Aurora Cannabis currently down 2.21% halfway through today

The Canadian cannabis spearhead slides down from 67 cents to 65.52 cents, losing 1.48 cents (2.21%).

Aurora Cannabis is currently trading at 65.52 cents following the release of JOLTs Job Openings (Feb) data from the United States.

While price action maintains a negative bias, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.

Support/Resistance levels obtained from chart analysis indicate that Aurora Cannabis Inc. could begin to recover as it approaches significant support, now 2 cents away from 65.0667 cents. Dipping below could be an indication that further losses are ahead. Trend and momentum analysis indicates that 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. Asset volatility analysis shows that Aurora Cannabis's lower Bollinger Band® is at 63.3419 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

All in all, the technical analysis suggests Aurora Cannabis has no clear-cut direction.

Positive performances can be seen by looking at other health care stocks as Eli Lilly and Company is up 1.86%. Abbott Laboratories is trading at $102.92 after ending yesterday's session at $101.59 (up 1.3%). Johnson & Johnson is up 0.97%.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million, having previously been at -7.49 million. The figure will be published tomorrow at 14:30 UTC.

Furthermore, United States ADP Nonfarm Employment Change (Mar) is scheduled for tomorrow at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) is expected tomorrow at 14:00 UTC.

Pointing downwards for around 2 months. Aurora Cannabis has shed $3.47 points and is languishing 83.82% lower over the past year, leaving its yearly highs around $4.14 in the rear-view mirror.