-3.24% for Sundial Growers stock as price trades near session lows

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Sundial Growers slides 3.24% today

Highlights

SNDL is under sustained bearish pressure, trading below key moving averages across all timeframes.
Momentum indicators signal persistent weakness, with oversold conditions but no confirmed reversal or buying interest.
For the upcoming week, SNDL is expected to trade between $1.33 and $1.42, with a higher likelihood of further downside.

Bearish momentum persists as oversold readings fail to spark rebound

Momentum signals remain weak, with MACD and ADX both indicating a bearish to neutral environment. RSI is in sell territory, while Stoch RSI and CCI indicate an oversold condition, demonstrating stretched prices to the downside without clear reversal momentum. The Ichimoku Kijun level at $1.50 acts as immediate resistance, while BBP confirms strong seller dominance, consistent with today's drop and the asset trading near session lows of $1.35 – $1.38. AO supports the prevailing bearish momentum, and the presence of oversold readings without a bullish rebound underlines the divergence between weak momentum and sustained selling.

Elevated downside risk as bullish breakout odds remain low

For the coming week, the forecasted price range for SNDL is $1.33 – $1.42, representing a typical volatility band relative to current levels. The probability of upward movement remains very low (under 20%), while the chance of additional declines is elevated. Three scenarios are possible: baseline — SNDL trades sideways between $1.33 and $1.42; bullish — a move above the $1.50 Kijun resistance would shift prices toward $1.42 and higher; bearish — a breakdown below $1.33 would introduce further downside risk.

Anton Kharitonov, expert at Traders Union, notes that SNDL remains firmly under technical pressure, with all key moving averages overhead and weak momentum across major indicators. He sees no meaningful bullish signals, as sellers control the price action and oversold conditions have yet to trigger any positive response. Kharitonov maintains a cautious outlook with a bias toward further downside volatility in the coming week. "Unless SNDL can reclaim the $1.50 resistance, I would not trust any upside — sellers remain in charge for now."

Earlier, analysts noted that Sundial Growers continued to experience persistent bearish pressure, as technical signals highlighted ongoing seller dominance. With current technicals reaffirming this bearish environment and elevating the chances of further declines, traders should watch for a potential breakdown below $1.33 as a signal of increased downside risk ahead.

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.