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Sundial

Dialling in to Sundial Growers (SNDL)In the past three years, Sundial Growers Inc.'s stock price has experienced a decline. While this may deter some investors, it presents an opportunity for those with a long-term investment horizon and a high risk tolerance. Sundial Growers Inc. currently has a cash ratio of 1.81, indicating its ability to cover short-term obligations exclusively with cash and cash equivalents. This liquidity measure is a positive sign for the company's financial health. Furthermore, Sundial Growers Inc.'s price-to-earnings (P/E) ratio is currently -3.65. This low ratio suggests that the stock may be undervalued and presents an opportunity for investors to buy at a lower price. Market analysts estimate Sundial Growers Inc.'s fair value to be 0.36 at the moment. This indicates that the stock may have significant upside potential. Considering these factors, the trading idea is to buy Sundial Growers Inc. stock. The long-term moderate risk strategy focuses on companies with a low P/E ratio, low price-to-operating cash flows ratio, low price fair value, and a high cash ratio. With its current cash ratio, low P/E ratio, and potential for growth, Sundial Growers Inc. presents an attractive investment opportunity for those willing to take a long-term view and tolerate higher risk. Technical Outlook Sundial Growers (SNDL) bulls are eyeing a key resistance level at $1.60 as the next milestone if they can maintain their dominance. The stock is quickly approaching this level, with only 7 cents to go. A breakthrough could lead to further gains in the short run. In the latest session, Sundial Growers continued its 5-day uptrend by gaining 6.25%. Yesterday, the stock spiked higher to highs around 1.53 before market bears pushed the price back down towards 1.45. By the end of the session, it settled at $1.53. Sundial Growers has been trending downward for the last month. It currently has a market cap of $398.56 million. Yesterday's trading volume of 1.87 million shares was 84% lower than average. Key insights: Sundial Growers is just 7 cents away from a key resistance level at $1.60. Pushing above this level could enable the stock to gain more ground in the short-term. Sundial Growers made an initial breakout above its 21-day Simple Moving Average at $1.52, indicating potential for a new bullish phase. The stock is currently rated as "Neutral" by technical analysts.
NASDAQ:SNDLLong
by NomolosAI
Another short on Sundial. SNDLLast time we had a laugh with the deniers and the haters. But guess what! She's going to dive again. Don't hate the player, hate the game. Goals 1.13, 0.97. Invalidation at 1.83 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NASDAQ:SNDLShort
by Rykin_Capital
3
SNDL 180-Day Extension by Nasdaq to Regain ComplianceSNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement. SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner. Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date. But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1. The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance. Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
NASDAQ:SNDLLong
by TopgOptions
2
Sundial: Time to Short?Sundial Growers - Short Term - We look to Sell at 0.5245 (stop at 0.5700) Previous support level of 0.5400 broken. The trend of lower highs is located at 0.6660. Previous support, now becomes resistance at 0.5400. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.5400, resulting in improved risk/reward. Our profit targets will be 0.3197 and 0.2890 Resistance: 0.5400 / 0.6000 / 0.6800 Support: 0.4300 / 0.4000 / 0.3000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:SNDLShort
by Saxo
2
Sundial Growers sinking further. SNDLWe broke the floor with the latest candlestick. This means we are going even lower. I am taking Wave C of the latest zigzag to estimate how low, while taking conservative estimates. Anyway, picture overall for a bearish outlook here. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:SNDLShort
by Rykin_Capital
16
SNDL Sundial Price TargetsIf you haven `t bough the stock here, at 0.57usd: then you should know that Malta became the first European Union member to legalize recreational use and growth of marijuana. Democrats overwhelmingly support legalization for both medicinal and recreational purposes of marijuana. If the U.S. market open up, it could be a boon for SNDL stock. My price targets for SNDL are 0.93 for January an 1.25 for February 2022. Looking forward to read your opinion about it.
NASDAQ:SNDLLong
by TopgOptions
1
#SNDL Just a matter of TIME ⏱️ before jumping higher🔥 Keep calmHi All, my main 3 take-outs from this analysis are the following: 1- 0.59$ level confirms to be a strong support and the price is reacting well from there just now. 2- Moreover, this support level represents to me the neckline of a reversal head & shoulder, which has been broken on Dec 17th with huge volumes at the opening. And it looks like the price is trying a pullback just at the neckline. 3- The target f this technical pattern should be at around 0.65$ and I strongly believe that it might reach this level soon, confirming the completion of another pattern, which would be a double bottom (with the two bottoms being the one of Dec 6th and Dec 15th Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:SNDLLong
by FrancescoMerlettini
4
#TLRY Price rebouncing from falling wedge support Hi All, my main 3 take-outs from this analysis are the following: 1- In the 4H timeframe the price found support at around 9$, which is also an area where the historical red trendline and the lower side of the big falling wedge crossed (light blue box!) 2- Inside the bigger falling wedge there is a smaller falling wedge which has been broken on the upside. There might possibly be a pullback on the downside, but I think that it is possible an upward movement of at least 25%, which is the target of the small falling wedge, at around 11.3$ 3- If we are able to reach the 11.3$, at that point, by the end of January we might be seeing the price trying to breakout the bigger falling wedge with a big up move, which should support the price staying above the red trendline and continue is uptrend outside the big falling wedge Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:TLRYLong
by FrancescoMerlettini
#SNDL - 0.6$ might be the next and final support.Hi All, my main 3 take-outs from this analysis are the following: 1- Historical movements might be repeating themselves. Look at the three blue elyptical shapes and movements.. 2- 0.6$ might be the next support from where the price might be rebouncing 3- AFter the rebounce the price might have a spike as done three times previously in the past Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:SNDLLong
by FrancescoMerlettini
#SNDL - The story might be repeating again...Hi All, my main 3 take-outs from this analysis are the following: 1- Price is moving as per historical recent moves 2- Price is still within the falling wedge and should see a breakout (hopefully upwards) prior getting to the apex. But it might take still some time 3- By tday and tomorrow we might possibly see a rebounce from the 0.66-0.65$ levels, as also shown in the past. Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NASDAQ:SNDLLong
by FrancescoMerlettini
SNDL Repurchase Program Sundial announced last week a share repurchase program! Program will commence on November 19, 2021 and expire on November 19, 2022. Sundial Growers can purchase a maximum of 102.8 million shares, representing approximately 5% of the company's issued and outstanding shares. Last month, Sundial announced the purchase of retail company Alcanna, which operates 171 liquor stores in Canada! Average Volume: 99,022,325 Yesterday`s Volume: 360,765,136 My short term price target is the 1.6usd resistance. Long term, SNDL can go to $4. Looking forward to read your opinion about it.
NASDAQ:SNDLLong
by TopgOptions
10