TILRAY BRANDS INC. - Weekly - Technical analysis published on 12/04/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 5.33 USD
My targets
4.38 USD (-4.43%)
3.93 USD (-14.13%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on TILRAY BRANDS INC. CLASS 2. As long as you are under the resistance located at 5.33 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.38 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3.93 USD as an objective. Crossing it would then enable sellers to target 3.43 USD. If the resistance 5.33 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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This analysis was given by Martin Hanel. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TILRAY BRANDS INC. CLASS 2 rating 4.58 USD. The price is up +18.96% over 5 days and was traded between 3.66 USD and 4.72 USD over the period. The price is currently at +25.14% from its lowest point and -2.97% from its highest point.3.66
4.72
4.58
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TILRAY BRANDS INC. CLASS 2 in Weekly shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.52 | 4.58 | 34.66 | 50.45 | 63.91 |
| Change (%) | -1.31% | - | +656.77% | +1,001.53% | +1,295.41% |
| Change | -0.06 | - | +30.08 | +45.87 | +59.33 |
| Level | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.44 | 3.73 | 4.15 | 4.44 | 4.86 | 5.15 | 5.57 |
| Camarilla | 4.39 | 4.45 | 4.52 | 4.58 | 4.65 | 4.71 | 4.78 |
| Woodie | 3.52 | 3.76 | 4.23 | 4.47 | 4.94 | 5.18 | 5.65 |
| Fibonacci | 3.73 | 4.00 | 4.17 | 4.44 | 4.71 | 4.88 | 5.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.38 | 3.48 | 3.67 | 3.77 | 3.96 | 4.06 | 4.25 |
| Camarilla | 3.77 | 3.80 | 3.82 | 3.85 | 3.88 | 3.90 | 3.93 |
| Woodie | 3.42 | 3.50 | 3.71 | 3.79 | 4.00 | 4.08 | 4.29 |
| Fibonacci | 3.48 | 3.59 | 3.66 | 3.77 | 3.88 | 3.95 | 4.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.48 | 2.98 | 3.43 | 3.93 | 4.38 | 4.88 | 5.33 |
| Camarilla | 3.61 | 3.70 | 3.78 | 3.87 | 3.96 | 4.04 | 4.13 |
| Woodie | 2.45 | 2.97 | 3.40 | 3.92 | 4.35 | 4.87 | 5.30 |
| Fibonacci | 2.98 | 3.35 | 3.57 | 3.93 | 4.30 | 4.52 | 4.88 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.04 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | 14.40 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.94 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 4.79 | |
| Zig ZAG (10): | 4.58 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 74.99 | |
| TEMA (21): | 4.01 | |
| Williams %R (14): | -6.76 | |
| Chande Momentum Oscillator (20): | 1.18 | |
| Repulse (5,40,3): | 22.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.6000 | |
| Courbe Coppock: | 14.74 |
| MA7: | 3.95 | |
| MA20: | 3.92 | |
| MA50: | 3.52 | |
| MA100: | 3.57 | |
| MAexp7: | 3.94 | |
| MAexp20: | 3.83 | |
| MAexp50: | 5.39 | |
| MAexp100: | 10.22 | |
| Price / MA7: | +15.95% | |
| Price / MA20: | +16.84% | |
| Price / MA50: | +30.11% | |
| Price / MA100: | +28.29% | |
| Price / MAexp7: | +16.24% | |
| Price / MAexp20: | +19.58% | |
| Price / MAexp50: | -15.03% | |
| Price / MAexp100: | -55.19% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on TILRAY BRANDS INC. CLASS 2. At the time of publication of this analysis, the latest news was as follows:
- Tilray Launches ‘Take Back Control’ Platform to Provide Women With Free Medical Cannabis Resources
- ‘Potently Canadian' Cannabis Brand, CANACA, Launches New Products and #FeelTheBoost Campaign
- Tilray Brands Acquires Montauk Brewing Company
- Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Tilray Stockholders Vote “FOR” Tilray’s Proposal to Protect Stockholders and Promote Accountability
- Tilray Brands and Charlotte’s Web Announce Strategic Alliance in Canada
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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