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Key Stats
Beta 1.69
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ]
RSI14 is 64 and the stock is currently not being overbought or oversold

Sundial Growers Inc. stock downgraded to Sell Candidate (Updated on June 11, 2021)


Sell candidate since 2021-06-11

The Sundial Growers Inc. stock price gained 1.94% on the last trading day (Friday, 11th Jun 2021), rising from $1.03 to $1.05. During the day the stock fluctuated 3.85% from a day low at $1.04 to a day high of $1.08. The price has risen in 6 of the last 10 days and is up by 24.26% over the past 2 weeks. Volume fell on the last day by -106 million shares and in total, 80 million shares were bought and sold for approximately $84.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.95% during the next 3 months and, with a 90% probability hold a price between $0.42 and $0.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Sundial Growers Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.13. On a fall, the stock will find some support from the long-term average at approximately $0.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 03, 2021, and so far it has fallen -18.60%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Sundial Growers Inc. finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0400 between high and low, or 3.85%. For the last week, the stock has had a daily average volatility of 9.20%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Sundial Growers Inc. stock A Buy?

Sundial Growers Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell Candidate candidate.

Current score: -1.174

Predicted Opening Price for Sundial Growers Inc. of Monday, June 14, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price June 14, 2021 Current price
$1.06 $1.05 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

The last rating was given by Canaccord Genuity on March 19, 2021. The price target was changed from $0.40 to $0.65. Over the last 30 days, this security got 0 buy, 0 sell, and 1 hold ratings.

Volatility
9.20 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.13
Price: $1.05
Support: $1.00

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.10 4.44 %
1.08 2.99 %
1.07 2.09 %
Current price: 1.05
Support 1.04 -0.82 %
1.03 -1.72 %
1.02 -3.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.29 22.86 %
1.16 10.48 %
1.13 7.62 %
Current price 1.05
Support 1.00 -4.76%
0.97 -7.62%
0.86 -18.35%

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