Green Thumb Industries Inc. (GTII.CA) Stock Technical Analysis
CNSX:GTII - Canadian Securities Exchange -
Taking everything into account, GTII scores 6 out of 10 in our technical rating. GTII was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month GTII has a been trading in the 31.00 - 46.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, GTII did better than 86% of all other stocks. We also observe that the gains produced by GTII over the past year are nicely spread over this period.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
GTII is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GTII is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
GTII has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.83
45.28
We found 3 important support areas.
- Support @33.07 from a trend line in the daily time frame.
- A support zone ranging from 32.06 to 32.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.08 to 41.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @44.83 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GTII.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GTII.CA is down. |
| ChartMill Relative Strength | 86.77 | POSITIVE | GTII.CA has a high relative strength, it outperformed 86.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTII.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GTII.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTII.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.98 | NEUTRAL | The RSI value for GTII.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests GTII.CA has a negative trend. |
| Stochastics (14,3) | 26.1 | NEUTRAL | The Stochastics value for GTII.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for GTII.CA suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CNSX:GTII (4/8/2021, 8:17:30 PM)
33.9
-0.56 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.63%
1 Week-6.84%
2 Weeks-12.11%
1 Month-17.34%
3 Month-2.31%
6 Month68.41%
12 Month321.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.98
ATR(20)%8.34%
ATR Inc-44.81%
Range Today1.29
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.77
Mansfield2.11
10 Day High39.68
10 Day Low31
20 Day High46.42
20 Day Low31
52 Week High49.66
52 Week Low7.59
CS1 End33.07
CR1 Start41.08
Volume & EV
DER(3)-8.77%
DER(5)-5.18%
Volume181.00K
Volume Incr-48.75%
Vol(5)289.18K
Vol(50)511.35K