Robot's Smart Move: SNDL Trade Generates 5.46% Gain
In the realm of AI-driven trading robots, Swing Trader: Deep Trend Analysis (TA) has emerged as a top performer within Tickeron's robot factory. With an impressive weekly return of 5.46% for SNDL (Sundial Growers Inc.), this AI trading robot has caught the attention of investors. Additionally, the recent bullish crossover between the 10-day and 50-day moving averages further strengthens the case for a potential buy signal. In this article, we will delve into the technical analysis and explore the implications of SNDL's recent earnings report.
Analyzing the Bullish Trend: On May 9, 2023, SNDL's 10-day moving average crossed bullishly above its 50-day moving average. This development indicates a shift towards a higher trend, potentially signaling a favorable buying opportunity. Historical data reveals that in 7 out of 8 previous instances where the 10-day moving average crossed above the 50-day moving average, the stock continued to rise over the following month. This suggests an 88% probability of a sustained upward trend in the near future.
Earnings Report and Market Capitalization: The most recent earnings report for SNDL was released on May 15, providing valuable insights into the company's financial performance. The report revealed earnings per share (EPS) of -14 cents, which missed the estimated figure of 0 cents. This underperformance may have contributed to fluctuations in the stock price and could impact investor sentiment. SNDL currently has 353.32K shares outstanding, resulting in a market capitalization of 439.57M.
Implications for Investors: While the bullish trend formation and the Swing Trader AI Robot's successful track record offer an optimistic outlook for SNDL, it is important for investors to consider both technical and fundamental factors before making any investment decisions.
The bullish crossover between the 10-day and 50-day moving averages indicates a potential buying opportunity, but it should be complemented with comprehensive research and analysis of the company's fundamentals. Evaluating SNDL's business model, competitive position, revenue growth, and management strategies can provide a more holistic view of the investment opportunity.
The recent earnings report, with the company falling short of estimated EPS, may raise concerns among investors. It highlights the importance of closely monitoring future earnings reports and analyzing the reasons behind the deviation from expectations. Understanding SNDL's financial health, debt levels, and potential growth drivers will enable investors to make informed decisions based on a comprehensive assessment of the company's fundamentals.
Conclusion: SNDL's performance in Tickeron's robot factory, combined with the bullish trend formation resulting from the crossover of moving averages, offers an encouraging outlook for potential investors. However, it is crucial to conduct thorough research and analysis, considering both technical indicators and fundamental aspects, before making any investment decisions. The recent earnings report serves as a reminder of the need to closely monitor SNDL's financial performance going forward.
Momentum Indicator for SNDL turns negative, indicating new downward trend
SNDL saw its Momentum Indicator move below the 0 level on May 24, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 64 similar instances where the indicator turned negative. In of the 64 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SNDL moved out of overbought territory on May 11, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator moved out of overbought territory. In of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for SNDL turned negative on May 25, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 33 similar instances when the indicator turned negative. In of the 33 cases the stock turned lower in the days that followed. This puts the odds of success at .
SNDL moved below its 50-day moving average on May 25, 2023 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 .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for SNDL crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SNDL advanced for three days, in of 144 cases, the price rose further within the following month. The odds of a continued upward trend are .
SNDL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 49 cases where SNDL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.388) is normal, around the industry mean (41.961). P/E Ratio (3.536) is within average values for comparable stocks, (53.021). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.696). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.544) is also within normal values, averaging (56.075).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SNDL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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.
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SNDL and
Correlation & Price change
A.I.dvisor indicates that over the last year, SNDL has been closely correlated with CGC. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if SNDL jumps, then CGC could also see price increases.
| Ticker / NAME | Correlation To SNDL | 1D Price Change % | ||
|---|---|---|---|---|
| SNDL | 100% | -5.13% | ||
| CGC - SNDL | 77% Closely correlated | -3.08% | ||
| TLRY - SNDL | 76% Closely correlated | -1.61% | ||
| CRON - SNDL | 73% Closely correlated | -1.13% | ||
| OGI - SNDL | 68% Closely correlated | -7.22% | ||
| ACB - SNDL | 65% Loosely correlated | -2.06% | ||
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