TILRAY BRANDS INC. - Daily - Technical analysis published on 04/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.21 USD
My targets
5.34 USD (-18.22%)
5.23 USD (-19.91%)
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 7.21 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.34 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 5.23 USD as an objective. If the resistance 7.21 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 sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TILRAY BRANDS INC. CLASS 2 rating is 6.53 USD. The price has increased by +0.77% since the last closing with the lowest point at 6.26 USD and the highest point at 6.60 USD. The deviation from the price is +4.31% for the low point and -1.06% for the high point.6.26
6.60
6.53
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of TILRAY BRANDS INC. CLASS 2 indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.23 | 6.53 | 7.24 | 10.08 | 13.36 |
| Change (%) | -19.91% | - | +10.87% | +54.36% | +104.59% |
| Change | -1.30 | - | +0.71 | +3.55 | +6.83 |
| Level | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.49 | 5.95 | 6.21 | 6.67 | 6.93 | 7.39 | 7.65 |
| Camarilla | 6.28 | 6.35 | 6.41 | 6.48 | 6.55 | 6.61 | 6.68 |
| Woodie | 5.40 | 5.90 | 6.12 | 6.62 | 6.84 | 7.34 | 7.56 |
| Fibonacci | 5.95 | 6.22 | 6.39 | 6.67 | 6.94 | 7.11 | 7.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.11 | 6.23 | 6.85 | 7.97 | 8.59 | 9.71 | 10.33 |
| Camarilla | 7.00 | 7.16 | 7.32 | 7.48 | 7.64 | 7.80 | 7.96 |
| Woodie | 4.87 | 6.11 | 6.61 | 7.85 | 8.35 | 9.59 | 10.09 |
| Fibonacci | 6.23 | 6.89 | 7.30 | 7.97 | 8.63 | 9.04 | 9.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.04 | 2.91 | 5.34 | 7.21 | 9.64 | 11.51 | 13.94 |
| Camarilla | 6.59 | 6.98 | 7.38 | 7.77 | 8.16 | 8.56 | 8.95 |
| Woodie | 1.32 | 3.05 | 5.62 | 7.35 | 9.92 | 11.65 | 14.22 |
| Fibonacci | 2.91 | 4.55 | 5.57 | 7.21 | 8.85 | 9.87 | 11.51 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.88 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 6.49 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 7.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.72 | |
| Elder Ray (13): | -0.54 | |
| Super Trend (3,10): | 6.37 | |
| Zig ZAG (10): | 6.54 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 38.95 | |
| TEMA (21): | 7.41 | |
| Williams %R (14): | -67.02 | |
| Chande Momentum Oscillator (20): | 0.82 | |
| Repulse (5,40,3): | -12.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.8700 | |
| Courbe Coppock: | 62.20 |
| MA7: | 7.14 | |
| MA20: | 6.64 | |
| MA50: | 6.30 | |
| MA100: | 7.22 | |
| MAexp7: | 6.99 | |
| MAexp20: | 6.81 | |
| MAexp50: | 6.68 | |
| MAexp100: | 7.58 | |
| Price / MA7: | -8.54% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | +3.65% | |
| Price / MA100: | -9.56% | |
| Price / MAexp7: | -6.58% | |
| Price / MAexp20: | -4.11% | |
| Price / MAexp50: | -2.25% | |
| Price / MAexp100: | -13.85% |
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 Brands, Inc. Reports Third Quarter Fiscal Year 2022 Financial Results
- Manitoba Harvest Enters Exclusive Partnership with Whole Foods Market
- Tilray Brands to Announce Third Quarter Fiscal 2022 Financial Results on April 6, 2022
- Solei Brand Launches New Wellness Product For Nighttime Use
- Tilray Medical Expands Offering in Malta and Launches First Medical Cannabis Oil Products in Market
This member declared not having a position on this financial instrument or a related financial instrument.
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