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Trulieve Cannabis Corp. (TRUL.CA) Stock Technical Analysis

Canada - Canadian Securities Exchange - CNSX:TRUL -

51.43
-2.82 (-5.2%)
Last: 4/8/2021, 8:43:28 PM
Technical Rating and Analysis

7

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.
When comparing the yearly performance of all stocks, we notice that TRUL is one of the better performing stocks in the market, outperforming 84% of all 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 however is currently trading near a new high, so TRUL is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

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Weekly and Daily overview Charts
Trulieve Cannabis Corp. / TRUL Weekly stock chart
Trulieve Cannabis Corp. / TRUL Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

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.

We found 1 important resistance area.

  • Resistance @64.78 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for TRUL.CA is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for TRUL.CA is down.
ChartMill Relative Strength84.98POSITIVETRUL.CA has a high relative strength, it outperformed 84.98% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of TRUL.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of TRUL.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of TRUL.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)33.36NEUTRALThe RSI value for TRUL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.99NEGATIVEThe MACD value suggests TRUL.CA has a negative trend.
Stochastics (14,3)7OVERSOLDThe low Stochastics value suggests TRUL.CA may be oversold.
Average True Range in percent/ATR (20)6.31HIGH VOLATILITYThe high ATR as a percentage value for TRUL.CA suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Trulieve Cannabis Corp. / TRUL Daily stock chart

Trulieve Cannabis Corp.

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
3 months CRSN/A
6 months CRSN/A
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

Trulieve Cannabis Corp. / TRUL.CA FAQ

Can you provide the ChartMill technical rating for Trulieve Cannabis Corp.?

ChartMill assigns a technical rating of 6 / 10 to TRUL.CA.


Can you provide the trend direction for Trulieve Cannabis Corp.?

The current trend direction for Trulieve Cannabis Corp. (TRUL.CA) is Bullish.


What is the RSI signal for TRUL 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 are the support and resistance levels for Trulieve Cannabis Corp. (TRUL.CA) stock?

Trulieve Cannabis Corp. (TRUL.CA) has a support level at 39.26 and a resistance level at 64.78. Check the full technical report for our detailed analysis of TRUL.CA support and resistance levels.