As traders prepare for a higher market open today, yesterday’s bearish sentiment is in focus: in yesterday’s bearish session, Trulieve Cannabis shed around 3.82% in quick fashion, found support around the $10.43 level and finally closed at $10.59. In contrast, the day’s events followed Friday’s session in which the stock closed at $11.
United States EIA Short-Term Energy Outlook is next today at 17:00 UTC.
Technical analysis of Trulieve Cannabis’s past price action reveals multiple support and resistance levels: Trulieve Cannabis Corp. could begin to recover as it approaches significant support, now 42 cents away from $10.17. Dipping below could be an indication that further losses are ahead.
On the other hand, positive performances could be seen by looking at other health care stocks as Amgen was up 2.97%. Anthem gained 2.71%, as it traded at $482.58. Novo Nordisk traded at $115.05 after closing yesterday’s trading day at $112.41 (up 2.35%).
Moreover, United States Crude Oil Inventories is projected to outperform its last figure with 1.1 million, having previously been at -3.12 million. The figure will be published tomorrow at 15:30 UTC.
Furthermore, United States EIA Short-Term Energy Outlook is scheduled for today at 17:00 UTC.
Having set a significant high of $30.96 a month ago, Trulieve Cannabis is trading 29.53% lower.