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March 03, 2023
After closing the previous trading day at 82.55 cents, Aurora Cannabis is up to 83.61 cents, which makes for a move of 1.28%/1.06 cents today.
- United States ISM Non-Manufacturing PMI (Feb) is next today at 15:00 UTC.
- In contrast to today's gains, Aurora Cannabis has been on an 11 day bearish trend during which it lost 14.94 cents of its value.
Earlier data releases related to Aurora Cannabis – United States Initial Jobless Claims beat analyst expectations of 195,000 and the previous reading of 192,000 with new data of 190,000. United States Nonfarm Productivity (QoQ) (Q4) came out at 1.7, while a consensus of analysts was expecting 2.6.
Here is the technical analysis of Aurora Cannabis before macro data is released:
'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Aurora Cannabis's lower Bollinger Band® is at 77.1864 cents, indicating that the market is oversold and fertile for new buyers.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Aurora Cannabis to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the the Canadian cannabis producer is expected to pick up significant bullish sentiment in the coming days.
Coming up for Aurora Cannabis — United States ISM Non-Manufacturing PMI (Feb) is expected today at 15:00 UTC.
As the markets get ready for more data to be released — Stryker is up 1%. Johnson & Johnson is up 0.61%. Thermo Fisher Scientific is trading at $552.92 after ending yesterday's session at $548.75 (up 0.76%).
Having soared to a high of $4.46 approximately 11 months ago, the Canadian cannabis producer is now trading 81.49% lower.
