SNDL records a 3.64% increase supported by the trader robot's strategies.
The "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot, which achieved a remarkable +3.64% gain while trading SNDL over the previous week. In this article, we will delve into the earnings results and analyze the performance of the Beverages: Alcoholic Industry, shedding light on notable market trends and price movements.
Market Cap Insights: The Beverages:
Alcoholic Industry showcases a diverse range of market capitalizations, with an average of 18.38 billion dollars. Within this industry group, the valuation of companies varies significantly, ranging from 2.66 thousand dollars to a staggering 19.33 trillion dollars. PBGDF currently holds the highest market cap in this group, standing at 19.33 trillion dollars. On the other end of the spectrum, WBEVQ is the lowest-valued company, with a market cap of 2.66 thousand dollars.
High and Low Price Notable News:
Examining the price movements in the Beverages: Alcoholic Industry, we observe interesting trends. Over the course of a week, the average weekly price growth across all stocks in this industry was -1%. Looking at a monthly timeframe, the average price growth increased to 1%. However, on a quarterly basis, the industry experienced a decline with an average price growth of -3%. Notably, ROYUF emerged as the top performer with a remarkable price growth of 30%, while VINE faced the most significant fall at -32%.
Volume Analysis:
Analyzing the trading volume within the Beverages: Alcoholic Industry, we uncover intriguing insights. Weekly volume growth across all stocks in this industry demonstrated a notable decline, averaging at -75%. However, on a monthly basis, the average volume growth rebounded slightly, showing an increase of 5%. On a broader quarterly perspective, the average volume growth declined by -34%.
Earnings Report and Market Capitalization:
The most recent earnings report, released on May 15, revealed that the company behind SNDL reported earnings per share of -14 cents, missing the estimate of 0 cents. With 4.11 million shares outstanding, the current market capitalization of SNDL stands at 382.58 million dollars.
Summary:
The utilization of AI trading bots, exemplified by the success of the "Swing trader: Top High-Volatility Stocks v.2 (TA)" bot, has proven to be a lucrative strategy in the ever-evolving world of trading. While analyzing the Beverages: Alcoholic Industry, we observed varying market capitalizations, with PBGDF holding the highest valuation and WBEVQ being the lowest valued company. The industry's price movements displayed mixed results, with ROYUF experiencing notable growth and VINE facing a significant decline. Additionally, trading volumes exhibited a decline on a weekly and quarterly basis, but showed a slight recovery on a monthly level.
SNDL's RSI Indicator leaves overbought zone
The 10-day RSI Indicator for SNDL moved out of overbought territory on September 14, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 instances where the indicator moved out of the overbought zone. In of the 17 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SNDL as a result. In of 69 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SNDL turned negative on September 20, 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 35 similar instances when the indicator turned negative. In of the 35 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 11, 2023. 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.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNDL advanced for three days, in of 161 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 63 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 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 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: SNDL's P/B Ratio (0.518) is slightly lower than the industry average of (2.749). P/E Ratio (3.536) is within average values for comparable stocks, (40.512). SNDL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.148). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (0.702) is also within normal values, averaging (5.196).
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 83, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a producer, distributer, and seller of cannabis
Industry BeveragesAlcoholic
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RYGRX | 62.16 | 0.47 | +0.76% |
| Rydex S&P 500 Pure Growth C | |||
| DUSQX | 24.96 | 0.11 | +0.44% |
| DFA US Large Cap Equity Institutional | |||
| TILVX | 22.33 | N/A | N/A |
| TIAA-CREF Large-Cap Value Idx Inst | |||
| KGIIX | 14.72 | N/A | N/A |
| Kopernik International I | |||
| PJRQX | 6.73 | -0.01 | -0.15% |
| PGIM Quant Solutions International Eq R6 | |||
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% | +7.77% | ||
| CGC - SNDL | 77% Closely correlated | +12.26% | ||
| TLRY - SNDL | 76% Closely correlated | +7.08% | ||
| CRON - SNDL | 73% Closely correlated | +4.81% | ||
| OGI - SNDL | 68% Closely correlated | -1.33% | ||
| ACB - SNDL | 65% Loosely correlated | -1.12% | ||
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