Is SanDisk Ready for a Rebound? Key Signals to Watch

SanDisk closed Friday at $1,214.83, marking a 5 percent decline. The stock is drawing attention because its daily Relative Strength Index has dropped to levels last recorded in April 2025. That previous period was notable because it arrived just before the stock price increased by over 570 percent during the following year.

The upcoming fiscal fourth quarter earnings report on August 5 is now the primary focus for investors. With the stock down 48 percent from its June peak, market participants are looking for signs that the current oversold conditions represent a bottom. If the company provides strong guidance, it could spark a recovery toward the $1,456 level.

Technical analysts are closely watching the $1,244 Fibonacci resistance level. While the stock bounced off support near $942 in July, it failed to break through the $1,244 mark on Friday. Reclaiming this price point after the earnings report is crucial for any sustained upward move.

Investors remain divided on the outlook. While some analysts point to tight NAND supply as a reason for optimism, others worry about a potential inventory glut that could hurt margins later in 2026. This week's earnings and the following Investor Day on August 13 will likely provide the clarity needed to see if the chart pattern signals a true trend reversal or a deeper decline.