TILRAY BRANDS INC (TLRY) Stock Technical Analysis
USA - NASDAQ:TLRY - US88688T1007 - Common Stock
Taking everything into account, TLRY scores 4 out of 10 in our technical rating. In the last year, TLRY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
TLRY has an average technical rating and also the quality of the setup is only medium 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
1.19
We found 2 important support areas.
- A support zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.32 from a horizontal line in the daily time frame.
- Resistance @1.66 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 | UP | POSITIVE | The long term trend for TLRY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TLRY is down. |
| ChartMill Relative Strength | 57.75 | 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) | UP | MIXED | The current price of TLRY is below the rising 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) | 41.4 | NEUTRAL | The RSI value for TLRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TLRY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.98 | NEUTRAL | The Stochastics value for TLRY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for TLRY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for TLRY suggests a weak or negative trend. |
1.23
-0.06 (-4.65%)
TILRAY BRANDS INC / TLRY FAQ
Can you provide the ChartMill technical rating for TILRAY BRANDS INC?
ChartMill assigns a technical rating of 4 / 10 to TLRY.
What is the current trend direction of TILRAY BRANDS INC (TLRY) stock?
The current trend direction for TILRAY BRANDS INC (TLRY) is Bullish.
What is the RSI signal for TILRAY BRANDS INC (TLRY) stock?
TILRAY BRANDS INC (TLRY) has an RSI value of 41.4025. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TILRAY BRANDS INC?
The short term momentum for TILRAY BRANDS INC (TLRY) is negative.
Can you provide the support and resistance levels for TILRAY BRANDS INC?
TILRAY BRANDS INC (TLRY) has a support level at 1.23 and a resistance level at 1.32. Check the full technical report for our detailed analysis of TLRY support and resistance levels.