| 
June 26, 2023
A quick look at Friday: after closing the previous trading day at $7.82 and dropping to $7.54, Green Thumb Industries closed Friday at $7.61. By the end of the session, Green Thumb Industries gave up a total of 2.63%.
Green Thumb Industries Inc. made an initial break below its 21 day Simple Moving Average at $7.55, a possible indication of a forthcoming negative trend. A "bearish engulfing" pattern — a scenario when a larger red candle engulfs a smaller green candle, at the top of a prevailing uptrend. Typically this is a signal of lower prices in the near term. Green Thumb Industries's upper Bollinger Band® is at $7.86 which indicates a further downward move may follow. Despite this, Green Thumb Industries could begin to recover as it approaches significant support, now 12 cents away from $7.5. Dipping below could be an indication that further losses are ahead.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Green Thumb Industries to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Green Thumb Industries is expected to attract significant bearish sentiment in the coming days.
Green Thumb Industries was not the only decliner in the health care sector; Astrazeneca PLC lost 2.47% Friday and closed at $72.12. Pfizer closed at $38.3 (down 1.11%). AbbVie lost 1.08% Friday and closed at $135.92.
Moreover, United States Consumer Confidence is projected to outperform its last figure with 104. It previously stood at 102.3; data will be released tomorrow at 14:00 UTC.
Furthermore, United States Building Permits is scheduled for tomorrow at 12:00 UTC. United States New Home Sales (May) will be released tomorrow at 14:00 UTC.
Pointing downwards for around a month. Having set a significant high of $15.63 6 months ago, Green Thumb Industries is trading 49.98% lower.
