Village Farms is showing signs of life, up to 58.5 cents (1.26%)

While in the midst of a 7 day downtrend, losing a total of 22% (17.23 cents), A possible reversal detected from yesterday; after ending Thursday at 57.77 cents, Village Farms spiked to 60 cents yesterday, dropped back to starting point range, and rallied again to 58.5 cents.

Village Farms's uptick comes amid good United States macroeconomic data released during the day — United States Non Farm Payrolls beat analyst expectations of 180,000 and the previous reading of 294,000 with new data of 339,000.

On the flip side, highly important Average Hourly Earnings data from United States beat analyst expectations of 0.4% with a reading of 0.3%. Data from United States concerning Unemployment Rate was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 3.4 to 3.7 this month.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that Village Farms's lower Bollinger Band® is at 56.9678 cents, indicating that the market is oversold and fertile for new buyers. Chart analysis indicates Village Farms broke through the 59.9133 cents resistance and climbed 1 cents above it.

All in all, the technical analysis suggests Village Farms has no clear-cut direction.

A look at other consumer staples stocks also showed bullish price action as Coca-Cola was up 1.93%. Procter & Gamble traded at $146.52 after closing yesterday's trading day at $143.96 (up 1.78%).

Pointing downwards for around 3 months. Over the past 10 months, the consumer packaged goods provider has retreated 82.76% from a noteworthy peak of $3.35.