SNDL INC (SNDL) Stock Technical Analysis
USA - NASDAQ:SNDL - CA83307B1013 - Common Stock
2.41 USD
+0.02 (+0.84%)
2.36 USD
-0.05 (-2.07%)
Overall SNDL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNDL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SNDL is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 82% of 195 stocks in the same industry.
SNDL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNDL is lagging the market slightly.
SNDL has an average volume of 3773020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SNDL is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SNDL has a been trading in the 2.01 - 2.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SNDL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.40, a Stop Loss order could be placed below this zone.
More info and screens
1.76
2.43
2 important support areas can be observed.
- A support zone ranging from 2.35 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.78 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SNDL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNDL is up. |
| ChartMill Relative Strength | 91.48 | POSITIVE | SNDL has a high relative strength, it outperformed 91.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNDL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNDL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNDL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for SNDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SNDL has a negative trend. |
| Stochastics (14,3) | 33.79 | NEUTRAL | The Stochastics value for SNDL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.41 | HIGH VOLATILITY | The high ATR as a percentage value for SNDL suggests high volalility. |
| Average Directional Index/ADX (14) | 48.23 | POSITIVE | The high ADX value value for SNDL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.47 | 2.34 | 0.13 (5.21%) | 19.21% |
| An entry @2.47. This is a Buy Stop order right above the 10 day moving average. | An exit @2.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.13 points, which is 5.21%. | When investing 19.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SNDL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.41
+0.02 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.84%
1 Week-2.82%
2 Weeks-10.41%
1 Month14.22%
3 Month86.82%
6 Month59.6%
12 Month16.43%
2 Year26.84%
3 Year10.55%
5 Year0.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.41%
ATR Inc-32.64%
Range Today0.1
ADR(20)0.12
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.48
Mansfield2.62
10 Day High2.71
10 Day Low2.33
20 Day High2.74
20 Day Low2.01
52 Week High2.74
52 Week Low1.15
CS1 End2.4
CR1 StartN/A
Volume & EV
DER(3)1.23%
DER(5)-1.44%
Volume4.09M
Volume Incr-56.07%
Vol(5)2.28M
Vol(50)3.77M