A sharp bounce after three weeks of selling
Tilray jumps 17% on heavy buy volume, though the daily chart still posts lower highs
A sharp bounce after three weeks of selling
Our view last week
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.
This week's summary
Tilray rebounds 17% in a week with 98% of the volume on the buy side, after sliding to the 3.8 area and brushing oversold conditions a week earlier. The weekly MACD turns bullish, yet the daily sequence still shows lower highs, from the 4.6 area down to the 4.1 area: the technical structure has not yet cleared the way for a real turn.
IQS Phase
61
ordinary
Signal Strength
9
decline fading out
Sizing
MINIMUM
Ranking
#71 / 138
US stocks
Trade P&L %
+18.35%
from signal to date, no stop loss
Rank position
ranks 71st among the 138 sell signals for US stocks in our ranking, with a signal strength of 9 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
TLRY belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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