Sell signal, week 13
SNDL slips 1.1% after last week's jump: the decline loses conviction
Our view last week
SNDL closes the week with an 8.7% jump, the sharpest in a month, driven by buyers making up 82% of volume and a MACD that just crossed back above its signal line. The daily bounce comes off a clean touch of the 20-day moving average, in the 1.2 area. Money flow stays negative for an 18th straight week, though: the decline, running for 11 weeks, still lacks confirmation from the flows.
This week's summary
SNDL's sell signal has been under management for 13 weeks, with the short sitting at +4.58%. After last week's 8.7% jump, the stock slips 1.1% this week as sellers retake control, making up 56% of volume. Money flow has stayed negative for 19 straight weeks and the trend keeps losing conviction — this technical analysis of SNDL stock points to a decline that's still alive but without much force behind it.
IQS Phase
54
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#95 / 96
US stocks
Trade P&L %
+4.58%
from signal to date, no stop loss
Rank position
ranks 95th among the 96 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly -0.69% · monthly +5.02%
SNDL belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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