CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis
TSX:WEED - Toronto Stock Exchange - CA1380357048 - Common Stock - Currency: CAD
Taking everything into account, WEED scores 0 out of 10 in our technical rating. 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.
94% of all other stocks performed better in the past year than WEED.
WEED is part of the Pharmaceuticals industry. There are 35 other stocks in this industry, of which 85% are performing better than WEED.
WEED 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.
In the last month WEED has a been trading in the 1.54 - 2.09 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
WEED has an average volume of 2182510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of WEED 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
1.54
2.08
3 important resistance areas can be observed.
- A resistance zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.79 from a trend line in the daily time frame.
- Resistance @2.06 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 WEED.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEED.CA is down. |
| ChartMill Relative Strength | 6.38 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 93.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEED.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEED.CA is below a declining 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) | 38.71 | NEUTRAL | The RSI value for WEED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WEED.CA has a negative trend. |
| Stochastics (14,3) | 29.81 | NEUTRAL | The Stochastics value for WEED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for WEED.CA 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)
TSX:WEED (7/11/2025, 7:00:00 PM)
1.56
-0.07 (-4.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.29%
1 Week-11.36%
2 Weeks-9.3%
1 Month-26.07%
3 Month20.46%
6 Month-55.68%
12 Month-82.41%
2 Year-76%
3 Year-95.4%
5 Year-99.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.7%
ATR Inc74.3%
Range Today0.09
ADR(20)0.1
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.38
Mansfield-6.62
10 Day High1.82
10 Day Low1.54
20 Day High2.09
20 Day Low1.54
52 Week High11.89
52 Week Low1.09
CS1 EndN/A
CR1 Start1.76
Volume & EV
DER(3)-0.87%
DER(5)-1.33%
Volume3.15M
Volume Incr98.65%
Vol(5)3.56M
Vol(50)2.18M