After closing the previous trading day at $seven, Green Thumb Industries went up to $7.09 only to drop back; still positive overall today, now trading at $7.06.
- Green Thumb Industries is currently trading at $7.06 following the release of Services PMI data from the United States.
- In contrast to today's gains, Green Thumb Industries has been on a 6 day bearish trend during which it lost 30 cents of its value.
United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million.
Green Thumb Industries Inc. made an initial breakout above its 3 day Simple Moving Average at $7.08, a potential indicator of a newly emerging bullish phase. Green Thumb Industries's lower Bollinger Band® is at $6.64, indicating that the market is oversold and fertile for new buyers. Despite this, Green Thumb Industries could be slowing down soon as it approaches resistance at $7.14. Of course, crossing it might suggest further gains are ahead.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Green Thumb Industries to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Green Thumb Industries is expected to pick up significant bullish sentiment in the coming days.
Novo Nordisk gained 4.38%, currently at $172.61. Eli Lilly and Company is trading at $384.46 after ending yesterday's session at $374.81 (up 2.57%). Novartis added 1.74% to its value, now trading at $100.32.
Trending downwards for around 2 months. Green Thumb Industries has shed 40.32% over the past six months.