SNDL INC (SNDL) Stock Technical Analysis
NASDAQ:SNDL • CA83307B1013
We assign a technical rating of 0 out of 10 to SNDL. SNDL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 77% of all other stocks performed better in the past year than SNDL.
- SNDL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- SNDL has an average volume of 2933120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNDL is an average performer in the Pharmaceuticals industry, it outperforms 45% of 192 stocks in the same industry.
- In the last month SNDL has a been trading in the 1.44 - 1.63 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 a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.49, a Stop Loss order could be placed below this zone.
More info and screens
1.43
We found 2 important support areas.
- A support zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.44 to 1.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.55 from a trend line in the daily time frame.
- A resistance zone ranging from 1.58 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.87 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SNDL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNDL is down. |
| ChartMill Relative Strength | 23.22 | NEGATIVE | SNDL has a low relative strength, it was outperformed by 76.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SNDL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNDL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SNDL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for SNDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SNDL has a positive trend. |
| Stochastics (14,3) | 56.25 | NEUTRAL | The Stochastics value for SNDL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SNDL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for SNDL suggests a weak or negative trend. |
1.55
0 (0%)
SNDL INC / SNDL FAQ
What is the ChartMill technical rating of SNDL INC (SNDL) stock?
ChartMill assigns a technical rating of 0 / 10 to SNDL.
Can you provide the trend direction for SNDL INC?
The current trend direction for SNDL INC (SNDL) is Bearish.
What is the RSI signal for SNDL stock?
SNDL INC (SNDL) has an RSI value of 48.6. This indicates that the stock is currently neutral.
What is the short term momentum for SNDL stock?
The short term momentum for SNDL INC (SNDL) is negative.
What are the support and resistance levels for SNDL INC (SNDL) stock?
SNDL INC (SNDL) has a support level at 1.49 and a resistance level at 1.55. Check the full technical report for our detailed analysis of SNDL support and resistance levels.