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
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The stock is experiencing powerful momentum, likely fueled by sector-wide optimism in data storage and memory.
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Recent capital flow data shows a net inflow of $4.5 billion for the day, with significant retail buying activity.
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The massive 19.44% turnover rate indicates extreme interest and high volatility.
Technical Analysis
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Volume was heavy at 28.8M shares (Volume Ratio 1.33), confirming the breakout.
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The MACD histogram surged to 31.09, a sharp bullish acceleration from the previous 20.05.
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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
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Primary Support: $481.10 (Previous key support from Jan 30).
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Strong Resistance/Immediate Pivot: $676.69 (52-Week High). A confirmed break above this level is the next major bullish signal.
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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
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Expect heightened volatility and potential consolidation after the parabolic move.
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The immediate focus is on the $676.69 resistance. A successful breakout could target the $700 psychological level.
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Failure to hold above $650 may lead to a pullback toward the $580-$600 zone, given the extreme overbought RSI.
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