Sundial Growers stock price forecast: $1.33–$1.46 range remains key as SNDL dips

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Sundial Growers slides 2.46% today

Highlights

SNDL is exhibiting sustained downside momentum with price trading below critical short-, medium-, and long-term moving averages.
Bearish momentum is confirmed by multiple indicators, including weak MACD, low ADX, and mildly oversold oscillator readings.
Over the next five sessions, SNDL is expected to remain in a $1.33–$1.46 range, with downside risk dominating and limited prospects for a reversal.

Persistent seller momentum as resistance and oversold signals converge

On the technical front, SNDL is trading at $1.39, which is below the SMA-20 at $1.45, SMA-50 at $1.43, and well under the SMA-200 at $1.83. The Ichimoku Kijun sits at $1.57 and establishes the first major resistance. Momentum indicators remain firmly bearish: the daily MACD is in sell territory, while ADX is neutral and low. RSI is at 44.80, Stoch RSI at 41.14, and CCI at –63.68, all reflecting mild to moderate oversold conditions. The bearish BBP and a weak Awesome Oscillator reading reinforce broad seller dominance for the session, with a moderate level of intraday volatility.

Downside risk heightened as bearish signals cap rebound potential

For the upcoming five trading days, SNDL is expected to move between $1.33 and $1.46, aligning with the typical volatility band relative to current levels. The probability of a significant upward move is low (under 20%), while downside risks are elevated due to persistent bearish signals from weekly moving averages and oscillators. The baseline scenario involves prices staying within this range, with sellers maintaining control and only minor bounces occurring. An upward scenario would require a sharp reversal to test resistance at $1.46, but this lacks current indicator support, while more intense selling could push the price below $1.33 if negative sentiment intensifies.

Anton Kharitonov, expert at Traders Union, believes the technical outlook for SNDL remains weak. The stock trades well below major moving averages, with all momentum indicators signaling a bearish stance. He sees little prospect for buyers to regain control in the short term, given the absence of positive news and continued dominance by sellers. "As long as SNDL stays under $1.46 and bearish signals persist, I remain defensive and see elevated downside risks."

Earlier, analysts noted that Sundial Growers was exhibiting persistent technical weakness with limited prospects for a near-term rebound. Current conditions reinforce this bearish outlook, and traders should closely monitor price action around the $1.33 level as a decisive break lower could indicate an escalation in downside risk.

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.