Sonida Senior Living Inc

The asset is in a Stage 4 downtrend, with a bearish pivot point confirming failure of upside control. Medium-term bias remains bearish as the 9EMA and 20EMA sit below the 50-SMA. Short-term conditions favor selling now into the 9/20 EMA band. The primary risk is a break and hold above the 50-SMA, which would invalidate the bearish bias.

• ↑C&L Healthcare deal expands portfolio to 96 communities via $1.8B acquisition
• ↑Net Operating Income rose 22% YoY; same-store NOI up 19.3%
• ↓Elevated debt levels post-acquisition; leverage score 1.09 despite $405M revolver upsizing