Swing trader's Downtrend Protection (TA) AI trading robot generated impressive returns for SNDL in the past week, producing a return of 5.63%.
The robot is designed to use technical analysis to identify market trends and execute trades based on the analysis. The strong performance of the robot highlights the importance of using technical analysis tools in trading.
According to the analysis, SNDL may jump back above the lower band and head towards the middle band. Traders who are bullish on the stock may consider buying the stock or exploring call options. This recommendation is based on the Bollinger Bands, which are used to identify overbought and oversold conditions in a security. In this case, SNDL's price broke its lower Bollinger Band, indicating that the stock may be oversold, and it has a high probability of rebounding in the near term.
The analysis further states that in 26 of the 27 cases where SNDL's price broke its lower Bollinger Band, its price rose further in the following month. This indicates that there is a 90% chance that the stock will continue its upward trend. This is an encouraging sign for traders who are considering a long position in SNDL.
The last earnings report on November 14 showed that SNDL had earnings per share of -40 cents, meeting the estimate of -40 cents. This means that the company's financial performance met the expectations of analysts. SNDL has 311.88K shares outstanding, and its current market capitalization sits at 400.55M.
The earnings report indicates that SNDL is currently not profitable, which may be a concern for some investors. However, the company's revenue has been increasing steadily, which suggests that SNDL is working towards profitability.
Overall, the technical analysis of SNDL suggests that the stock is currently oversold and has a high probability of rebounding in the near term. However, investors should also consider the company's financial performance and long-term growth prospects before making any investment decisions.
Expect a price pull-back in the near future.
SNDL moved below its 50-day moving average on September 19, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNDL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNDL broke above its upper Bollinger Band on September 17, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SNDL entered a downward trend on October 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Momentum Indicator moved above the 0 level on October 16, 2024. You may want to consider a long position or call options on SNDL as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SNDL just turned positive on October 15, 2024. Looking at past instances where SNDL's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNDL advanced for three days, in of 196 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNDL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.578) is normal, around the industry mean (3.922). P/E Ratio (3.536) is within average values for comparable stocks, (28.956). SNDL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.099). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (0.760) is also within normal values, averaging (6.048).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNDL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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