Cannabis One Holdings Inc. (CBIS.CA) Stock Technical Analysis
Canada - Canadian Securities Exchange - CNSX:CBIS -
Overall CBIS gets a technical rating of 1 out of 10. CBIS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
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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.
When analyzing the resistance we notice one important 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.
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. |
CNSX:CBIS (8/21/2020, 5:00:00 PM)
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Cannabis One Holdings Inc. / CBIS.CA 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 current trend direction of Cannabis One Holdings Inc. (CBIS.CA) stock?
The current trend direction for Cannabis One Holdings Inc. (CBIS.CA) is Bearish.
What is the RSI signal for Cannabis One Holdings Inc. (CBIS.CA) stock?
Cannabis One Holdings Inc. (CBIS.CA) has an RSI value of 54.5603. This indicates that the stock is currently neutral.
What is the short term momentum for CBIS stock?
The short term momentum for Cannabis One Holdings Inc. (CBIS.CA) is neutral.
What are the support and resistance levels for Cannabis One Holdings Inc. (CBIS.CA) stock?
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.