Sundial Growers stock holds gains as critical $1.32 resistance level stays in focus

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Sundial Growers trades flat at $1.31

Highlights

SNDL is experiencing short-term price stability but remains under medium- and long-term bearish pressure.
Momentum indicators are mixed, with a strong sell bias from Stoch RSI and overall selling pressure dominating.
Expected trading range is $1.27–$1.35, with a high probability of further downside and key resistance at $1.32.

Bearish momentum persists as resistance and mixed indicators dominate

Looking at the technical setup, SNDL is currently trading above the 20-period moving average, while remaining below the 50-period moving average on the hourly chart and the 200-period moving average on the daily chart. Immediate resistance is provided by the Ichimoku Kijun at $1.32, with support outlined at $1.27. Momentum signals are mixed: the Moving Average Convergence Divergence (MACD) indicates strong bearish momentum, while the Average Directional Index (ADX) points to neutral trend strength. The Relative Strength Index (RSI) is at 46.12 in sell territory, Stochastic RSI is also a strong sell, and the Commodity Channel Index (CCI) is neutral. Bull/Bear Power shows buyer activity intraday but sellers dominate overall, while the Awesome Oscillator is neutral, confirming indecisive short-term dynamics.

Sideways trade expected as bearish risks outweigh upside

In the short term, SNDL is expected to fluctuate within a typical volatility band between $1.27 and $1.35. Given current technicals, the probability of a decisive upward move is very low, while a downward break below $1.27 is highly likely if selling momentum persists. The baseline forecast is for price action to remain sideways in the current range. A bullish scenario would require a close above the $1.32 resistance, whereas further downside is anticipated if the support at $1.27 fails.

Viktoras Karapetjanc, expert at Traders Union, notes that SNDL remains range-bound with a technical bias toward further volatility. He highlights short-term buyer interest, yet observes that sellers maintain control unless the $1.32 barrier is surpassed. The analyst sees no fundamental news flow to shift sentiment or validate a stronger move. He expects sideways action unless momentum decisively breaks support or resistance. "If bulls can reclaim $1.32, a positive shift is on the table, but until then the risk of a breakdown below $1.27 is real."

Earlier, analysts noted that Sundial Growers was facing ongoing bearish pressure with limited prospects for a near-term reversal. The latest technical signals reinforce this cautious outlook, making a close watch on the $1.32 resistance critical for any shift in trend direction.

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.