US stock / ETF

Sandisk Corporation

SNDK · NASDAQ · USD

1 monthBearish55%
Monthly Downside probability 55%Bearish

SNDK 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: Dow Theory structure confirms HH/HL

Confirmation Trigger

Recover -- and stabilize above resistance $2,354.4.

Invalidation Trigger

Break above $2,354.4 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 77.9, MACD --

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $287.99 (16.48%)

Monthly

EMA Structure

Range
EMA 8$1,268.7Bullish
EMA 21--Range
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 77.9 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $287.99 · BB --%

High volatility

Strength
Bearish
Volume
MFI 91.2 · OBV --%

Relative to 20-period average volume

Strength
Range
Price Levels
$27.89 - $2,354.4

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+51.17% · 3.1 ATR above latest close

$2,642.4
Nearest resistance

+34.69% · 2.1 ATR above · 18-bar high

$2,354.4
Current price

Price shown is delayed

$1,748
Nearest support

-98.4% · 6.0 ATR below · 18-bar low

$27.89
Deeper support zone

-114.88% · 7.0 ATR below latest close

-$260.11
ATR zone

Latest close ± ATR14

$1,460 - $2,036

Indicators

Trend

Dow Theory Structure

Confirmation $2,354.4, invalidation $517

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$629.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

--%Bullish

Volatility

ATR (14)

High volatility

$287.99 (16.48%)Bearish
Bollinger Bands (20,2)

Width --%

--%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

-- / --Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,460 / $2,036Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,354.4Range
Support

Nearest Downside Decision Level

$27.89Range

Momentum

RSI (14)

Momentum is strong

77.9Bullish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.8 / 89.8Bearish
Williams %R (14)

Neutral zone

-26.2Range
CCI (20)

Balanced zone

--Range
TD Sequential

Exhaustion setup is near completion

sell 12Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

91.2Bullish
OBV slope

20-period OBV slope

--%Bearish
Volume ratio

Relative to 20-period average volume

--xBearish

Trend

Dow Theory Structure

Confirmation $2,354.4, invalidation $517

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$629.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

--%Bullish

Momentum

RSI (14)

Momentum is strong

77.9Bullish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.8 / 89.8Bearish
Williams %R (14)

Neutral zone

-26.2Range
CCI (20)

Balanced zone

--Range
TD Sequential

Exhaustion setup is near completion

sell 12Bearish

Volatility

ATR (14)

High volatility

$287.99 (16.48%)Bearish
Bollinger Bands (20,2)

Width --%

--%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

-- / --Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,460 / $2,036Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

91.2Bullish
OBV slope

20-period OBV slope

--%Bearish
Volume ratio

Relative to 20-period average volume

--xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,354.4Range
Support

Nearest Downside Decision Level

$27.89Range

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