<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TLRY stock price is currently trading at $2.91 with a trading volume of 60.232 Million.</a> </li> 
 <li> <span>2</span> <a>Tilray stock witnessed a massive drop of -12.08% in the last trading session.</a> </li> 
</ul> 
<p>TLRY stock price is in a bullish momentum; making a higher high structure. Currently, the Tilray stock price is trading above the key moving averages and the 50 EMA crossed the 100 EMA in an upward direction showing bulls’ presence in the stock.</p> 
<p>Moreover, big buying activity is seen in stock as the green volume candles increase on the chart and the price surges beyond 200 EMA. It showcases the presence of buyers in the stock.&nbsp;</p> 
<p>TLRY stock price is currently trading at $2.91 with a massive drop of -12.08% in the last intraday session. Tilray Brands has a market cap of $2.046 Billion and floating shares of 693.406 Million. However, the company doesn’t pay any dividends as of now.</p> 
<p>In the last 6 months, the company’s performance was good. Tilray stock gave a return of 22.78% in six months and a return of 69.19% in the last three months. Last month, it gave a return of 13.23%. However, the stock displayed some weakness this week and went down by -3.00%.</p> 
<h2 class="wp-block-heading" id="strong-tlry-stock-tilray-stock-price-roadmap-to-5-strong"><strong>TLRY Stock: Tilray Stock Price Roadmap to $5</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/putFgiH4H39moNQTIbL6NXQu5li8laQt0U6HrZqUsnEGsK_7oByOQ5tW8i18i5L7HkJOscu_kKDEWJvOGHtDRLzCoZM_8mZs12tMUWh7NKClSVxHZss6H-SBgRwXOOW2FXTMfsgoymBiGiPZgisuLIE" alt="TLRY Stock Forecast: Will Tilray Stock Ready to Archive $5 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: <a href="https://www.tradingview.com/x/Pix2grUN/" rel="noopener noreferrer nofollow">Tradingview</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Tilray’s stock price currently trading above the key moving averages of 50, 100, and 200. However, the stock is trying to sustain above the 200 moving average. The 50 EMA line gives a bullish crossover with 100 EMA&nbsp; and heading towards 200 EMA. Moreover, the scenario indicates bullish sentiments about the stock.</p> 
<p>RSI is currently trading above the median line near the overbought territory. The RSI line takes a sudden reversal from the overbought zone after the unusual drop in <a href="https://docs.google.com/document/u/0/d/1b1LaxCDlpdqEliXsGu66WHlLbzsh6PgV83nml5g-y18/edit" rel="noopener noreferrer nofollow">stock price</a>. Currently, the RSI is trading at 56.75 and the 14 SMA line is at 60.75 showcasing neutrality.</p> 
<p>At press time the MACD curve is floating in the positive territory beyond the zero line. MACD line is at 0.2067 above the signal line 0.1814 indicating bullishness on the chart.&nbsp;</p> 
<p>Overall, the indicators support the TLRY stock price and showcase bullishness on the chart and the price action also suggests an uptrend in the upcoming days.</p> 
<h2 class="wp-block-heading" id="strong-analysts-take-on-tlry-stock-price-strong"><strong>Analysts Take on TLRY Stock Price</strong></h2> 
<p>There is a mixed opinion among 18 analysts who follow Tilray stock. Almost 5 of them rate the stock as a “Strong Buy”, while 0 give it a “Buy” rating.&nbsp; About 13 analysts recommend holding the stock and none of them advise selling it. The overall weightage is on the buying side.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/uoimrN3RJGCM-Qz2anwlTV8NDxYilDw6ZwIlAJQjWWd-ZOjVTCZc4VGK4bQwGd-utqpSBPBj-e9unfeorag7Dy2QAI5zBNSxbM80JzgXG2Xkul-JQ-QFmtQDmjhpnX-ELEIzmjB-Ia_Lr23TsPRDVMw" alt="TLRY Stock Forecast: Will Tilray Stock Ready to Archive $5 Mark?" style="width: 100%;height:579px" width="1173" height="579"> 
  <figcaption class="wp-element-caption">
    Source: Tradingview 
  </figcaption> 
 </figure> 
</div> 
<p>Tilray stock has an average price target of $2.68 which implies a decline of 8.08% from its current price of $2.91. The price targets vary from a high of $4.25 to a low of $1.90.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/03/tilray-stock-will-trly-stock-retest-5-00-before-2023-ends/" rel="noopener noreferrer nofollow">TLRY stock price</a> is in a bullish momentum by making higher high structure and heading upward. RSI, MACD, and EMAs are giving bullish signals. Overall, the scenario is indicating a bullish signal and it seems that the stock will reach the $5 mark in the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>S1 $2.38, and S2 $1.79.</li> 
 <li><strong>Resistance Levels: </strong>R1 $3.33, and R2 $3.69.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

TLRY Stock Forecast: Will Tilray Stock Ready to Archive $5 Mark?

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Thecoinrepublic.com

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