Village Farms ticks up 5.85% in after hours trading; currently at 72 cents

Today at a glance: Village Farms shed 6.82%, falling to 68.02 cents.

United States Retail Sales improved upon its previous reading of -0.7% with a new data release of 0.4%.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – new Core Retail Sales data from United States matched market expectations with a reading of 0.4% — a positive step in contrast to previous data of -0.5% from last month.

Meanwhile, United States API Weekly Crude Oil Stock released today at 20:30 UTC with a figure of 3.69 million, while the previous figure was 3.62 million.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. On the other hand, note that Village Farms's lower Bollinger Band® is at 67.8857 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Village Farms reversed direction at 71.3333 cents support zone and climbed 3 cents above it.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Village Farms.

Village Farms was not the only decliner in the consumer staples sector; Anheuser-Busch went down 2.24%, closed at $61.06. Walmart falls 1.38% today to close at $151.88. Coca-Cola lost 1.13% today and closed at $63.22.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.3 million from the preceding figure of 2.95 million.

Furthermore, United States Building Permits (Apr) is scheduled for tomorrow at 12:30 UTC.

Trending downwards for around 3 months. The consumer packaged goods provider has fallen back around 78.21% from the significant high of $3.35 set 9 months ago.