CANOPY GROWTH CORP (WEED-DB.CA) Stock Technical Analysis
TSX:WEED-DB - Toronto Stock Exchange - CA138035AC47 - Currency: CAD
Taking everything into account, WEED-DB scores 3 out of 10 in our technical rating. In the last year, WEED-DB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, WEED-DB is a bad performer in the overall market: 100% of all stocks are doing better.
WEED-DB is part of the Pharmaceuticals industry. There are 35 other stocks in this industry, of which 100% are performing better than WEED-DB.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month WEED-DB has a been trading in the 25.00 - 55.03 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of WEED-DB is bad and it also does not present a quality setup 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
54.48
55.59
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.04 to 55.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WEED-DB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEED-DB.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | WEED-DB.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WEED-DB.CA is above a declining SMA(20). |
| Relative Strength Index/RSI (14) | 50.89 | NEUTRAL | The RSI value for WEED-DB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.99 | POSITIVE | The MACD value suggests WEED-DB.CA has a positive trend. |
| Stochastics (14,3) | 94.46 | OVERBOUGHT | The high Stochastics value suggests WEED-DB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 11.27 | HIGH VOLATILITY | The high ATR as a percentage value for WEED-DB.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for WEED-DB.CA suggests a strong 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)
TSX:WEED-DB (4/24/2025, 7:00:00 PM)
55.03
+0.03 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.05%
1 Week10.06%
2 Weeks83.13%
1 Month-20.25%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.36
ATR(20)%11.27%
ATR Inc-56.07%
Range Today0
ADR(20)0.25
ADR(20)%0.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High55.03
10 Day Low30
20 Day High55.03
20 Day Low25
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start55.04
Volume & EV
DER(3)0%
DER(5)0%
Volume8.03K
Volume Incr79.44%
Vol(5)12.96K
Vol(50)N/A