CANOPY GROWTH CORP (CGC) Technical Analysis
NASDAQ:CGC • CA1380357048
Current stock price
0.9731 USD
+0.01 (+1.5%)
At close:
0.97 USD
0 (-0.32%)
After Hours:
CGC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CGC. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CGC is a bad performer in the overall market: 77% of all stocks are doing better.
- CGC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CGC is lagging the market.
- CGC has an average volume of 10277600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CGC is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, CGC did better than 49% of them.
- In the last month CGC has a been trading in the 0.89 - 1.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGC Weekly and Daily overview Charts
CGC Setup Rating and Analysis
CGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
CGC Support and Resistance Analysis
0.96
1.90
We can see 4 important resistance areas.
- Resistance @1.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.69 from a trend line in the weekly time frame.
- Resistance @1.88 from a horizontal line in the daily time frame.
CGC 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 CGC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGC is down. |
| ChartMill Relative Strength | 23.36 | NEGATIVE | CGC has a low relative strength, it was outperformed by 76.64% 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) | 38.43 | NEUTRAL | The RSI value for CGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.15 | NEUTRAL | The Stochastics value for CGC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for CGC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.86 | NEGATIVE | The low ADX value for CGC suggests a weak or negative trend. |
CGC Chart- and CandleStick Pattern Analysis
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)
CGC Technicals: Chart, Performance Metrics, Trend & Indicators
0.9731
+0.01 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.5%
1 Week-4.6%
2 Weeks-9.06%
1 Month-16.83%
3 Month-18.23%
6 Month-27.38%
12 Month-1.27%
2 Year-88.72%
3 Year-94.44%
5 Year-99.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.72%
ATR Inc13.35%
Range Today0.08
ADR(20)0.05
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.36
3 months CRS19.4
6 months CRS18.26
Mansfield-2.51
10 Day High1.1
10 Day Low0.89
20 Day High1.17
20 Day Low0.89
52 Week High2.38
52 Week Low0.77
CS1 EndN/A
CR1 Start1.07
Volume & EV
DER(3)1.06%
DER(5)-0.45%
Volume3.83M
Volume Incr1.68%
Vol(5)8.26M
Vol(50)10.28M
CANOPY GROWTH CORP / CGC TA FAQ
Can you provide the ChartMill technical rating for CANOPY GROWTH CORP?
ChartMill assigns a technical rating of 0 / 10 to CGC.
What is the current trend direction of CANOPY GROWTH CORP (CGC) stock?
The current trend direction for CANOPY GROWTH CORP (CGC) is Bearish.
What is the RSI signal for CGC stock?
CANOPY GROWTH CORP (CGC) has an RSI value of 38.4282. 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 negative.
What is the buy/sell signal for CGC stock?
The buy/sell signal for CANOPY GROWTH CORP (CGC) is sell as both the short term and long term trends are negative.