Sundial Growers stock price forecast: $1.3 support as SNDL drops 2.17%

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Sundial Growers slides 2.17% today

Highlights

SNDL/USD trades below key moving averages across all timeframes, confirming sustained bearish momentum in the short and long term.
Technical indicators signal dominant selling pressure, though oversold readings suggest short-term downside exhaustion may be near.
Price is expected to remain capped between $1.3 and $1.4, with a downside breakout below $1.3 likely to trigger further losses.

Bearish momentum prevails amid oversold signals and weak support

On the hourly chart, SNDL is trading below the MA-20 at $1.37 and MA-50 at $1.39, with the daily MA-200 positioned at $1.72. The Ichimoku Kijun level near $1.37 serves as immediate resistance. Momentum indicators are negative, as the Moving Average Convergence Divergence (MACD) and Awesome Oscillator both indicate ongoing bearish pressure, while the Average Directional Index (ADX) signals neutral trend strength. The Relative Strength Index (RSI) reads 35.94, supporting a bearish bias, and both the Stochastic RSI and Commodity Channel Index (CCI) are in oversold territory, which may indicate short-term exhaustion among sellers. Bull/Bear Power readings remain negative, confirming that sellers are dominating the intraday session.

Downside risk elevated as consolidation range narrows

SNDL is expected to remain in a consolidation band between $1.3 and $1.4 over the short term, based on typical volatility and current technical constraints. The probability of a further decline is assessed as very high, while upside potential is rated as very low given ongoing selling pressure. A bullish reversal would first require a sustained move above the $1.37 resistance, whereas a close below the $1.3 support could open the way for accelerated downside momentum.

Viktoras Karapetjanc, expert at Traders Union, notes that SNDL remains under heavy selling pressure, with bearish momentum dominating both short and long timeframes. He points out that oscillators and moving averages suggest sellers are in control, and key resistance near $1.37 is holding firm. The analyst sees consolidation likely between $1.3 and $1.4 but highlights that any move below support could escalate losses. He remains constructive overall but acknowledges the need for a structural shift to enable a bullish reversal. "For any meaningful recovery, SNDL must first reclaim and sustain levels above the $1.37 resistance zone."

Earlier, analysts noted that Sundial Growers was experiencing persistent bearish momentum, with seller dominance prevailing across major timeframes. The latest technical readings not only reinforce this view but suggest that any break below the $1.30 support could rapidly intensify downside risk for SNDL in the near term.

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.