Taking everything into account, SNDL scores 0 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, SNDL is a bad performer in the overall market: 82% of all stocks are doing better.
- 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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- SNDL has an average volume of 3020180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNDL is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, SNDL did better than 42% of them.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SNDL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SNDL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.43
We found 2 important support areas.
- Support @1.49 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.67 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.93 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 | 18.2 | NEGATIVE | SNDL has a low relative strength, it was outperformed by 81.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNDL is below 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) | 39.49 | NEUTRAL | The RSI value for SNDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SNDL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.48 | NEUTRAL | The Stochastics value for SNDL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for SNDL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.13 | POSITIVE | The high ADX value value for SNDL suggests a strong trend. |
1.5
+0.01 (+0.67%)
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 39.4933. 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 1.64. Check the full technical report for our detailed analysis of SNDL support and resistance levels.