A quick look at yesterday: Village Farms moves up 3.27% to close at 95 cents yesterday.
The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Village Farms's lower Bollinger Band® is at 88.8304 cents, indicating that the market is oversold and fertile for new buyers.
Overall, looking at the technical analysis landscape, it seems Village Farms might continue pointing upwards in the short term.
This rally in Village Farms's share price coincided with other consumer staples stocks as Walmart was up 0.81%.
While Village Farms was bullish yesterday, the following consumer staples stocks underperformed: Anheuser-Busch went down to $59.91, losing 1.48% after it closed at $60.81 yesterday. Unilever draws back 1.15% yesterday to close at $49.72.
Pointing downwards for around a month. The consumer packaged goods provider has fallen back around 84.92% from the significant high of $6.1 set 11 months ago.