US stocks · sell signal under management
SNDL drops 2.7%: sellers hit 90% of volume as price retests the 1.24 double bottom
US stocks · sell signal under management
Our view last week
After last week's sharp rejection at the 1.36-1.43 resistance band, which closed down 4.7%, SNDL keeps sliding but with less force: this week it drops 2.3%, and sellers still dominate the tape, with 73% of volume on the sell side. The weekly RSI slips to a fresh low for the period, while price returns to the double bottom around the 1.3 area. The short, six weeks into management, is now up 9.86%.
This week's summary
SNDL keeps sliding, down 2.7% this week, with sellers controlling 90% of volume, the most extreme reading of the last 4 weeks. The weekly RSI prints a fresh low for the period at 33.8, and cash flow (CMF) sinks deeper into distribution. Yet price is back near the 1.24-1.26 double bottom that already sparked a 7% rebound in June: selling pressure is heavy, but this ground has already shown it can bounce.
IQS Phase
86
in tension / maturity
Signal Strength
32
decline starting to make lower lows
Sizing
REDUCED
Ranking
#87 / 141
US stocks
Trade P&L %
+12.32%
from signal to today
Rank position
ranks 87th among the 141 sell signals for US stocks in our ranking, with a signal strength of 32 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
SNDL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
restricted Platinum content