Following these proceedings, A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Speculative buy”. BMO Capital Markets also remained covering SNDL and has increased its forecast on May 03, 2022 with a “Market perform” recommendation from previously “an Underperform” rating. Canaccord Genuity revised its rating on March 19, 2021. It rated SNDL as “a Sell” which previously was an “a Hold”.
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Price Performance Review of SNDL
On Tuesday, SNDL Inc [NASDAQ:SNDL] saw its stock jump 6.97% to $2.15. Over the last five days, the stock has gained 9.14%. SNDL Inc shares have risen nearly 31.10% since the year began. Nevertheless, the stocks have risen 48.28% over the past one year. While a 52-week high of $2.93 was reached on 05/14/24, a 52-week low of $1.30 was recorded on 02/13/24. SMA at 50 days reached $2.04, while 200 days put it at $1.92.
Levels Of Support And Resistance For SNDL Stock
The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 1.92. On the upside, there is a resistance level at 2.22. A further resistance level may holdings at 2.30. The Relative Strength Index (RSI) on the 14-day chart is 63.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 86.98% indicates the stock is a selling.
How much short interest is there in SNDL Inc?
A steep rise in short interest was recorded in SNDL Inc stocks on 2024-09-30, dropping by -0.32 million shares to a total of 5.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.11 million shares. There was a decline of -5.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 10, 2021 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating.
