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April 14, 2023
HEXO Corp., Foresight Autonomous Holdings Ltd., Canopy Growth Corporation and others have been slumping.
The leading indices were losing ground — Dow Jones slipping 0.65% and closing at 33,810. Nasdaq drawing back 0.58% to 12,100.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — United States Core Retail Sales published today at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure.
What is a downtrend?
The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.
| HEXO Corp. | 32% decline over 4 days
HEXO Corp. drops 0.45% since opening around $1.12 slightly weaker but mostly flat: HEXO Corp. is currently trading at $1.11 as it maintains an active range between $1.09 and $1.14.
| Foresight Autonomous | 36.44% decline over 17 days
More of the same today: the sensor manufacturer is trading close to the 31.5 cents level today, after ending yesterday at 34.4 cents and dropping 8.43%. Foresight Autonomous drops 8.43% since opening around 34.3 cents current trading volume stands at 353,515; 206% above the 21-day average of 171,342.
Currently, the sensor manufacturer has a market capitalization of $23.25 million with an average daily trading volume of 171,342 shares. The autonomous driving system developer has shed 40.69% over the past three months. Pointing downwards for around 2 months. Foresight Autonomous has a forecast of $250,000 with an EPS of -5 cents.
| Canopy Growth | a 46 cents (-26.14%) fall over 17 days
Canopy Growth drops 3.64% since opening around $1.5 while bearish sentiment is dominating the market, the cannabis producer is maintaining its poise around $1.46 while ranging between $1.45 and $1.52 so far today.
