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DELTA 9 CANNABIS INC (DN.CA) Stock Technical Analysis

Canada - TSX:DN - CA2477541049 - Common Stock

0.01 CAD
0 (0%)
Last: 7/15/2024, 7:00:00 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to DN. DN'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than DN.
DN is one of the lesser performing stocks in the Pharmaceuticals industry. 103% of 31 stocks in the same industry do better.
DN 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
In the last month DN has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
DELTA 9 CANNABIS INC / DN Weekly stock chart
DELTA 9 CANNABIS INC / DN Daily stock chart
Setup Rating and Analysis

5

DN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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Support and Resistance Analysis

0.01

0.02

2 important resistance areas can be observed.

  • A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for DN.CA is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for DN.CA is down.
ChartMill Relative Strength0.77NEGATIVEDN.CA has a low relative strength, it was outperformed by 99.23% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of DN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of DN.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of DN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)43.27NEUTRALThe RSI value for DN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests DN.CA has a positive trend.
Stochastics (14,3)33.33NEUTRALThe Stochastics value for DN.CA is a neutral value.
Average True Range in percent/ATR (20)36.25HIGH VOLATILITYThe high ATR as a percentage value for DN.CA suggests high volalility.
Average Directional Index/ADX (14)50.23POSITIVEThe high ADX value value for DN.CA suggests a strong trend.
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)

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DELTA 9 CANNABIS INC / DN Daily stock chart

DELTA 9 CANNABIS INC

TSX:DN (7/15/2024, 7:00:00 PM)

0.01

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-33.33%
2 Weeks-33.33%
1 Month-33.33%
3 Month-60%
6 Month-60%
12 Month-84.62%
2 Year-93.94%
3 Year-97.5%
5 Year-98.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%36.25%
ATR Inc-44%
Range Today0
ADR(20)0
ADR(20)%33.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.77
3 months CRSN/A
6 months CRSN/A
Mansfield-7.25
10 Day High0.02
10 Day Low0.01
20 Day High0.02
20 Day Low0.01
52 Week High0.07
52 Week Low0.01
CS1 EndN/A
CR1 Start0.01
Volume & EV
DER(3)1.84%
DER(5)-27.95%
Volume1.07M
Volume Incr193.85%
Vol(5)1.67M
Vol(50)897.39K

DELTA 9 CANNABIS INC / DN.CA FAQ

What is the technical rating for DN stock?

ChartMill assigns a technical rating of 0 / 10 to DN.CA.


What is the current trend direction of DELTA 9 CANNABIS INC (DN.CA) stock?

The current trend direction for DELTA 9 CANNABIS INC (DN.CA) is Bearish.


What is the RSI signal for DN stock?

DELTA 9 CANNABIS INC (DN.CA) has an RSI value of 43.2712. This indicates that the stock is currently neutral.


What is the short term momentum for DN stock?

The short term momentum for DELTA 9 CANNABIS INC (DN.CA) is negative.


Can you provide the buy/sell signal for DELTA 9 CANNABIS INC?

The buy/sell signal for DELTA 9 CANNABIS INC (DN.CA) is sell as both the short term and long term trends are negative.