SNDK Gains 6.85% Momentum Builds Toward 676

$SanDisk Corp.(SNDK)$

SanDisk (SNDK) Soars +6.85%: Breaks Resistance on High Volume, $676.69 High in Sight

Latest Close Data

Closed at $576.25 on 2026-02-01, up +6.85% (+$36.95). The stock is just $100.44 (-14.8%) below its 52-week high of $676.69.

Core Market Drivers

Massive intraday volatility (26.64% amplitude) and record-high volume (40.9M shares, 27.93% turnover) indicate intense speculative interest, potentially driven by sector rotation or anticipation of corporate announcements. Significant net capital outflow over the past five days suggests profit-taking amidst the rally.

Technical Analysis

The RSI(6) at 88.85 is deeply in overbought territory, signaling extreme bullish momentum but also high risk of a pullback.
MACD remains bullish with DIF at 71.93 above DEA at 61.90, though the histogram shows potential slowing momentum.
Volume Ratio of 2.33 confirms the breakout was backed by strong buying interest.

Key Price Levels

Primary Support: $481.10 (Recent swing low, crucial for trend integrity).
Strong Resistance: $676.69 (52-week high, key psychological and technical barrier).
Immediate Pivot: $577.10 (Today's breakout level; holding above is bullish).

Valuation Perspective

Forward P/E of 31.11 is significantly above its historical average of 19.22 and the +1 Std.Dev of 26.19, indicating the stock is richly valued based on future earnings expectations. P/S of 9.46 also suggests a premium valuation.

Analyst Targets

21 analysts have an average price target of $552.13, slightly below the current price. Sentiment is bullish with 5 Strong Buy, 10 Buy, and 7 Hold recommendations.

Weekly Outlook

Expect consolidation or a pullback after the sharp run-up, with initial support near $540-$550. A sustained break above $580 could target a retest of the $676 high. Watch for a break below $530 to signal a deeper correction.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.