We assign a technical rating of 1 out of 10 to TLRY. TLRY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TLRY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.12, a Stop Loss order could be placed below this zone.
More info and screens
7.37
We found 4 important support areas.
- A support zone ranging from 8.98 to 9.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.13 from a trend line in the weekly time frame.
- Support @7.78 from a trend line in the daily time frame.
- Support @7.44 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 9.73 to 9.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.69 from a trend line in the daily time frame.
- Resistance @15.76 from a trend line in the weekly time frame.
- Resistance @16.72 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TLRY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TLRY is down. |
| ChartMill Relative Strength | 8.16 | NEGATIVE | TLRY has a low relative strength, it was outperformed by 91.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TLRY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TLRY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TLRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.57 | NEUTRAL | The RSI value for TLRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TLRY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.69 | OVERSOLD | The low Stochastics value suggests TLRY may be oversold. |
| Average True Range in percent/ATR (20) | 14.19 | HIGH VOLATILITY | The high ATR as a percentage value for TLRY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for TLRY suggests a possible start of a new trend. |
9.13
+0.14 (+1.56%)
TILRAY BRANDS INC / TLRY FAQ
Can you provide the ChartMill technical rating for TILRAY BRANDS INC?
ChartMill assigns a technical rating of 1 / 10 to TLRY.
What is the trend direction for TLRY stock?
The current trend direction for TILRAY BRANDS INC (TLRY) is Bearish.
What is the RSI signal for TILRAY BRANDS INC (TLRY) stock?
TILRAY BRANDS INC (TLRY) has an RSI value of 44.5692. This indicates that the stock is currently neutral.
What is the buy/sell signal for TILRAY BRANDS INC (TLRY) stock?
The buy/sell signal for TILRAY BRANDS INC (TLRY) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TLRY stock?
TILRAY BRANDS INC (TLRY) has a support level at 9.12 and a resistance level at 9.73. Check the full technical report for our detailed analysis of TLRY support and resistance levels.