CANOPY GROWTH CORP (CGC) Stock Technical Analysis
NASDAQ:CGC - CA1380357048 - Common Stock
1.27 USD
+0.03 (+2.42%)
1.3099 USD
+0.04 (+3.14%)
We assign a technical rating of 1 out of 10 to CGC. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CGC is a bad performer in the overall market: 98% of all stocks are doing better.
CGC is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 193 stocks in the same industry do better.
CGC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CGC has an average volume of 14678300 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 1.01 - 1.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGC has a poor technical rating and the quality of the setup is also only medium 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
1.06
1.62
When analyzing the support we can see 2 important areas.
- Support @1.20 from a horizontal line in the daily time frame.
- A support zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @1.31 from a horizontal line in the weekly time frame.
- Resistance @1.54 from a trend line in the daily time frame.
- Resistance @1.60 from a trend 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 | 2.2 | NEGATIVE | CGC has a low relative strength, it was outperformed by 97.8% 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 | MIXED | The current price of CGC is above 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) | 50.58 | 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. |
| Stochastics (14,3) | 28.34 | NEUTRAL | The Stochastics value for CGC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.43 | HIGH VOLATILITY | The high ATR as a percentage value for CGC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.82 | 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)
1.27
+0.03 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.42%
1 Week-2.31%
2 Weeks1.6%
1 Month11.4%
3 Month-30.6%
6 Month-22.09%
12 Month-79.55%
2 Year-77.8%
3 Year-96.55%
5 Year-99.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%11.43%
ATR Inc-39.38%
Range Today0.1
ADR(20)0.13
ADR(20)%10.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.2
Mansfield-5.22
10 Day High1.81
10 Day Low1.15
20 Day High1.81
20 Day Low1.01
52 Week High6.27
52 Week Low0.77
CS1 End1.2
CR1 Start1.31
Volume & EV
DER(3)7.75%
DER(5)2.96%
Volume17.27M
Volume Incr-16.75%
Vol(5)17.56M
Vol(50)14.68M