Cannabis One Holdings Inc. (CBIS.CA) Technical Analysis
CNSX:CBIS
Current stock price
CBIS.CA Technical Rating and Analysis
Taking everything into account, CBIS scores 1 out of 10 in our technical rating. CBIS'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CBIS is a bad performer in the overall market: 95% of all stocks are doing better.
- CBIS 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 CBIS has a been trading in the 0.06 - 0.11 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CBIS.CA Weekly and Daily overview Charts
CBIS.CA Setup Rating and Analysis
CBIS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for CBIS 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
CBIS.CA Support and Resistance Analysis
0.07
We found 4 important support areas.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.08 from a trend line in the weekly time frame.
- Support @0.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
CBIS.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CBIS.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBIS.CA is neutral. |
| ChartMill Relative Strength | 5.44 | NEGATIVE | CBIS.CA has a low relative strength, it was outperformed by 94.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBIS.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBIS.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBIS.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.56 | NEUTRAL | The RSI value for CBIS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CBIS.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests CBIS.CA may be overbought. |
| Average True Range in percent/ATR (20) | 12.38 | HIGH VOLATILITY | The high ATR as a percentage value for CBIS.CA suggests high volalility. |
CBIS.CA Chart- and CandleStick Pattern Analysis
CBIS.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:CBIS (8/21/2020, 5:00:00 PM)
0.105
0 (0%)
Cannabis One Holdings Inc. / CBIS.CA TA FAQ
Can you provide the ChartMill technical rating for Cannabis One Holdings Inc.?
ChartMill assigns a technical rating of 1 / 10 to CBIS.CA.
What is the trend direction for CBIS stock?
The current trend direction for Cannabis One Holdings Inc. (CBIS.CA) is Bearish.
Can you provide the RSI signal for Cannabis One Holdings Inc.?
Cannabis One Holdings Inc. (CBIS.CA) has an RSI value of 54.5603. This indicates that the stock is currently neutral.
What is the MACD signal for CBIS stock?
The MACD indicator for Cannabis One Holdings Inc. (CBIS.CA) has a value of 0.00334094, indicating a bearish trend.
Can you provide the support and resistance levels for Cannabis One Holdings Inc.?
Cannabis One Holdings Inc. (CBIS.CA) has a support level at 0.1 and a resistance level at 0.14. Check the full technical report for our detailed analysis of CBIS.CA support and resistance levels.