Trulieve Cannabis Corp. (TRUL.CA) Technical Analysis
CNSX:TRUL
Current stock price
TRUL.CA Technical Rating and Analysis
Taking everything into account, TRUL scores 7 out of 10 in our technical rating. In the last year, TRUL was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TRUL has a been trading in the 50.85 - 66.90 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, TRUL did better than 84% of all other stocks. On top of that, TRUL also shows a nice and consistent pattern of rising prices.
- TRUL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRUL is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TRUL.CA Weekly and Daily overview Charts
TRUL.CA Setup Rating and Analysis
Although TRUL has an excellent technical rating, it 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
TRUL.CA Support and Resistance Analysis
38.87
When analyzing the support we notice one important area.
- Support @39.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @64.78 from a horizontal line in the daily time frame.
TRUL.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 TRUL.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRUL.CA is down. |
| ChartMill Relative Strength | 84.98 | POSITIVE | TRUL.CA has a high relative strength, it outperformed 84.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRUL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRUL.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRUL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.36 | NEUTRAL | The RSI value for TRUL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests TRUL.CA has a negative trend. |
| Stochastics (14,3) | 7 | OVERSOLD | The low Stochastics value suggests TRUL.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for TRUL.CA suggests high volalility. |
TRUL.CA Chart- and CandleStick Pattern Analysis
TRUL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:TRUL (4/8/2021, 8:43:28 PM)
51.43
-2.82 (-5.2%)
Trulieve Cannabis Corp. / TRUL.CA TA FAQ
Can you provide the ChartMill technical rating for Trulieve Cannabis Corp.?
ChartMill assigns a technical rating of 6 / 10 to TRUL.CA.
What is the trend direction for TRUL stock?
The current trend direction for Trulieve Cannabis Corp. (TRUL.CA) is Bullish.
What is the RSI signal for Trulieve Cannabis Corp. (TRUL.CA) stock?
Trulieve Cannabis Corp. (TRUL.CA) has an RSI value of 33.362. This indicates that the stock is currently neutral.
What is the MACD signal for Trulieve Cannabis Corp. (TRUL.CA) stock?
The MACD indicator for Trulieve Cannabis Corp. (TRUL.CA) has a value of -0.987038, indicating a bearish trend.
What is the short term momentum for TRUL stock?
The short term momentum for Trulieve Cannabis Corp. (TRUL.CA) is negative.