CANOPY GROWTH CORP (CGC) Stock Technical Analysis
NASDAQ:CGC - Nasdaq - CA1380357048 - Common Stock - Currency: USD
Taking everything into account, CGC scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CGC is a bad performer in the overall market: 98% of all stocks are doing better.
CGC is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 80% are performing better than CGC.
CGC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CGC has a been trading in the 1.58 - 2.90 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 7276020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
1.59
3.04
When analyzing the resistance we notice 3 important areas.
- Resistance @2.36 from a trend line in the daily time frame.
- A resistance zone ranging from 2.49 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.01 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.98
Mansfield-7.34
10 Day High2.9
10 Day Low1.58
20 Day High2.9
20 Day Low1.58
52 Week High14.92
52 Week Low1.58
Performance
1 Week-10.06%
2 Weeks-36.36%
1 Month-27.8%
3 Month-58.72%
6 Month-74.07%
12 Month-52.08%
2 Year-93%
3 Year-97.74%
5 Year-99.14%
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)33.53
LBB1.36
UBB2.6
1.61
-0.06 (-3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.59%
1 Week-10.06%
2 Weeks-36.36%
1 Month-27.8%
3 Month-58.72%
6 Month-74.07%
12 Month-52.08%
2 Year-93%
3 Year-97.74%
5 Year-99.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%12.72%
ATR Inc-65.72%
Range Today0.09
ADR(20)0.17
ADR(20)%10.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.98
Mansfield-7.34
10 Day High2.9
10 Day Low1.58
20 Day High2.9
20 Day Low1.58
52 Week High14.92
52 Week Low1.58
CS1 EndN/A
CR1 Start2.36
Volume & EV
DER(3)-8.94%
DER(5)-7.24%
Volume6.65M
Volume Incr-15.07%
Vol(5)7.82M
Vol(50)7.28M