SNDL INC (SNDL) Stock Technical Analysis
NASDAQ:SNDL - CA83307B1013 - Common Stock
2.24 USD
+0.03 (+1.36%)
2.21 USD
-0.03 (-1.34%)
Taking everything into account, SNDL scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SNDL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SNDL is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 76% of 193 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.
In the last month SNDL has a been trading in the 1.43 - 2.28 range, which is quite wide. It is currently trading near the high of this range.
SNDL has an average volume of 3093130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SNDL did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SNDL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.60
2.27
When analyzing the support we notice one important area.
- A support zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.25 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.11 | POSITIVE | SNDL has a high relative strength, it outperformed 91.11% 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) | 73.15 | OVERBOUGHT | The high RSI value suggests SNDL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SNDL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.74 | OVERBOUGHT | The high Stochastics value suggests SNDL may be overbought. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for SNDL suggests high volalility. |
| Average Directional Index/ADX (14) | 52.08 | 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)
2.24
+0.03 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.36%
1 Week6.16%
2 Weeks34.13%
1 Month45.45%
3 Month73.64%
6 Month26.55%
12 Month6.16%
2 Year25.14%
3 Year-21.4%
5 Year-34.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.7%
ATR Inc-9.57%
Range Today0.1
ADR(20)0.11
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.11
Mansfield2.19
10 Day High2.28
10 Day Low1.65
20 Day High2.28
20 Day Low1.43
52 Week High2.4
52 Week Low1.15
CS1 End1.64
CR1 Start2.25
Volume & EV
DER(3)1.44%
DER(5)2.43%
Volume2.39M
Volume Incr-1.57%
Vol(5)4.08M
Vol(50)3.09M