Short-term price holds above recent averages. Can SNDL test resistance soon?

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Sundial Growers up 0.39% to $1.3

Highlights

SNDL/USD demonstrates robust short- and medium-term momentum with price action outperforming mixed technical indicator signals intraday.
Despite intraday gains and high volatility, technical signals remain broadly bearish to neutral, reflecting limited upside conviction.
Price is expected to trade within a $1.26–$1.35 range in the coming days, with a higher likelihood of downside movement.

Mixed momentum signals as technical resistance limits upside

On the hourly chart, SNDL is above its 20-period and 50-period moving averages, while remaining below the daily 200-period moving average at $1.65. The Ichimoku Kijun line on the daily timeframe marks immediate support at $1.3. Momentum signals are mixed: the Moving Average Convergence Divergence (MACD) signals Strong Sell, Average Directional Index (ADX) is Neutral, Relative Strength Index (RSI) is at 46.56 (Sell), Stochastic RSI is also in Sell territory, while Commodity Channel Index (CCI) is Neutral. Bull/Bear Power points to buyer dominance intraday, and the Awesome Oscillator is Neutral, suggesting no clear directional momentum from oscillators.

Downside favored as volatility remains constrained

Looking ahead to the next several days, SNDL is expected to trade within a narrow volatility band between $1.26 and $1.35. The probability of an upward breakout remains very low, with downward movement being the much more likely scenario. The baseline expectation is for continued sideways price action unless the upper limit at $1.35 is broken to the upside or the $1.26 support zone fails.

Viktoras Karapetjanc, expert at Traders Union, notes that SNDL is holding above its short- and medium-term moving averages, showing some technical resilience. He sees mixed momentum readings and very limited volatility, with the price boxed in a sideways range. Without any news catalyst, the likelihood of a breakout remains low. The analyst believes upward movement is possible but not favored in the current structure. "If SNDL can break above $1.35, further gains may follow — but for now, I expect consolidation within the established range."

Earlier, analysts noted that Sundial Growers shares faced persistent downside momentum amid technical resistance and bearish sentiment. The current setup reinforces this cautious outlook, with the risk of a fresh decline increasing should the $1.26 support level give way in the coming sessions.

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.