What’s happening at Curaleaf Holdings, Inc. (Other OTC:CURLF)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 6.17% (or 0.25 points) to $4.30 from its previous close of $4.05. So is it the right moment to buy?
The shares had a decreased trading volume of 371,711 contracts this session compared to the average daily volume of last 10 days of 1,389,740 contracts and they had a decreased trading volume compared to the average daily volume of last 3 months of 631,695 contracts.
The indicator of a company’s profitability, the earnings per share ratio is -0.54. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits. This is negative and tells you exactly how much money the company lost per share of its 631.1M outstanding stocks.
The closing market price for this trading session was 96.35% over 52 weeks minimum price of $2.19 and 45.57% under 52 weeks maximum price of $7.90. Also the price is 23.24% greater than 200 day average of $3.49 and 18.15% greater than 50 day average of $3.64.
Looking at the trading signals for Curaleaf Holdings, Inc. over last 6 months of daily time series of prices, the two-week relative strength index (RSI), a momentum indicator that measures the size of recent changes of price to evaluate overbought or oversold conditions, stands at 0. According to standard usage, it’s value less than 30 indicates that CURLF is becoming oversold or undervalued and may be preparing for a trend reversal or corrective pushback in price. The stochastic oscillator reading, another momentum indicator of overbought and oversold conditions, stands at 0. According to standard usage, it’s value less than 20 is considered in the oversold range. But let’s keep in mind that even stochastic readings very close to thresholds are not indicative of imminent reversal. In fact very strong trends can maintain overbought or oversold conditions for an extended period, but changes in the stochastic oscillator might suggest future trend shifts.
Another important signal comes from the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator. It helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. Traders keep constatly an eye on the move of the MACD above or below the zero line due to the fact that the reading is an indicator of the position of the 12-period Exponential Moving Average (EMA) relative to the 26-period EMA. It currently stands at 0. Besides, its signal, given by nine-day EMA of the MACD, stands at 0.
Latest news that might have contributed to the great perfomance of CURLF today are:
- Cannabis Stocks & ETFs: Can the Recent Surge Continue?, published on Mon, 18 Sep 2023 19:48:00 +0000
- The 3 Best Cannabis Stocks to Buy Now: September 2023, published on Sun, 10 Sep 2023 20:11:01 +0000
- Curaleaf Expands Brand Portfolio With Launch of Zero Proof ™ Cannabis-Infused Drinkables, published on Tue, 05 Sep 2023 12:00:00 +0000