1.32 USD
-0.16 (-10.81%)
1.3099 USD
-0.01 (-0.77%)
Taking everything into account, CGC scores 3 out of 10 in our technical rating. CGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
89% of all other stocks performed better in the past year than CGC.
CGC is one of the lesser performing stocks in the Pharmaceuticals industry. 69% of 192 stocks in the same industry do better.
CGC 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.
In the last month CGC has a been trading in the 1.09 - 2.38 range, which is quite wide. It is currently trading near the lows of this range.
CGC has an average volume of 34268200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Volume is considerably higher in the last couple of days.
The technical rating of CGC 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.
More info and screens
1.01
1.95
When analyzing the support we can see 4 important areas.
- Support @1.16 from a trend line in the daily time frame.
- Support @1.10 from a trend line in the weekly time frame.
- Support @1.05 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.83 from a horizontal line in the weekly time frame.
- Resistance @1.88 from a horizontal line in the daily time frame.
- Resistance @1.93 from a horizontal 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 CGC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGC is neutral. |
| ChartMill Relative Strength | 11.91 | NEGATIVE | CGC has a low relative strength, it was outperformed by 88.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.71 | NEUTRAL | The RSI value for CGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CGC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.52 | NEUTRAL | The Stochastics value for CGC is a neutral value. |
| Average True Range in percent/ATR (20) | 15.48 | HIGH VOLATILITY | The high ATR as a percentage value for CGC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for CGC 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)
1.32
-0.16 (-10.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-10.81%
1 Week-20.48%
2 Weeks21.1%
1 Month18.92%
3 Month-1.49%
6 Month8.2%
12 Month-52.52%
2 Year-74.17%
3 Year-94.29%
5 Year-99.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%15.48%
ATR Inc16.4%
Range Today0.16
ADR(20)0.19
ADR(20)%14.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.91
3 months CRS38.67
6 months CRS61.17
Mansfield-1.71
10 Day High2.38
10 Day Low1.09
20 Day High2.38
20 Day Low1.09
52 Week High3.07
52 Week Low0.77
CS1 End1.16
CR1 Start1.33
Volume & EV
DER(3)-4.95%
DER(5)-4.09%
Volume40.77M
Volume Incr253.35%
Vol(5)112.70M
Vol(50)34.27M
CANOPY GROWTH CORP / CGC FAQ
Can you provide the ChartMill technical rating for CANOPY GROWTH CORP?
ChartMill assigns a technical rating of 3 / 10 to CGC.
Can you provide the trend direction for CANOPY GROWTH CORP?
The current trend direction for CANOPY GROWTH CORP (CGC) is Bearish.
What is the RSI signal for CANOPY GROWTH CORP (CGC) stock?
CANOPY GROWTH CORP (CGC) has an RSI value of 48.7072. This indicates that the stock is currently neutral.
What is the short term momentum for CANOPY GROWTH CORP (CGC) stock?
The short term momentum for CANOPY GROWTH CORP (CGC) is neutral.