| 
March 14, 2023
After closing the previous trading day at 90.1 cents, Village Farms is up to 90.7 cents, which makes for a move of 0.67%/0.7 cents today.
Meanwhile, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Village Farms's lower Bollinger Band® is at 88.1001 cents, indicating that the market is oversold and fertile for new buyers.
All in all, the technical analysis suggests Village Farms has no clear-cut direction.
This rally in Village Farms's share price coincides with other consumer staples stocks as Anheuser-Busch is trading at $60.53 after ending yesterday's session at $59.48 (up 1.77%). Costco added 1.64% to its value, now trading at $479.73.
While Village Farms is higher so far today, these consumer staples stocks are struggling: PepsiCo is down to $172.22, losing 0.86%, after ending yesterday at $173.71.
Also worthy of note, tomorrow at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of 3%. As things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of -0.1%, following on from the preceding figure of 2.3%. New data is set to be published tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
Pointing downwards for around a month. The consumer packaged goods provider has fallen back around 85.23% over the past 11 months, from a notable high of $6.1.
