Fresh buy signal on Tilray
Tilray stock jumps 3.6%, bounces 8% off its 20-day average as a fresh buy signal kicks in
Our view last week
Tilray is trying to right the ship: after last week's 17% rebound ran out of steam, this week buyers are back in control with 68% of volume and the stock is up 2.2%. The weekly RSI edges above 38 and the MACD keeps improving, with the histogram back in positive territory. The stock is still stuck between the first support and the first resistance, in a tight range, with the Sell signal still comfortably in profit.
This week's summary
Tilray bounces 8% off its daily 20-day moving average and closes the week up 3.6%, with buyers still in charge, 57% of volume. A fresh buy signal kicks in: Tilray's technical analysis shows RSI and MACD both improving and wide running room above the price, even as the stock stays boxed in a tight range with the entry trigger still to confirm.
IQS Phase
41
ordinary
Signal Strength
76
high · wide & volatile
Sizing
FULL
Ranking
#11 / 14
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 11th among the 14 fresh Longs for US stocks in our ranking, with a signal strength of 76 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly -0.15% · monthly +3.51%
TLRY belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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