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April 15, 2023
Foresight Autonomous Holdings Ltd., Catalent Inc, Canopy Growth Corporation have been the noticable stocks on a downtrend. Here is what you need to know.
Leading equity indices in the US declined as Dow Jones shed 0.42% and closed at 33,900. Nasdaq was down 0.35% before closing the session at 12,123.
This downslide might be related to financial indicators data published earlier as following a previous reading of 0%, Core Retail Sales in United States released yesterday at 12:30 UTC fell short of the -0.3% figure expected by analysts with an actual reading of -0.8%.
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.
| Foresight Autonomous | continues an 18 day decline; decreases 4.65% yesterday
After setting a 30.2 cents – 34.76 cents range, Foresight Autonomous Holdings Ltd. closed the day 4.65% lower at 32.8 cents. Early in yesterday's session, Foresight Autonomous dropped to 30.2 cents from 34.4 cents at the end of Thursday, before closing at 32.8 cents. During the session, it lost 4.65%. Daily trading volume (587,844 shares) was above the current multiday average of 194,734.
Catalent continues a 5 day downtrend; crashes 26.84% yesterday
After setting a $45.09 – $50.7 range, Catalent closed the day 26.84% lower at $46.32. Early in yesterday's session, Catalent dropped to $45.09 from $63.31 at the end of Thursday, before closing at $46.32. During the session, it lost 26.84%. Daily trading volume (21.45 million shares) increased, making up 840% of the 21-day average (2.55 million).
Canopy Growth continues an 18 day downtrend; dips 5.3% yesterday
After setting a $1.43 – $1.52 range, Canopy Growth closed the day 5.3% lower at $1.43. Early in yesterday's session, Canopy Growth dropped to $1.43 from $1.51 at the end of Thursday, before closing at $1.43. During the session, it lost 5.3%. Daily trading volume (6.37 million shares) increased, making up 114% of the 21-day average (5.57 million).
