Sundial Growers stock price forecast: $1.40–$1.48 range in focus as SNDL gains 1.77%

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Sundial Growers rises 1.77% to $1.44

Highlights

SNDL trades above short-term averages but remains under medium- and long-term moving averages, signaling ongoing selling pressure.
Momentum indicators show mixed signals, with trend strength weak and most oscillators leaning bearish despite minor intraday gains.
Price is likely to consolidate between $1.40 and $1.48, with a higher probability of decline if $1.40 support breaks.

Mixed momentum as technical barriers cap upside

On the hourly chart, SNDL is positioned above its MA-20, below the MA-50, and well under the long-term MA-200. Immediate price support is defined by the Ichimoku Kijun level at $1.44. MACD has produced a Buy signal, while ADX and AO remain Neutral, indicating weak underlying trend strength. RSI and Stoch RSI are both on Sell, CCI is Neutral, and BBP is on Buy, highlighting mixed momentum across oscillators and continued intraday buyer participation. The price increase occurred with moderate volatility and ended the session near the low of the daily range, reinforcing the uncertainty revealed by momentum divergence.

Downside favored as consolidation persists near support

In the near-term, SNDL is expected to consolidate within the $1.40 to $1.48 band, reflecting typical volatility around current levels. The likelihood of an upward breakout remains very low, while a decline is considered highly probable if support at $1.40 is breached. Unless resistance is taken out convincingly, price is anticipated to oscillate between these boundaries over the next few sessions.

Anton Kharitonov, expert at Traders Union, sees SNDL's technical setup as weak despite the current price rise. He notes mixed momentum and failing to clear higher-term resistance, with no supporting news catalysts. Kharitonov maintains a cautious stance due to the high risk of a breakdown if $1.40 support fails. "Unless buyers step up convincingly, I expect sideways to lower price action — for now, I stay defensive."

Earlier, analysts noted that Sundial Growers was experiencing mixed momentum signals and persistent uncertainty, resulting in expectations for sideways trading. The current analysis reinforces this indecisive backdrop, with price action and oscillators suggesting traders should closely monitor the $1.40 support as a potential trigger for renewed 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.