Taking everything into account, CGC scores 0 out of 10 in our technical rating. CGC'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.
Although the technical rating is bad, CGC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
1.01
3 important support areas can be observed.
6 important resistance areas can be observed.
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 CGC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGC is down. |
| ChartMill Relative Strength | 14.96 | NEGATIVE | CGC has a low relative strength, it was outperformed by 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.6 | NEUTRAL | The RSI value for CGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests CGC may be oversold. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for CGC suggests some volalility. |
| Average Directional Index/ADX (14) | 7.3 | NEGATIVE | The low ADX value for CGC suggests a weak or negative trend. |
1.09
0 (0%)
ChartMill assigns a technical rating of 0 / 10 to CGC.
The current trend direction for CANOPY GROWTH CORP (CGC) is Bearish.
CANOPY GROWTH CORP (CGC) has an RSI value of 41.5959. This indicates that the stock is currently neutral.
The short term momentum for CANOPY GROWTH CORP (CGC) is negative.
The buy/sell signal for CANOPY GROWTH CORP (CGC) is sell as both the short term and long term trends are negative.