US Stocks · Sell Signal Underway
Tilray drops 9.8% as sell volume hits 85% ahead of this week's earnings
US Stocks · Sell Signal Underway
Our view last week
Tilray's bounce hits a wall this week: after a fresh-low attempt in the 4.2 area, with a 9% intermediate rebound, sellers came back in force on the last session, with 84% of volume on the sell side, and the weekly close still finished down 2.7%. Underneath the surface, though, money flow keeps improving. The sell signal stays under management, with the short above 22% in profit, and earnings are now just two weeks away.
This week's summary
Tilray gives buyers no room this week: the close is down 9.8%, with 85% of volume on the sell side and a fresh low in the 3.8 area. Sellers tighten their grip further compared to last week, while the weekly RSI slips to 28.3, at the edge of oversold. Earnings are due this very week, one more factor to watch for anyone tracking the decline.
IQS Phase
85
in tension / maturity
Signal Strength
82
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#19 / 141
US stocks
Trade P&L %
+30.22%
from signal to today
Rank position
ranks 19th among the 141 sell signals for US stocks in our ranking, with a signal strength of 82 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
TLRY belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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