Village Farms ticks up 2.46% in after hours trading; currently at 60.85 cents

A quick look at yesterday: slightly down but mostly flat: Village Farms ranged between 58 cents and 66.7 cents before closing at 59.39 cents.

Meanwhile, United States Services PMI released yesterday at 13:45 UTC with a figure of 54.1, while the previous figure was 54.9. Fresh CFTC Crude Oil speculative net positions data from United States came out at 166,500. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 163,000, while the previous figure was 160,200.

Technical analysis of Village Farms's past price action reveals multiple support and resistance levels: Village Farms International, Inc. could begin to recover as it approaches significant support, now 3 cents away from 55.93 cents. Dipping below could be an indication that further losses are ahead. Trend-following investors would be interested to note that Village Farms made an initial break below its 21 day Simple Moving Average at 66.8705 cents, a possible indication of a forthcoming negative trend. Village Farms formed a session range of 58 cents to 66.7 cents leaving buyers and sellers highly concentrated around an active Fibonacci support level of 64.3519 cents. Asset volatility analysis shows that Village Farms's lower Bollinger Band® is at 55.9344 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

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; Coca-Cola went down to $61.2, losing 1.05% after it closed at $61.85 yesterday. Procter & Gamble went down to $148.46, losing 0.99% after it closed at $149.95 yesterday. Anheuser-Busch lost 1.33% yesterday and closed at $57.12.

Over the past 11 months, the consumer packaged goods provider has retreated 80.6% from a noteworthy peak of $3.35.