CANOPY GROWTH CORP (CGC)

CA1380357048 - Common Stock

3.61  +0.1 (+2.85%)

After market: 3.64 +0.03 (+0.83%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to CGC. CGC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
94% of all other stocks performed better in the past year than CGC.
CGC is one of the lesser performing stocks in the Pharmaceuticals industry. 71% of 194 stocks in the same industry do better.
CGC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CGC has a been trading in the 3.46 - 4.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CGC has an average volume of 5972060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
CGC Weekly chart
CGC Daily chart
Setup Rating and Analysis

3

The technical rating of CGC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

3.57

4.73

We can see 4 important resistance areas.

  • A resistance zone ranging from 3.83 to 3.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.03 from a trend line in the weekly time frame.
  • Resistance @4.17 from a trend line in the daily time frame.
  • Resistance @4.68 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.4
Mansfield-4.63
10 Day High4.25
10 Day Low3.46
20 Day High4.75
20 Day Low3.46
52 Week High14.92
52 Week Low2.76
Performance
1 Week-8.38%
2 Weeks-5.74%
1 Month-35.42%
3 Month-19.42%
6 Month-48.65%
12 Month-54.87%
2 Year-84.37%
3 Year-95.86%
5 Year-98.29%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)38.37
LBB3.52
UBB4.11
CGC Daily chart

CANOPY GROWTH CORP

NASDAQ:CGC (12/4/2024, 8:00:00 PM)

After market: 3.64 +0.03 (+0.83%)

3.61

+0.1 (+2.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.85%
1 Week-8.38%
2 Weeks-5.74%
1 Month-35.42%
3 Month-19.42%
6 Month-48.65%
12 Month-54.87%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.22
ATR(20)%9.22%
ATR Inc
Range Today0.21
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4.25
10 Day Low3.46
20 Day High4.75
20 Day Low3.46
52 Week High14.92
52 Week Low2.76
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.08M
Volume Incr-41.39%
Vol(5)3.98M
Vol(50)5.97M