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CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis

TSX:WEED - Toronto Stock Exchange - CA1380357048 - Common Stock - Currency: CAD

2.31  +0.04 (+1.76%)

Technical Rating and Analysis

0

Overall WEED gets a technical rating of 0 out of 10. WEED'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.
98% of all other stocks performed better in the past year than WEED.
WEED is part of the Pharmaceuticals industry. There are 34 other stocks in this industry, of which 103% are performing better than WEED.
WEED 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 WEED has a been trading in the 2.25 - 4.15 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.
WEED has an average volume of 1662950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
CANOPY GROWTH CORP / WEED Weekly stock chart
CANOPY GROWTH CORP / WEED Daily stock chart
Setup Rating and Analysis

3

The technical rating of WEED 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

2.29

4.56

3 important resistance areas can be observed.

  • Resistance @3.38 from a trend line in the daily time frame.
  • A resistance zone ranging from 3.63 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.51 from a trend line in the weekly 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
CRS2.14
Mansfield-7.18
10 Day High3.33
10 Day Low2.25
20 Day High4.15
20 Day Low2.25
52 Week High20.5
52 Week Low2.25
Performance
1 Week-13.81%
2 Weeks-42.11%
1 Month-26.9%
3 Month-57.85%
6 Month-72.5%
12 Month-49.34%
2 Year-92.71%
3 Year-97.44%
5 Year-99.08%
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)-0.03
RSI(14)33.98
LBB1.84
UBB3.74
CANOPY GROWTH CORP / WEED Daily stock chart

CANOPY GROWTH CORP

TSX:WEED (2/21/2025, 7:00:00 PM)

2.31

+0.04 (+1.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.76%
1 Week-13.81%
2 Weeks-42.11%
1 Month-26.9%
3 Month-57.85%
6 Month-72.5%
12 Month-49.34%
2 Year-92.71%
3 Year-97.44%
5 Year-99.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%12.74%
ATR Inc-57.19%
Range Today0.19
ADR(20)0.24
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
CRS2.14
Mansfield-7.18
10 Day High3.33
10 Day Low2.25
20 Day High4.15
20 Day Low2.25
52 Week High20.5
52 Week Low2.25
CS1 EndN/A
CR1 Start3.38
Volume & EV
DER(3)-3.26%
DER(5)-2.72%
Volume1.33M
Volume Incr-44.02%
Vol(5)1.16M
Vol(50)1.66M