SNDK Soars 15%, $4.5B Inflows Fuel Rally, RSI Hits 93

$SanDisk Corp.(SNDK)$

SanDisk (SNDK) Soared +15.44%: Flash Memory Leader Powers to 52-Week High, Momentum Peaking

Latest Close Data

Closed at $665.24 on Feb 2, 2026, up +15.44% (+$88.99). Just $11.45 below its 52-week high of $676.69.

Core Market Drivers

The stock is experiencing powerful momentum, likely fueled by sector-wide optimism in data storage and memory.
Recent capital flow data shows a net inflow of $4.5 billion for the day, with significant retail buying activity.
The massive 19.44% turnover rate indicates extreme interest and high volatility.

Technical Analysis

Volume was heavy at 28.8M shares (Volume Ratio 1.33), confirming the breakout.
The MACD histogram surged to 31.09, a sharp bullish acceleration from the previous 20.05.
The RSI-6 reading of 93.72 is deeply in overbought territory, signaling extreme short-term buying pressure and high risk of a pullback.

Key Price Levels

Primary Support: $481.10 (Previous key support from Jan 30).
Strong Resistance/Immediate Pivot: $676.69 (52-Week High). A confirmed break above this level is the next major bullish signal.
Intraday Support: $584.10 (Today's low).

Valuation Perspective

The stock trades at a forward P/E of 31.11, significantly above its historical average of 19.22 and +1 standard deviation of 26.19, indicating a premium valuation based on future growth expectations.

The TTM P/E is negative (-89.06) due to recent earnings, while the P/S ratio is 11.03.

Analyst Targets

21 analysts cover the stock with an average price target of $613.52. Sentiment is bullish with 5 Strong Buy, 11 Buy, and 6 Hold recommendations. The current price has surpassed the average target.

Weekly Outlook

Expect heightened volatility and potential consolidation after the parabolic move.
The immediate focus is on the $676.69 resistance. A successful breakout could target the $700 psychological level.
Failure to hold above $650 may lead to a pullback toward the $580-$600 zone, given the extreme overbought RSI.

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.