Aurora Cannabis stock | ISIN: CA05156X1087 | WKN: A12GS7
With the current decline, the upward trend is just being reached. Starting at the end of 2018, this can be drawn into the chart and leads over three edition points to the present day. Therefore the next days are very exciting. Will the trend hold? To turn the picture into a positive now, the bulls have to succeed in defending the rising trend. That means we can touch it but then have to put it on again. In a further process, the falling trend line must be taken. If the rising trend is not sustainable enough, the price will probably dive into the support area. So you can still get 4 Euro.
Now have a look at the chart of the Aurora Cannabis stock.
Day chart trend analysis:
Following a trend analysis for Aurora Cannabis stock. The statement of various trend indicators is used for this purpose. The analysis serves to get a feeling of whether it makes sense to be invested in the stock.
○ The moving average (SMA): This analyzes whether the GD increases. Because rising GDs mark an upward trend. Of a total of 10 moving averages, only 2 are rising. That can be described as very bearish. Also, the share price is not above any moving average. That’s very bad.
○ Macd Indicator: This analyzes whether the signal line is above the trigger line. Also whether the Macd is above zero. Of a total of 10 Macd analyses, not one is positive. That can be described as very bearish.
○ Highest High Indicator: This is used to analyze whether new peaks occur. Because higher highs mark an upward trend. Of a total of 10 HighestHighs, only one is rising. That can be described as very bearish.
○ LowestLow Indicator: This is used to analyze whether new lows are emerging. Because higher lows mark an upward trend. Of a total of 10 LowestLows, only 2 are rising. That can be described as very bearish.
We now come to the overall evaluation for the Aurora Cannabis stock. Of a total of 40 evaluation criteria, 5 can be described as positive. That is only 12.5%. Therefore the status here is set to “very bearish”. From this point of view, it makes sense to wait until the analysis of the Aurora Cannabis share shows a positive result.