AVICANNA INC (AVCN.CA) Stock Technical Analysis
TSX:AVCN - Toronto Stock Exchange - CA05368K1003 - Common Stock - Currency: CAD
Taking everything into account, AVCN scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AVCN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, AVCN is a bad performer in the overall market: 62% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AVCN is part of the Pharmaceuticals industry. There are 35 other stocks in this industry, AVCN did better than 64% of them.
AVCN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVCN is lagging the market.
In the last month AVCN has a been trading in the 0.24 - 0.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AVCN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for AVCN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.24
0.37
We found 4 important support areas.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- Resistance @0.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.30 from a trend line in the weekly time frame.
- Resistance @0.31 from a trend line in the weekly time frame.
- Resistance @0.36 from a trend line in the daily time frame.
- Resistance @0.37 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AVCN.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVCN.CA is up. |
| ChartMill Relative Strength | 38.86 | NEUTRAL | AVCN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVCN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVCN.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVCN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.92 | NEUTRAL | The RSI value for AVCN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVCN.CA has a positive trend. |
| Stochastics (14,3) | 53.66 | NEUTRAL | The Stochastics value for AVCN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for AVCN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for AVCN.CA suggests a possible start of a new trend. |
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)
TSX:AVCN (8/1/2025, 7:00:00 PM)
0.28
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-1.75%
2 Weeks12%
1 Month9.8%
3 Month19.15%
6 Month7.69%
12 Month-11.11%
2 Year-34.88%
3 Year-27.27%
5 Year-82.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.71%
ATR Inc-73.08%
Range Today0
ADR(20)0.01
ADR(20)%5.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.86
Mansfield-1.28
10 Day High0.31
10 Day Low0.26
20 Day High0.31
20 Day Low0.24
52 Week High0.45
52 Week Low0.21
CS1 End0.28
CR1 Start0.28
Volume & EV
DER(3)516.68%
DER(5)564.99%
Volume21.30K
Volume Incr-77.84%
Vol(5)21.85K
Vol(50)69.97K