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June 06, 2023
Green Thumb Industries is sliding down from $7.48 to $7.43, taking a 0.67% loss as it nears the end of the session.
- Green Thumb Industries is currently trading at $7.43 following the release of EIA Short-Term Energy Outlook data from the United States.
- Today's losses are adding to a 5 day bearish run, during which Green Thumb Industries lost 24 cents of its value.
United States ISM Non-Manufacturing PMI (May) released yesterday at 14:00 UTC with a figure of 50.3, while the previous figure was 51.9. United States Services PMI came out at 54.9, while a consensus of analysts was expecting 55.1.
Green Thumb Industries Inc. could begin to recover as it approaches significant support, now 17 cents away from $7.26. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Green Thumb Industries peaked above its 50 day Simple Moving Average around $7.42 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $6.92, a low enough level to, generally, suggest that Green Thumb Industries is trading below its fair value.
Technical analysis indicates that Green Thumb Industries's current downtrend might soon change course and start climbing up in the short term.
Tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.15 million from the preceding figure of 4.49 million.
After closing the previous session (yesterday) at $113.11, Merck lost $3.33 and is trading around $109.78. After closing the previous session (yesterday) at $498.19, UnitedHealth lost $11.95 and is trading around $486.24. Novo Nordisk is up 1.82%.
Green Thumb Industries traded as high as $15.63 before shedding 52.16% lower over the past six months.
