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CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis

Canada - Toronto Stock Exchange - TSX:WEED - CA1380357048 - Common Stock

1.64 CAD
-0.01 (-0.61%)
Last: 1/6/2026, 7:00:00 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to WEED. WEED'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than WEED.
WEED is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 32 stocks in the same industry do better.
WEED 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.
In the last month WEED has a been trading in the 1.52 - 3.28 range, which is quite wide. It is currently trading near the lows of this range.
WEED has an average volume of 4565930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Weekly and Daily overview Charts
CANOPY GROWTH CORP / WEED Weekly stock chart
CANOPY GROWTH CORP / WEED Daily stock chart
Setup Rating and Analysis

4

WEED 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.

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Support and Resistance Analysis

1.39

2.72

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 1.57 to 1.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1.49 from a trend line in the daily time frame.
  • A support zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1.40 from a horizontal line in the daily time frame.

We can see 6 important resistance areas.

  • A resistance zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 1.79 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Resistance @1.98 from a trend line in the weekly time frame.
  • Resistance @2.51 from a horizontal line in the weekly time frame.
  • Resistance @2.58 from a horizontal line in the daily time frame.
  • Resistance @2.69 from a horizontal line in the daily time frame.

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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 WEED.CA is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for WEED.CA is down.
ChartMill Relative Strength4.34NEGATIVEWEED.CA has a low relative strength, it was outperformed by 95.66% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of WEED.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of WEED.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPMIXEDThe current price of WEED.CA is below the rising SMA(200).
Relative Strength Index/RSI (14)44.74NEUTRALThe RSI value for WEED.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests WEED.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)5.39OVERSOLDThe low Stochastics value suggests WEED.CA may be oversold.
Average True Range in percent/ATR (20)16.8HIGH VOLATILITYThe high ATR as a percentage value for WEED.CA suggests high volalility.
Average Directional Index/ADX (14)15.78NEGATIVEThe low ADX value for WEED.CA suggests a weak or negative 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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CANOPY GROWTH CORP / WEED Daily stock chart

CANOPY GROWTH CORP

TSX:WEED (1/6/2026, 7:00:00 PM)

1.64

-0.01 (-0.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.61%
1 Week-0.61%
2 Weeks-29.31%
1 Month-2.38%
3 Month-14.58%
6 Month5.13%
12 Month-53.41%
2 Year-74.05%
3 Year-95.93%
5 Year-99.68%
10 Year-93.88%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%16.8%
ATR Inc-76.25%
Range Today0.08
ADR(20)0.26
ADR(20)%15.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.34
3 months CRS14.21
6 months CRS42.11
Mansfield-2.38
10 Day High2.54
10 Day Low1.55
20 Day High3.28
20 Day Low1.52
52 Week High4.15
52 Week Low1.09
CS1 End1.57
CR1 Start1.65
Volume & EV
DER(3)-0.25%
DER(5)-6.67%
Volume3.01M
Volume Incr-50.86%
Vol(5)3.85M
Vol(50)4.57M

CANOPY GROWTH CORP / WEED.CA FAQ

Can you provide the ChartMill technical rating for CANOPY GROWTH CORP?

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


Can you provide the trend direction for CANOPY GROWTH CORP?

The current trend direction for CANOPY GROWTH CORP (WEED.CA) is Bearish.


What is the RSI signal for CANOPY GROWTH CORP (WEED.CA) stock?

CANOPY GROWTH CORP (WEED.CA) has an RSI value of 44.7367. This indicates that the stock is currently neutral.


What is the MACD signal for WEED stock?

The MACD indicator for CANOPY GROWTH CORP (WEED.CA) has a value of -0.0558608, indicating a bearish trend.


What is the buy/sell signal for WEED stock?

The buy/sell signal for CANOPY GROWTH CORP (WEED.CA) is sell as both the short term and long term trends are negative.