Village Farms jumped 7.83 cents from a 6 years low and ended session at 90.83 cents

Yesterday's session ended at 92.25 cents; today, the consumer packaged goods provider dropped to its lowest point in 6 years at 83 cents. It later recovered 7.83 cents and is now trading at 90.83 cents.

Data from United States concerning Unemployment Rate was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 3.4 to 3.6 this month.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.

While price action maintains a negative bias, United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 107,100, while the previous figure was 128,800.

With regards to technical trend indicators, chart analysis show that 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. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at 89.2475 cents, a low enough level to, generally, suggest that Village Farms is trading below its fair value. Village Farms chart analysis: although Village Farms is down today and was as low as 83 cents, it seems to be recovering slightly and climbing away from the 83.6133 cents support line and is now 7 cents above it.

Overall, the technical outlook suggests Village Farms is likely to remain muted for the immediate future, with no clear-cut direction.

Village Farms was not the only decliner in the consumer staples sector; Costco went down to $471.14, losing 1.75% after it closed at $479.52 yesterday. Philip Morris International lost 0.62% yesterday and closed at $98.35.

On the other hand, positive performances could be seen by looking at other consumer staples stocks as Procter & Gamble was up 0.45%.

Pointing downwards for around a month. Over the past 11 months, the consumer packaged goods provider has retreated 84.88% from a noteworthy peak of $6.1.