Village Farms is down to $2.08, after ending yesterday at $2.12. Overall, a 1.89% loss or 4 cents today.
Meanwhile, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.974, while the previous figure was 4.192. United States 2-Year Note Auction released yesterday at 16:30 UTC with a figure of 4.505, while the previous figure was 4.46.
Village Farms International, Inc. made an initial break below its 50 day Simple Moving Average at $2.09, a possible indication of a forthcoming negative trend. On the other hand, note that Village Farms could begin to recover as it approaches significant support, now 2 cents away from $2.06. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems Village Farms is likely to start pointing downward in the short term.
Positive performances can be seen by looking at other consumer staples stocks as Diageo is up 0.77%. Coca-Cola is trading at $62.37 after ending yesterday's session at $62.08 (up 0.47%). Costco is trading at $527.35 after ending yesterday's session at $523.37 (up 0.76%).
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 225,000 from the preceding figure of 222,000.
Moreover, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC.
Furthermore, United States New Home Sales (Oct) is scheduled for tomorrow at 15:00 UTC.
Having set a significant high of $7.37 13 days ago, the controlled environment agriculture pioneer is trading 17.13% lower.