Sundial Growers shares jump as stock buying pressure builds

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Sundial growers rises 2.12% today

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Dan Blystone

2 hours ago

Sundial Growers shares jump as stock buying pressure builds — Sundial growers rises 2.12% today

Sundial Growers (SNDL) trades at $1.45, showing a daily gain of $0.03 or 2.12%. The price sits just above its 20-day and 50-day moving averages at $1.44 and $1.43, signaling near-term neutrality with longer-term downward pressure from sellers as reflected by the 200-day average at $1.80.

SNDL price prediction

24H 0.68%

$1.47

48H 0.68%

$1.47

7D 2.74%

$1.5

1M 2.05%

$1.49

3M 32.88%

$1.94

6M 76.03%

$2.57

12M 13.01%

$1.65

Detailed

Current price: $ 1.46 0.0400 2.83%

Real-time Data 12:20

Daily range 1.43

1.46

Weekly range 1.41

1.49

Highlights

Sundial Growers faces continued medium- and long-term selling pressure, trading well below its 200-day average at $1.80.
Short-term momentum is mixed, with technical signals reflecting both oversold conditions and weak to neutral underlying trend strength.
The stock is expected to trade sideways in the $1.34 to $1.49 range over the next five days absent a decisive breakout.

Anton Kharitonov, expert at Traders Union, is skeptical of SNDL's short-term prospects. He points to mixed momentum signals, with neither the RSI nor CCI offering constructive signs. Kharitonov notes that price action is confined beneath the major 200-day moving average, reinforcing a bearish technical bias. He also draws attention to the absence of recent news, seeing this as a negative for sentiment and potential inflows. "With momentum diverging and no bullish confirmation on higher timeframes, I advise staying defensive unless $1.49 is reclaimed with strong volume."

Viktoras Karapetjanc, expert at Traders Union, remains constructive despite current selling pressure. He underlines that the bullish structure remains intact above the $1.34 support zone. Karapetjanc emphasizes that the day's positive close and strong MACD reading highlight ongoing opportunity for reversal setups, even if headlines are absent. "As long as $1.34 holds, further recovery attempts are likely and breakout traders should stay alert for momentum above $1.49."

Mixed momentum signals as intraday strength clashes with bearish bias

Momentum signals are mixed. MACD on the daily chart gives a Strong Buy reading but the Average Directional Index (ADX) is neutral and weak. The Relative Strength Index (RSI) hovers at 46.26 in a bearish zone, and the Stochastic RSI sits in oversold territory. The Commodity Channel Index (CCI) signals a downward bias. BBP is mildly negative at -0.01, showing sellers still dominate intraday momentum, and there are no definitive overbought/oversold signals from BBP itself. The daily move is positive, with the stock up $0.03 (2.12%) after a small upside gap of about 1 cent at the open. The price is currently near the high of the day’s range. Intraday volatility stands at 0.70%. The tone is of renewed strength toward session highs, even as broader momentum indicators diverge.

Earlier, analysts noted that Sundial Growers was experiencing persistent downside pressure and navigating a cautious, range-bound environment amid bearish signals. With mixed momentum readings and session highs met by overarching longer-term weakness, monitoring for a confirmed breakout above $1.49 or a breakdown below $1.34 will be critical in determining the next significant directional move.

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

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