Trulieve Cannabis Corp. (TRUL.CA) Stock Technical Analysis
Canada - CNSX:TRUL -
51.43
-2.82 (-5.2%)
Overall TRUL gets a technical rating of 7 out of 10. 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. We also observe that the gains produced by TRUL over the past year are nicely spread over this period.
TRUL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRUL is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although TRUL has an excellent technical rating, it does not present a decent entry opportunity 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
38.87
65.43
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CNSX:TRUL (4/8/2021, 8:43:28 PM)
51.43
-2.82 (-5.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.2%
1 Week-9.85%
2 Weeks-17.46%
1 Month-16.86%
3 Month0.9%
6 Month83.29%
12 Month279.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.28
ATR(20)%6.31%
ATR Inc-26.79%
Range Today1.65
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.98
Mansfield3.17
10 Day High63.2
10 Day Low50.85
20 Day High66.9
20 Day Low50.85
52 Week High67.45
52 Week Low12.24
CS1 End39.26
CR1 Start64.78
Volume & EV
DER(3)-0.49%
DER(5)-3.52%
Volume629.50K
Volume Incr53.86%
Vol(5)284.12K
Vol(50)217.66K