April

Million

Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TLRY stock price decreased by 16.34% over the past week and the current price is below major EMAs and declining.</a> </li> 
 <li> <span>2</span> <a>Tilray Brands Inc. (NASDAQ: TLRY) stock’s 52-week price range is $1 – $5.</a> </li> 
</ul> 
<p>Tilray Brands Inc. is a global company that produces and sells medical and recreational cannabis, pharmaceutical and wellness products, and beverage alcohol products. It operates in four segments and has various brands. It was founded as Tilray Inc. and changed its name in 2022.</p> 
<p>Tilray Brands Inc. (TLRY) stock’s market capitalization is $1.8 Billion and the shares float is $693.406 Million. Moreover, the stock’s basic EPS is -$2.35 and the price-to-earnings ratio is -1.3x.</p> 
<p>Tilray Brands has a debt-to-equity ratio of 17.4%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $4.31 Billion and total liabilities of $977.32 Million. Tilray Brands’ debt is $579.77 Million while its equity is $3.33 Billion.</p> 
<p>Moreover, Tilray Brands experienced a decline in its earnings at a rate of 68.6% per year on average, according to Simply Wall St., a financial website. The pharmaceutical industry’s average annual earnings growth is 12.0%. Therefore, Tilray Brands’ earnings are extremely lower than the industry average.</p> 
<p>Tilray Brands stock earlier back in 2022 publicized its earnings report for the February period ending on April 6th, 2022, the reported earnings gave a positive surprise by 210% from the estimated earnings but the reported revenue was missed by 2.75% from the expected estimate.&nbsp;</p> 
<p>Thereafter, on the charts, it is clearly noticeable that profit booking was so extreme that even in recent times the stock has bearish effect and the price is still declining from the trendline and there is a continuous streak of negative quarter reports showing that selling may continue more.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-tlry-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of TLRY Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that Tilray Brands Inc. (NASDAQ: TLRY) stock price took major rejection in April 2022 at $9 back in the year and has been on a continued declining trend by making lower highs and lower lows.&nbsp;</p> 
<p>At the time of writing, TLRY stock is trading at $2.56 and facing nearest resistance around $3 and declining from the downward trendline, it is noticed on examining the chart that in every previous earnings report profit booking streak continued and price tried to surpass the major trendline but failed as resistance was high and the price started dropping again.</p> 
<p>Therefore, if the TLRY price continues to decrease more with profit booking, it might hit the nearest support levels of $2 and $1.5.</p> 
<p>However, if it maintains the current level and reverses, the TLRY prices could continue to move upward and reach the first and second resistances of $3 and $3.5.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-1024x566.png" alt="" class="wp-image-169479" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-570.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: TLRY.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, Tilray Brands Inc. (NASDAQ: TLRY) is trading below the major 20 and 50-day EMA (exponential moving averages), which rejects the TLRY price trend.&nbsp;</p> 
<p>The MACD line at 0.1344 and signal line at 0.1733 are above the zero line and both lines have crossed each other while a bearish crossover is observed.</p> 
<p>The current value of RSI is 45 points. The 14 SMA is above the median line at 61 points which indicates that TLRY stock is in a bearish territory as RSI faced rejection from 14 SMA.</p> 
<p>Combiningly, all indicators indicate bearishness for <a href="https://www.thecoinrepublic.com/2023/09/13/tlry-stock-forecast-will-tilray-stock-ready-to-archive-5-mark/" target="_blank" rel="noreferrer noopener">TLRY stock</a>.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Tilray Brands Inc. (NASDAQ: TLRY) chart indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing profit booking might still continue. The technical analysis tools of Tilray Brands’ stock price indicate bearishness.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: $2 and $1.5</li> 
 <li><strong>Resistance levels:</strong> $3 and $3.5</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Tilray Brands Stock Forecast: Can (NASDAQ: TLRY) Price Recover?

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