Tilray Inc. ( TLRY) is scheduled to announce second-quarter results after the market close here on Tuesday and it is the Stock of the Day at Real Money. We do not have a long history of price data to work with on TLRY, but it has been exciting at times. Let's see how the indicators look ahead of earnings.
In this daily bar chart of TLRY, below, we used a log scale because of the huge rally last August and September. Prices declined for eight months after the September zenith. There was a bounce in June of this year, and I would consider that the decline into late July was a "retest" of the early June low. Prices are trading around the bottoming 50-day moving average line but still well below the declining 200-day line.
The scaling makes the volume pattern pretty much impossible to read, but the On-Balance-Volume (OBV) shows some improvement from early June. The Moving Average Convergence Divergence (MACD) oscillator is on the zero line and is poised to move higher.

In this Point and Figure chart of TLRY, below, we can see some recent consolidation/accumulation and an upside price target of $48.

Bottom line strategy: With TLRY going down eight months and many cannabis bulls in retreat or wounded, I would guess (yes, guess) that an upside move is not expected.