TLRY declines to lowest close since August 28, 2018
Tilray Inc. (TLRY) Technical Analysis Report for Apr 12, 2019 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, TLRY ended the week -11.14% lower at 52.91 after losing $0.61 (-1.14%) today, strongly underperforming the S&P 500 (0.66%). Today's close at 52.91 marks the lowest recorded closing price since August 28, 2018.
Daily Candlestick Chart (TLRY as at Apr 12, 2019):
Friday's trading range has been $2.68 (5.16%), that's slightly below the last trading month's daily average range of $2.86. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently just the same than usual for TLRY.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.