SNDL INC. - Weekly - Technical analysis published on 02/11/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.775 USD
My targets
0.516 USD (-22.13%)
0.469 USD (-29.22%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SUNDIAL GROWERS INC.. As long as you are under the resistance located at 0.775 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.516 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.469 USD as an objective. Crossing it would then enable sellers to target 0.387 USD. If the resistance 0.775 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The SUNDIAL GROWERS INC. rating is 0.663 USD. The price is up +25.09% over 5 days and has been traded over the last 5 days between 0.484 USD and 0.583 USD. This implies that the 5 day price is +37.10% from its lowest point and +13.76% from its highest point.0.484
0.583
0.663
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SUNDIAL GROWERS INC. in Weekly shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.387 | 0.663 | 0.920 | 1.950 | 2.950 |
| Change (%) | -41.63% | - | +38.76% | +194.12% | +344.95% |
| Change | -0.276 | - | +0.257 | +1.287 | +2.287 |
| Level | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.478 | 0.516 | 0.590 | 0.628 | 0.702 | 0.740 | 0.814 |
| Camarilla | 0.632 | 0.643 | 0.653 | 0.663 | 0.673 | 0.684 | 0.694 |
| Woodie | 0.495 | 0.525 | 0.607 | 0.637 | 0.719 | 0.749 | 0.831 |
| Fibonacci | 0.516 | 0.559 | 0.586 | 0.628 | 0.671 | 0.698 | 0.740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.375 | 0.409 | 0.469 | 0.503 | 0.563 | 0.597 | 0.657 |
| Camarilla | 0.504 | 0.513 | 0.521 | 0.530 | 0.539 | 0.547 | 0.556 |
| Woodie | 0.389 | 0.416 | 0.483 | 0.510 | 0.577 | 0.604 | 0.671 |
| Fibonacci | 0.409 | 0.445 | 0.467 | 0.503 | 0.539 | 0.561 | 0.597 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.109 | 0.257 | 0.368 | 0.516 | 0.627 | 0.775 | 0.886 |
| Camarilla | 0.407 | 0.431 | 0.454 | 0.478 | 0.502 | 0.526 | 0.549 |
| Woodie | 0.090 | 0.248 | 0.349 | 0.507 | 0.608 | 0.766 | 0.867 |
| Fibonacci | 0.257 | 0.356 | 0.417 | 0.516 | 0.615 | 0.676 | 0.775 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.77 | |
| MACD (12,26,9): | -0.0630 | |
| Directional Movement: | 6.980 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 0.542 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.723 | |
| Elder Ray (13): | -0.018 | |
| Super Trend (3,10): | 0.785 | |
| Zig ZAG (10): | 0.651 | |
| VORTEX (21): | 0.8970 | |
| Stochastique (14,3,5): | 25.02 | |
| TEMA (21): | 0.524 | |
| Williams %R (14): | -55.79 | |
| Chande Momentum Oscillator (20): | -0.080 | |
| Repulse (5,40,3): | 31.3840 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.2750 | |
| Courbe Coppock: | 35.25 |
| MA7: | 0.545 | |
| MA20: | 0.509 | |
| MA50: | 0.562 | |
| MA100: | 0.623 | |
| MAexp7: | 0.568 | |
| MAexp20: | 0.625 | |
| MAexp50: | 0.784 | |
| MAexp100: | 1.295 | |
| Price / MA7: | +21.65% | |
| Price / MA20: | +30.26% | |
| Price / MA50: | +17.97% | |
| Price / MA100: | +6.42% | |
| Price / MAexp7: | +16.73% | |
| Price / MAexp20: | +6.08% | |
| Price / MAexp50: | -15.43% | |
| Price / MAexp100: | -48.80% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on SUNDIAL GROWERS INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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