-day range is $1.51–$1.60, with a breakdown below $1.51 increasing downside risk, while resistance is near the Ichimoku Kijun at $1.61.

Bearish momentum dominates as indicators flash mixed market signals

Momentum remains weak as indicated by a negative MACD and a Neutral ADX reading, suggesting the trend lacks strength. The Relative Strength Index and Commodity Channel Index both signal a lack of demand (RSI at 43.88, CCI at –84.07), while the Stochastic RSI is in Overbought territory, pointing to mixed conditions. Bull/Bear Power favors sellers, reinforcing the current downside move; the daily price slipped 3.14% without a notable opening gap. The price is currently near the session low, intraday volatility is modest, and there is continued pressure after the open — however, divergences between oscillators and momentum indicators hint at an unsettled backdrop.

Further downside risk expected as rebound likelihood remains low

For the next five trading days, the expected range is $1.51 — $1.60. The probability of a price increase is very low (less than 20%), making a further decrease substantially more likely. The baseline scenario is a sideways consolidation just above recent lows. A bullish scenario suggests a move above $1.61 with confirmation needed from renewed momentum, while a bearish outcome involves a breakdown below the $1.51 support area that could accelerate declines.

Viktoras Karapetjanc, Traders Union expert, sees SNDL under steady pressure as it remains below all key moving averages and shows weak demand on the oscillators. He notes the technical picture is unsettled, but also highlights that downside is approaching a strong support band. Despite muted momentum, the analyst keeps a constructive outlook for consolidation above recent lows. He believes further downside is likely limited unless $1.51 fails. "If the price can reclaim $1.61 and stabilize, this could set the stage for a bullish reversal in the sessions ahead."

Last time, analysts noted that Sundial Growers Inc. is trading below all key moving averages, with the price facing resistance at the Ichimoku Kijun and forming support slightly below current levels. Momentum indicators such as the MACD and ADX signal sustained weakness, while oscillators like the RSI and Stochastic RSI show oversold conditions, suggesting ongoing bearish pressure despite mild intraday buying strength.

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.