Sundial Growers Inc. Common Shares
Here’s whether Sundial Growers Inc. Common Shares (SNDL) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 52 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-0.27% over 10 days); 3-month momentum negative (-7.8%); rising volume on a downtrend (distribution, 1.76x avg). Currently 51.2% off its 52-week high. Score: -4/7.
SNDL is trading below its 200-day MA ($1.83) — a key warning sign the longer-term trend is under pressure. An RSI of 52.4 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +0.0% compares to +27.9% for SPY (trailed the market by 27.9%). The current 51.2% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.