CANOPY GROWTH CORP (WEED.CA) Technical Analysis
TSX:WEED • CA1380357048
Current stock price
WEED.CA Technical Rating and Analysis
Overall WEED gets a technical rating of 5 out of 10. In the past year, WEED was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 87% of all other stocks performed better in the past year than WEED.
- WEED is one of the lesser performing stocks in the Pharmaceuticals industry. 66% of 31 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month WEED has a been trading in the 1.18 - 1.66 range, which is quite wide. It is currently trading near the high of this range.
- WEED has an average volume of 1731210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
WEED.CA Weekly and Daily overview Charts
WEED.CA Setup Rating and Analysis
WEED has an average technical rating and the quality of the presented setup is also not ideal 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
WEED.CA Support and Resistance Analysis
1.49
We found 1 important support area.
- A support zone ranging from 1.51 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.58 from a horizontal line in the weekly time frame.
- Resistance @1.65 from a horizontal line in the daily time frame.
- Resistance @2.33 from a trend line in the weekly time frame.
- Resistance @2.58 from a horizontal line in the daily time frame.
WEED.CA 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for WEED.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WEED.CA is up. |
| ChartMill Relative Strength | 13.12 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 86.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEED.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WEED.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEED.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for WEED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WEED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.91 | OVERBOUGHT | The high Stochastics value suggests WEED.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for WEED.CA suggests a possible start of a new trend. |
WEED.CA Chart- and CandleStick Pattern Analysis
WEED.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:WEED (4/21/2026, 7:00:00 PM)
1.56
-0.09 (-5.45%)
CANOPY GROWTH CORP / WEED.CA TA FAQ
Can you provide the ChartMill technical rating for CANOPY GROWTH CORP?
ChartMill assigns a technical rating of 5 / 10 to WEED.CA.
What is the current trend direction of CANOPY GROWTH CORP (WEED.CA) stock?
The current trend direction for CANOPY GROWTH CORP (WEED.CA) is Bearish.
Can you provide the RSI signal for CANOPY GROWTH CORP?
CANOPY GROWTH CORP (WEED.CA) has an RSI value of 56.933. This indicates that the stock is currently neutral.
What is the short term momentum for CANOPY GROWTH CORP (WEED.CA) stock?
The short term momentum for CANOPY GROWTH CORP (WEED.CA) is positive.
What are the support and resistance levels for CANOPY GROWTH CORP (WEED.CA) stock?
CANOPY GROWTH CORP (WEED.CA) has a support level at 1.55 and a resistance level at 1.58. Check the full technical report for our detailed analysis of WEED.CA support and resistance levels.