1.16 USD
+0.05 (+4.5%)
1.17 USD
+0.01 (+0.86%)
We assign a technical rating of 1 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CGC is a bad performer in the overall market: 95% of all stocks are doing better.
CGC is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 82% are performing better than CGC.
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.
CGC has an average volume of 24068600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CGC has a been trading in the 1.00 - 1.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CGC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
1.00
1.95
4 important support areas can be observed.
- Support @1.16 from a trend line in the daily time frame.
- Support @1.08 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 1.01 to 1.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.35 from a trend line in the daily time frame.
- Resistance @1.83 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CGC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGC is neutral. |
| ChartMill Relative Strength | 5.73 | NEGATIVE | CGC has a low relative strength, it was outperformed by 94.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGC is above the rising 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) | 48.69 | NEUTRAL | The RSI value for CGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGC has a positive trend. |
| Stochastics (14,3) | 54.4 | NEUTRAL | The Stochastics value for CGC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for CGC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.63 | NEGATIVE | The low ADX value for CGC suggests a weak or negative 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)
1.16
+0.05 (+4.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg4.5%
1 Week-2.52%
2 Weeks8.41%
1 Month2.65%
3 Month-20.55%
6 Month-31.76%
12 Month-67.78%
2 Year-77.3%
3 Year-94.98%
5 Year-99.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.26%
ATR Inc29.02%
Range Today0.11
ADR(20)0.08
ADR(20)%6.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.73
3 months CRS11.8
6 months CRS9.04
Mansfield-3.16
10 Day High1.24
10 Day Low1
20 Day High1.29
20 Day Low1
52 Week High3.82
52 Week Low0.77
CS1 End1.16
CR1 Start1.22
Volume & EV
DER(3)1.95%
DER(5)0.26%
Volume20.62M
Volume Incr-26.73%
Vol(5)16.38M
Vol(50)24.07M
CANOPY GROWTH CORP / CGC FAQ
Can you provide the ChartMill technical rating for CANOPY GROWTH CORP?
ChartMill assigns a technical rating of 1 / 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 48.6902. 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.