Sundial Growers stock price forecast: $1.55 resistance in focus as SNDL extends gains

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Sundial Growers gains 3.68% today

Highlights

SNDL trades under key moving averages, confirming sustained bearish pressure across all timeframes.
Momentum indicators show mixed to weak signals, with seller control persisting despite a minor upside move in the session.
Shares are expected to remain range-bound between $1.42 and $1.47 over the next week, with a downside bias prevailing.

Mixed momentum and resistance cap gains as sellers persist

The price is holding below the SMA-20 at $1.45, SMA-50 at $1.45, and SMA-200 at $1.83. Immediate resistance sits at the Ichimoku Kijun level of $1.55, while short-term support is established at $1.42. The technical momentum picture is mixed: MACD and RSI display neutral to weak signals, ADX on the daily shows only modest trend strength, Stoch RSI points to a strong buy but is below overbought thresholds, and CCI is neutral. BBP remains negative, highlighting sustained seller dominance during the session. The session opened with a gap up from $1.36 to $1.38 and closed near the day's high, signaling intraday strength, though momentum indicators lagged behind the price movement and revealed notable divergence.

Downward bias likely as volatility stays confined by support

Over the next five trading days, SNDL is expected to remain in a tight volatility band between $1.42 and $1.47. The probability of a price increase remains very low (less than 20%), favoring a continued downward bias. A break above $1.55 could trigger a bullish scenario by attracting additional buying interest, while a decline below $1.42 support may accelerate the ongoing downtrend.

Anton Kharitonov, expert at Traders Union, sees persistent bearish pressure on Sundial Growers Inc. The price remains below key averages and technical momentum is weak, with indicators not confirming the session’s intraday strength. He notes a tight expected trading range and low odds of a reversal. "As long as SNDL holds under $1.55, I remain cautious and see limited upside in the coming days."

Earlier, analysts noted that Sundial Growers was facing ongoing downside pressure with limited indications of technical strength. The current technical setup continues to reinforce a cautious outlook, making a decisive close above $1.55 the primary signal for any potential shift toward bullish momentum.

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.