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    Technical Analysis for HITI - High Tide Inc.

    Grade Last Price % Change Price Change
    B 2.02 -5.61% -0.12
    HITI closed down 5.61 percent on Wednesday, April 24, 2024, on 1.39 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Down
    Historical HITI trend table...
    Date Alert Name Type % Chg
    New Downtrend Bearish 0.00%
    Strong but Oversold Other 0.00%
    Wide Bands Range Expansion 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Oversold Stochastic Weakness 0.00%
    Stochastic Reached Oversold Weakness -5.61%
    Strong but Oversold Other -5.61%
    Inside Day Range Contraction -5.61%
    Wide Bands Range Expansion -5.61%
    Oversold Stochastic Weakness -5.61%
    Older End-of-Day Signals for HITI ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakdown about 22 hours ago
    Down 5% about 22 hours ago
    1.5x Volume Pace about 22 hours ago
    Down 3% about 23 hours ago
    Fell Below Previous Day's Low about 23 hours ago
    View Earlier Intraday Alerts

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    Profile

    High Tide Inc. Description

    High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBIDTA1, with 88 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan. High Tide's retail segment features the Canna Cabana, KushBar, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations under development across the country. High Tide has been serving consumers for over a decade through its numerous consumption accessory businesses including e-commerce platforms Grasscity.com, Smokecartel.com, CBDcity.com, FABCBD.com and its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. High Tide's strategy as a parent company is to extend and strengthen its integrated value chain, while providing a complete customer experience and maximizing shareholder value. Key industry investors in High Tide include Tilray Inc. (TSX:TLRY) (NYSE:TLRY) and Aurora Cannabis Inc. (TSX:ACB). (NYSE:ACB).

    Classification
    Sector: Healthcare
    Industry: Pharmaceutical Retailers
    Keywords: Medicine Health Sciences Cannabis Medicinal Plants Herbalism Medical Cannabis E Commerce Platforms

    Is HITI a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 15 High Tide Announces Participation at Upcoming Cannabis Investment and B2B Conferences
    Apr 8 High Tide: Potential For Long-Term Compounding Through Its Differentiated Ecosystem
    Apr 4 High Tide to Open Fifth Canna Cabana Store in Mississauga, Ontario
    Apr 1 High Tide Welcomes Start of German Cannabis Legalization
    Mar 28 High Tide Closes Acquisition of Premium Canadian Cannabis Brand, Queen of Bud
    Mar 26 High Tide to Open Fourth Canna Cabana in Mississauga, Ontario
    Mar 21 High Tide to Open Third Canna Cabana in Mississauga, Ontario
    Mar 19 High Tide Inc. (NASDAQ:HITI) Q1 2024 Earnings Call Transcript
    Mar 18 High Tide Inc. (HITI) Q1 2024 Earnings Call Transcript
    Mar 15 Second-Largest Cannabis Retailer In North America Reports Record Revenue, Adjusted EBITDA In Q1
    See more HITI news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 2.85
    52 Week Low 1.14
    Average Volume 653,063
    200-Day Moving Average 1.65
    50-Day Moving Average 1.97
    20-Day Moving Average 2.28
    10-Day Moving Average 2.22
    Average True Range 0.19
    RSI (14) 43.50
    ADX 26.88
    +DI 21.08
    -DI 21.97
    Chandelier Exit (Long, 3 ATRs) 2.28
    Chandelier Exit (Short, 3 ATRs) 2.40
    Upper Bollinger Bands 2.66
    Lower Bollinger Band 1.90
    Percent B (%b) 0.16
    BandWidth 33.46
    MACD Line 0.05
    MACD Signal Line 0.10
    MACD Histogram -0.0529
    Fundamentals Value
    Market Cap 158.69 Million
    Num Shares 78.6 Million
    EPS -0.39
    Price-to-Earnings (P/E) Ratio -5.18
    Price-to-Sales 0.28
    Price-to-Book 1.37
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 2.29
    Resistance 3 (R3) 2.31 2.24 2.25
    Resistance 2 (R2) 2.24 2.17 2.23 2.23
    Resistance 1 (R1) 2.13 2.13 2.10 2.11 2.21
    Pivot Point 2.06 2.06 2.04 2.05 2.06
    Support 1 (S1) 1.95 1.99 1.92 1.93 1.83
    Support 2 (S2) 1.88 1.95 1.87 1.81
    Support 3 (S3) 1.77 1.88 1.80
    Support 4 (S4) 1.75