SNDL Technical Analysis - SNDL INC

Technical Rating and Analysis

Overall SNDL gets a technical rating of 7 out of 10. In the last year, SNDL was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month SNDL has a been trading in the 2.32 - 2.89 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

SNDL is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. SNDL outperforms 81% of them.

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 4296950 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 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

2.30

2.49

When analyzing the support we can see 2 important areas.

A support zone ranging from 2.36 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 2.32 to 2.32. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for SNDL is neutral.
ChartMill Relative Strength	89.79	POSITIVE	SNDL has a high relative strength, it outperformed 89.79% 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)	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)	47.58	NEUTRAL	The RSI value for SNDL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests SNDL has a negative trend.
Stochastics (14,3)	28.07	NEUTRAL	The Stochastics value for SNDL is a neutral value.
Average True Range in percent/ATR (20)	6.52	HIGH VOLATILITY	The high ATR as a percentage value for SNDL suggests high volalility.
Average Directional Index/ADX (14)	29.54	POSITIVE	The high ADX value value for SNDL suggests a strong trend.