US stocks · Open buy, week 4
SNDL drops 11.4% and closes below both stop levels from last week's card
Our view last week
SNDL stock posts a second straight weekly gain, up 2.2%: the 1.38 area, first resistance a week ago, now acts as first support, while the 7-day high in the 1.42 area has already pushed price back. On the daily chart buyers hold 60% of the tape and money flow is positive; on the weekly, volumes are contracting. Our system's early-exit warning is still on the table: for swing trading, this is price action trading that calls for discipline.
This week's summary
After 2 straight weekly gains, SNDL stock drops 11.4% on contracting volumes, with money flow negative. Price closed below the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (1.29 area, 1.28 area): for anyone following those levels the trade is closed. The close and the Inversion Point, in the 1.3 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
32
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#37 / 93
US stocks in progress
Trade P&L %
-13.59%
from signal to date, no stop loss
Rank position
ranks 37th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
SNDL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
restricted Platinum content