Aurora Cannabis currently down 1.87% halfway through today

While bearish sentiment is dominating the market, the Canadian cannabis producer is maintaining its poise around 64.56 cents while ranging between 64.56 cents and 66.18 cents so far today.

Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%. Highly important Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1%. Highly important Producer Price Index data from United States beat analyst expectations of 0.1% with a reading of -0.5%.

With regards to technical trend indicators, chart analysis show that Aurora Cannabis Inc. made an initial break below its 5 day Simple Moving Average at 65.542 cents, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that Aurora Cannabis's lower Bollinger Band® is at 62.6343 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Technical analysis of Aurora Cannabis's past price action reveals multiple support and resistance levels: Aurora Cannabis could begin to recover as it approaches significant support, now 2 cents away from 64.94 cents. Dipping below could be an indication that further losses are ahead.

With market volatility ebbing, the current technical outlook indicates Aurora Cannabis will remain range-bound for the immediate future.

Aurora Cannabis's stock value drop coincides with after closing the previous session (yesterday) at $526.23, UnitedHealth lost $13.88 and is trading around $512.35. Johnson & Johnson is down 0.94% from the beginning of the session and now trades around $164.56. Pfizer is trading around $41.1 (down 0.88%).

Pointing downwards for around 2 months. Since its 52-week high of $3.69, the Canadian cannabis producer has lost 82.17% over the last twelve months.