AVICANNA INC (AVCN.CA) Stock Technical Analysis
TSX:AVCN - CA05368K1003 - Common Stock
0.275 CAD
-0.01 (-1.79%)
We assign a technical rating of 5 out of 10 to AVCN. In the last year, AVCN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, AVCN is a bad performer in the overall market: 88% of all stocks are doing better.
AVCN is one of the lesser performing stocks in the Pharmaceuticals industry. 72% of 34 stocks in the same industry do better.
AVCN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month AVCN has a been trading in the 0.27 - 0.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, AVCN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.28. Right above this resistance zone may be a good entry point. 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
0.23
0.35
4 important support areas can be observed.
- 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.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @0.35 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for AVCN.CA is neutral. |
| ChartMill Relative Strength | 12.78 | NEGATIVE | AVCN.CA has a low relative strength, it was outperformed by 87.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVCN.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVCN.CA is above the rising 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) | 51.25 | NEUTRAL | The RSI value for AVCN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AVCN.CA has a negative trend. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for AVCN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for AVCN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | 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 (8/27/2025, 7:00:00 PM)
0.275
-0.01 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.79%
1 Week0%
2 Weeks-3.51%
1 Month1.85%
3 Month1.85%
6 Month-12.7%
12 Month-28.57%
2 Year-36.05%
3 Year-28.57%
5 Year-82.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%3.45%
ATR Inc0%
Range Today0.01
ADR(20)0.01
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.78
Mansfield-1.49
10 Day High0.28
10 Day Low0.27
20 Day High0.3
20 Day Low0.27
52 Week High0.45
52 Week Low0.21
CS1 End0.27
CR1 Start0.28
Volume & EV
DER(3)76.39%
DER(5)97.06%
Volume134.01K
Volume Incr20.69%
Vol(5)81.79K
Vol(50)69.84K