TILRAY BRANDS INC. - Daily - Technical analysis published on 03/25/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 6.34 USD
My targets
7.24 USD (+3.87%)
8.39 USD (+20.33%)
My analysis
The strong short-term increase in TILRAY BRANDS INC. CLASS 2 calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 6.34 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 7.24 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.39 USD as an objective. Crossing it would then enable buyers to target 10.08 USD. Caution, a return under 6.34 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.1
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Additional analysis
Quotes
The TILRAY BRANDS INC. CLASS 2 rating is 6.97 USD. On the day, this instrument gained +21.85% and was between 5.68 USD and 7.07 USD. This implies that the price is at +22.71% from its lowest and at -1.41% from its highest.5.68
7.07
6.97
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TILRAY BRANDS INC. CLASS 2 chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.21 | 6.97 | 7.24 | 10.08 | 13.36 |
| Change (%) | -25.25% | - | +3.87% | +44.62% | +91.68% |
| Change | -1.76 | - | +0.27 | +3.11 | +6.39 |
| Level | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.69 | 5.18 | 6.08 | 6.57 | 7.47 | 7.96 | 8.86 |
| Camarilla | 6.59 | 6.72 | 6.84 | 6.97 | 7.10 | 7.23 | 7.35 |
| Woodie | 4.89 | 5.28 | 6.28 | 6.67 | 7.67 | 8.06 | 9.06 |
| Fibonacci | 5.18 | 5.71 | 6.04 | 6.57 | 7.10 | 7.43 | 7.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.17 | 4.48 | 4.99 | 5.30 | 5.81 | 6.12 | 6.63 |
| Camarilla | 5.29 | 5.36 | 5.44 | 5.51 | 5.59 | 5.66 | 5.74 |
| Woodie | 4.28 | 4.53 | 5.10 | 5.35 | 5.92 | 6.17 | 6.74 |
| Fibonacci | 4.48 | 4.79 | 4.98 | 5.30 | 5.61 | 5.80 | 6.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.14 | 4.29 | 5.19 | 6.34 | 7.24 | 8.39 | 9.29 |
| Camarilla | 5.54 | 5.72 | 5.91 | 6.10 | 6.29 | 6.48 | 6.66 |
| Woodie | 3.03 | 4.23 | 5.08 | 6.28 | 7.13 | 8.33 | 9.18 |
| Fibonacci | 4.29 | 5.07 | 5.55 | 6.34 | 7.12 | 7.60 | 8.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.33 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | 16.84 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.02 | |
| Elder Ray (13): | 0.68 | |
| Super Trend (3,10): | 4.91 | |
| Zig ZAG (10): | 6.97 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 80.27 | |
| TEMA (21): | 5.75 | |
| Williams %R (14): | -4.37 | |
| Chande Momentum Oscillator (20): | 1.67 | |
| Repulse (5,40,3): | 19.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.5800 | |
| Courbe Coppock: | 5.30 |
| MA7: | 5.71 | |
| MA20: | 5.54 | |
| MA50: | 5.98 | |
| MA100: | 7.66 | |
| MAexp7: | 5.86 | |
| MAexp20: | 5.71 | |
| MAexp50: | 6.24 | |
| MAexp100: | 7.60 | |
| Price / MA7: | +22.07% | |
| Price / MA20: | +25.81% | |
| Price / MA50: | +16.56% | |
| Price / MA100: | -9.01% | |
| Price / MAexp7: | +18.94% | |
| Price / MAexp20: | +22.07% | |
| Price / MAexp50: | +11.70% | |
| Price / MAexp100: | -8.29% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on TILRAY BRANDS INC. CLASS 2 at the time of the generation of this analysis was as follows:
- Solei Brand Launches New Wellness Product For Nighttime Use
- Tilray Medical Expands Offering in Malta and Launches First Medical Cannabis Oil Products in Market
- Good Supply Brand Expands Its Award-Winning Cannabis Portfolio with Hash Bats™; A New ‘Hard-Hitting’ Infused Pre-Roll
- Tilray Brands Announces Proposed Agreement for Strategic Alliance With Hexo Corp.
- Manitoba Harvest to Unveil New Superfood Lineup
This member declared not having a position on this financial instrument or a related financial instrument.
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