Green Thumb Industries Inc. (GTII.CA) Technical Analysis
CNSX:GTII
Current stock price
GTII.CA Technical Rating and Analysis
Overall GTII gets a technical rating of 6 out of 10. In the last year, GTII was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- 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. On top of that, GTII also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- GTII is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GTII is lagging the market.
- Considerably lower volume is observed in the last couple of days.
GTII.CA Weekly and Daily overview Charts
GTII.CA Setup Rating and Analysis
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
GTII.CA Support and Resistance Analysis
26.83
3 important support areas can be observed.
- 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.
We can see 2 important resistance 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.
GTII.CA Technical Indicator Signal Analysis
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. |
GTII.CA Chart- and CandleStick Pattern Analysis
GTII.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:GTII (4/8/2021, 8:17:30 PM)
33.9
-0.56 (-1.63%)
Green Thumb Industries Inc. / GTII.CA TA FAQ
What is the ChartMill technical rating of Green Thumb Industries Inc. (GTII.CA) stock?
ChartMill assigns a technical rating of 5 / 10 to GTII.CA.
Can you provide the trend direction for Green Thumb Industries Inc.?
The current trend direction for Green Thumb Industries Inc. (GTII.CA) is Bullish.
Can you provide the RSI signal for Green Thumb Industries Inc.?
Green Thumb Industries Inc. (GTII.CA) has an RSI value of 36.9782. This indicates that the stock is currently neutral.
What is the short term momentum for GTII stock?
The short term momentum for Green Thumb Industries Inc. (GTII.CA) is negative.
Can you provide the buy/sell signal for Green Thumb Industries Inc.?
The buy/sell signal for Green Thumb Industries Inc. (GTII.CA) is hold as the short term and long term trends are mixed.