CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis
TSX:WEED - CA1380357048 - Common Stock
1.93 CAD
-0.08 (-3.98%)
Taking everything into account, WEED scores 4 out of 10 in our technical rating. WEED performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, WEED is a bad performer in the overall market: 97% of all stocks are doing better.
WEED is part of the Pharmaceuticals industry. There are 35 other stocks in this industry, of which 94% 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 4087760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month WEED has a been trading in the 1.61 - 2.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, WEED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.92, a Stop Loss order could be placed below this zone.
More info and screens
1.48
2.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.87 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.52 from a trend line in the weekly time frame.
- Support @1.49 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.50 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 | NEUTRAL | NEUTRAL | The long term trend for WEED.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEED.CA is neutral. |
| ChartMill Relative Strength | 3.95 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 96.05% 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) | 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) | 50.18 | NEUTRAL | The RSI value for WEED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WEED.CA has a negative trend. |
| Stochastics (14,3) | 31.41 | NEUTRAL | The Stochastics value for WEED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.18 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for WEED.CA suggests a possible start of a new 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 (9/10/2025, 7:00:00 PM)
1.93
-0.08 (-3.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.98%
1 Week0.52%
2 Weeks-5.85%
1 Month-9.81%
3 Month-5.39%
6 Month22.93%
12 Month-70.35%
2 Year-81.62%
3 Year-94.85%
5 Year-98.99%
10 Year-88.09%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%11.18%
ATR Inc-33.98%
Range Today0.11
ADR(20)0.2
ADR(20)%10.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.95
Mansfield-4.36
10 Day High2.65
10 Day Low1.82
20 Day High2.65
20 Day Low1.61
52 Week High8.05
52 Week Low1.09
CS1 End1.92
CR1 Start2.5
Volume & EV
DER(3)-0.18%
DER(5)2.76%
Volume2.03M
Volume Incr-51.11%
Vol(5)3.32M
Vol(50)4.09M