CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:WEED - CA1380357048 - Common Stock
Taking everything into account, WEED scores 0 out of 10 in our technical rating. WEED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 95% 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 81% 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.
- In the last month WEED has a been trading in the 1.55 - 1.84 range, which is quite wide. It is currently trading near the lows of this range.
- WEED has an average volume of 4651620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, WEED does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WEED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.56 to 1.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.43 to 1.45. 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 5 important resistance areas.
- A resistance zone ranging from 1.64 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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 | 5.72 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 94.28% 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) | UP | MIXED | The current price of WEED.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.28 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for WEED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for WEED.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 8.65 | NEGATIVE | The low ADX value for WEED.CA suggests a weak or negative trend. |
TSX:WEED (1/26/2026, 7:00:00 PM)
1.61
-0.04 (-2.42%)
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 44.2818. 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 -0.00657407, 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.