After three days of going up, Green Thumb Industries is down 1.22% today, indicating that the rally may be coming to an end

Green Thumb Industries is down to $8.52, after ending yesterday at $8.62. Overall, a 1.22% loss or 10.5 cents today.

United States EIA Short-Term Energy Outlook is next today at 16:00 UTC.

As the day gets underway, chart analysis suggests Green Thumb Industries Inc. could begin to recover as it approaches significant support, now 20 cents away from $8.32. Dipping below could be an indication that further losses are ahead. Trend and momentum analysis indicates that investors are seeking long positions as Green Thumb Industries price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Green Thumb Industries's upper Bollinger Band® is at $8.5 which indicates a further downward move may follow.

Notwithstanding Green Thumb Industries's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

In the meantime, negative performances are also seen in other health care stocks as Thermo Fisher Scientific is down 1.33% from the beginning of the session and now trades around $535.35. Abbott Laboratories is trading around $110.09 (down 0.73%).

Positive performances can be seen by looking at other health care stocks as UnitedHealth is up 0.71%.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.6 million from the preceding figure of -1.28 million.

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.

Green Thumb Industries hit a significant low of $6.8 around 14 days ago, but has since recovered 26.76%.