TILRAY BRANDS INC (TLRY) Technical Analysis
NASDAQ:TLRY • US88688T2096
Overall TLRY gets a technical rating of 1 out of 10. TLRY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- TLRY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- TLRY has an average volume of 5017640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, TLRY outperforms 45% of them, which is more or less in line with the market.
- TLRY is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, TLRY did better than 53% of them.
- In the last month TLRY has a been trading in the 6.96 - 8.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
TLRY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 7.29, a Stop Loss order could be placed below this zone.
More info and screens
6.97
We found 2 important support areas.
- A support zone ranging from 7.24 to 7.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.04 to 7.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @7.44 from a trend line in the daily time frame.
- A resistance zone ranging from 7.63 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.88 to 8.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 45.2 | NEUTRAL | TLRY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TLRY is below a declining 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 | MIXED | The current price of TLRY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.27 | NEUTRAL | The RSI value for TLRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TLRY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.38 | OVERSOLD | The low Stochastics value suggests TLRY may be oversold. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for TLRY suggests high volalility. |
| Average Directional Index/ADX (14) | 8.74 | NEGATIVE | The low ADX value for TLRY suggests a weak or negative trend. |
TLRY Technicals: Chart, Performance Metrics, Trend & Indicators
7.3
-0.06 (-0.82%)
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 39.2678. 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 7.29 and a resistance level at 7.44. Check the full technical report for our detailed analysis of TLRY support and resistance levels.