Is the bullish run coming to an end? Village Farms closed at 69.84 cents (-0.23%)

Though in the midst of a 7 day uptrend, gaining a total of 20.89%, (12.23 cents), The prevailing bullish trend is beginning to fade following Friday's downbeat session. Grinding lower but with no clear-cut direction, the consumer packaged goods provider closed the session at 69.84 cents after forming a distinct 68.04 cents – 71.98 cents range.

Village Farms International, Inc. made an initial break below its 21 day Simple Moving Average at 68.5295 cents, a possible indication of a forthcoming negative trend. Having stamped out a session range of 68.04 cents to 71.98 cents, Fibonacci-inclined Village Farms traders were highly concentrated around active Fibonacci support at 68.4181 cents. On the other hand, note that although Village Farms is down today and was as low as 68.04 cents, it seems to be recovering slightly and climbing away from the 67.0533 cents support line and is now 3 cents above it.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Village Farms to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the consumer packaged goods provider is expected to attract significant bearish sentiment in the coming days.

Village Farms hit a significant low of 57.77 cents around 10 days ago, but has since recovered 21.17%.