SanDisk’s Chart Just Repeated Its April 2025 Setup — Days Before Earnings
SanDisk (SNDK) closed Friday at $1,214.83, down 5.09%, whereas its each day Relative Strength Index (RSI) sank to ranges final seen in April 2025. That earlier studying preceded a one-year achieve of greater than 570%.
The reminiscence maker reviews fiscal fourth-quarter outcomes after Wednesday’s shut on August 5. The print could present whether or not the oversold sign marks a backside or solely a pause within the decline.
SanDisk RSI Matches the April 2025 Trough
The each day SanDisk RSI bottomed close to 33 in late July, its weakest studying since April 2025. Readings beneath 30 sign oversold situations, so the inventory now sits on the fringe of that zone.
The comparability issues due to what occurred final time. In April 2025, the indicator dipped beneath 30 simply earlier than SNDK started the advance that lifted it greater than 570% in a yr. The present crash has erased roughly 48% of the inventory’s worth from its June peak of $2,354.39.
However, oversold doesn’t imply completed. RSI stayed depressed for weeks throughout the April 2025 bottoming course of. A restoration above 50 would shift momentum again to impartial, whereas a recent drop beneath 30 would counsel sellers stay in management.
SanDisk Earnings on August 5 Could Decide the Oversold Case
The technical setup meets a elementary catalyst this week. SanDisk guided fiscal This autumn income to $7.75 billion to $8.25 billion, up 30% to 39% from the prior quarter, with adjusted EPS of $30 to $33.
Wall Street consensus sits close to $33.28 per share, in opposition to simply $0.02 a yr earlier. The firm has overwhelmed bottom-line estimates in every of the previous 4 quarters, and Goldman Sachs not too long ago raised its value goal from $1,200 to $2,200 on continued NAND provide tightness.
In distinction, the selloff displays fears of a NAND stock glut within the second half of 2026, which might compress margins. That stress explains why analysts saved elevating targets even because the inventory saved falling by way of July. Guidance for the brand new fiscal yr, plus the Investor Day on August 13, will seemingly settle the argument.
SNDK Price Prediction Depends on the $1,244 Fibonacci Level
The each day value chart frames the battle with a Fibonacci retracement drawn from the $558.58 April 2026 low to the $2,354.39 peak. The late-July bounce began on the 0.786 degree close to $942.89, a zone that additionally acted as help in April.
That bounce stalled exactly on the 0.618 degree of $1,244.58. Friday’s 5.09% drop pushed the shut again beneath it, turning the extent into resistance. Meanwhile, quantity tells a cautionary story. The late-July flush produced the heaviest buying and selling in months, in keeping with capitulation, but quantity has light throughout the restoration try.
A post-earnings reclaim of $1,244 would open the trail to the 0.5 degree at $1,456.49, roughly 20% above Friday’s shut, with the heavier $1,668 resistance zone past it. Therefore, the draw back situation is equally outlined. Rejection right here dangers a retest of $942.89, about 22% decrease.
Strong outcomes and agency steerage above the $1,244 line might make the April 2025 RSI sign repeat itself. A miss would seemingly verify the warning as a substitute, sending SNDK again towards $943.
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