CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis
TSX:WEED - Toronto Stock Exchange - CA1380357048 - Common Stock - Currency: CAD
Overall WEED gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. WEED was also a bad performer in the overall market in the last year.
99% of all other stocks performed better in the past year than WEED.
WEED is part of the Pharmaceuticals industry. There are 34 other stocks in this industry, of which 100% are performing better than WEED.
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.
WEED has an average volume of 3159950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month WEED has a been trading in the 1.39 - 2.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
WEED has an average technical rating and it also does not offer a high 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
1.43
2.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.49 from a trend line in the weekly time frame.
- Support @1.44 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.21 from a trend line in the daily time frame.
- Resistance @2.31 from a horizontal 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 | UP | POSITIVE | The short term trend for WEED.CA is up. |
| ChartMill Relative Strength | 1.49 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 98.51% 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) | 55.13 | NEUTRAL | The RSI value for WEED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WEED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.07 | NEUTRAL | The Stochastics value for WEED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.62 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for WEED.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 (8/18/2025, 7:00:00 PM)
1.9
+0.1 (+5.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg5.56%
1 Week-12.84%
2 Weeks30.14%
1 Month27.52%
3 Month-24.3%
6 Month-17.75%
12 Month-77.38%
2 Year-75.32%
3 Year-96.09%
5 Year-99.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%9.62%
ATR Inc37.1%
Range Today0.17
ADR(20)0.16
ADR(20)%8.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.49
Mansfield-4.86
10 Day High2.47
10 Day Low1.41
20 Day High2.47
20 Day Low1.39
52 Week High8.45
52 Week Low1.09
CS1 End1.8
CR1 Start2.21
Volume & EV
DER(3)-7.54%
DER(5)-5.73%
Volume5.59M
Volume Incr206.23%
Vol(5)9.05M
Vol(50)3.16M