AURORA CANNABIS INC. - Daily - Technical analysis published on 04/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 3.79 USD
My targets
3.07 USD (-12.95%)
2.93 USD (-17.00%)
My analysis
The bearish basic trend is very strong on AURORA CANNABIS INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3.79 USD. Crossing the first support at 3.07 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 2.93 USD as an objective. Caution, a return to above the resistance located at 3.79 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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Additional analysis
Quotes
The AURORA CANNABIS INC. rating is 3.53 USD. The price registered an increase of +0.00% on the session and was between 3.43 USD and 3.59 USD. This implies that the price is at +2.92% from its lowest and at -1.67% from its highest.3.43
3.59
3.53
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of AURORA CANNABIS INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.93 | 3.53 | 3.79 | 4.46 | 5.95 |
| Change (%) | -17.00% | - | +7.37% | +26.35% | +68.56% |
| Change | -0.60 | - | +0.26 | +0.93 | +2.42 |
| Level | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.09 | 3.27 | 3.40 | 3.58 | 3.71 | 3.89 | 4.02 |
| Camarilla | 3.45 | 3.47 | 3.50 | 3.53 | 3.56 | 3.59 | 3.62 |
| Woodie | 3.07 | 3.26 | 3.38 | 3.57 | 3.69 | 3.88 | 4.00 |
| Fibonacci | 3.27 | 3.39 | 3.46 | 3.58 | 3.70 | 3.77 | 3.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.11 | 3.52 | 3.73 | 4.14 | 4.35 | 4.76 | 4.97 |
| Camarilla | 3.78 | 3.84 | 3.89 | 3.95 | 4.01 | 4.06 | 4.12 |
| Woodie | 3.02 | 3.47 | 3.64 | 4.09 | 4.26 | 4.71 | 4.88 |
| Fibonacci | 3.52 | 3.75 | 3.90 | 4.14 | 4.37 | 4.52 | 4.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.40 | 2.15 | 3.07 | 3.82 | 4.74 | 5.49 | 6.41 |
| Camarilla | 3.54 | 3.69 | 3.85 | 4.00 | 4.15 | 4.31 | 4.46 |
| Woodie | 1.50 | 2.19 | 3.17 | 3.86 | 4.84 | 5.53 | 6.51 |
| Fibonacci | 2.15 | 2.79 | 3.18 | 3.82 | 4.46 | 4.85 | 5.49 |
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): | 44.27 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.29 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 3.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.43 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 3.28 | |
| Zig ZAG (10): | 3.55 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 17.21 | |
| TEMA (21): | 3.90 | |
| Williams %R (14): | -89.38 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -7.9000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 23.81 |
| MA7: | 3.84 | |
| MA20: | 3.74 | |
| MA50: | 3.87 | |
| MA100: | 4.86 | |
| MAexp7: | 3.77 | |
| MAexp20: | 3.80 | |
| MAexp50: | 4.05 | |
| MAexp100: | 4.73 | |
| Price / MA7: | -8.07% | |
| Price / MA20: | -5.61% | |
| Price / MA50: | -8.79% | |
| Price / MA100: | -27.37% | |
| Price / MAexp7: | -6.37% | |
| Price / MAexp20: | -7.11% | |
| Price / MAexp50: | -12.84% | |
| Price / MAexp100: | -25.37% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on AURORA CANNABIS INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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