Taking everything into account, SNDL scores 0 out of 10 in our technical rating. SNDL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SNDL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.66, a Stop Loss order could be placed below this zone. 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
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2 important support areas can be observed.
- A support zone ranging from 1.64 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.59 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.77 to 1.77. 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 | 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 | 17.3 | NEGATIVE | SNDL has a low relative strength, it was outperformed by 82.7% 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) | 41.37 | NEUTRAL | The RSI value for SNDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SNDL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.17 | NEUTRAL | The Stochastics value for SNDL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for SNDL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for SNDL suggests a strong trend. |
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+0.03 (+1.79%)
SNDL INC / SNDL FAQ
Can you provide the ChartMill technical rating for SNDL INC?
ChartMill assigns a technical rating of 0 / 10 to SNDL.
What is the trend direction for SNDL stock?
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 41.3734. This indicates that the stock is currently neutral.
What is the short term momentum for SNDL INC (SNDL) stock?
The short term momentum for SNDL INC (SNDL) is negative.
What is the buy/sell signal for SNDL INC (SNDL) stock?
The buy/sell signal for SNDL INC (SNDL) is sell as both the short term and long term trends are negative.