- Sandisk (SNDK), recently spun off from Western Digital (WDC), shows exceptional technical momentum and strong price appreciation since February 2025.
- SNDK hit a new all-time high on Sept. 22.
- Shares are up 120.95% in the past three months.
- Due to its short standalone history and volatility, SNDK is a speculative, technical play suitable only for traders using strict risk management.
Author’s Note: Please note that the jury is still out on Sandisk because it is a spinoff that has not been standing alone for a full year since it was spun off from Western Digital in February 2025.
Today’s Featured Stock
Valued at $14.9 billion, Sandisk (SNDK) is a flash and advanced memory technology innovator.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SNDK checks those boxes. Since the Trend Seeker signaled a buy on Aug. 13, the stock gained 118.93%.
SNDK Price vs. Daily Moving Averages:
Barchart Technical Indicators for Sandisk
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Sandisk hit a new all-time high (since its spinoff in February) of $108.80 in intraday trading on Sept. 22.
- Sandisk has a Weighted Alpha of +251.96.
- The stock gained 90.73% over the past 6 months.
- SNDK has its Trend Seeker “Buy” signal intact.
- Sandisk is trading above its 20-, 50-, and 100-day moving averages.
- The stock made 19 new highs and gained 121.95% in the last month.
- Relative Strength Index (RSI) is at 94.84.
- There’s a technical support level around $100.07.
Don’t Forget the Fundamentals
- $14.9 billion market capitalization.
- Revenue is projected to grow 19.95% this year and another 10.71% next year.
- Earnings are estimated to increase 100.11% this year and an additional 46.98% next year
Analyst and Investor Sentiment on Sandisk
I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping stock, it’s hard to make money swimming against the tide.
It looks like Wall Street analysts are beginning to notice Sandisk.
- The Wall Street analysts tracked by Barchart have issued 11 “Strong Buy,” 6 “Hold” and 1 “Sell” opinion on the stock.
- Their price targets are between $39-$120. Extremely wide range!
- Value Line and CFRA’s MarketScope Advisor do not cover Sandisk yet.
- Morningstar thinks the stock is 155% overvalued.
- Only 2 investors are following the stock on Motley Fool and they both think the stock will beat the market.
- 1,490 investors monitor the stock on Seeking Alpha, which does not rate the stock.
The Bottom Line on Sandisk
Since this stock has only been standing on its own for 7 months since it was spun off from Western Digital in February, it really doesn’t have dependable financials to analyze. This is a total technical play and is only for traders to consider. Long-term investors should consider only a small position, if any!
I caution that SNDK is volatile and even speculative in the current environment, which means investors should use strict risk management and stop-loss strategies.
Today’s Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here.
Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
