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 4 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.
92% 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 84% are performing better than WEED.
WEED is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WEED is lagging the market.
In the last month WEED has a been trading in the 1.70 - 2.75 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
WEED has an average volume of 1778950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.48
2.73
When analyzing the resistance we notice one important area.
- Resistance @2.70 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 | 8.09 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 91.91% 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) | 66.18 | NEUTRAL | The RSI value for WEED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WEED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.9 | OVERBOUGHT | The high Stochastics value suggests WEED.CA may be overbought. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.85 | 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 (5/23/2025, 7:00:00 PM)
2.51
-0.18 (-6.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-6.69%
1 Week32.8%
2 Weeks34.95%
1 Month21.26%
3 Month8.66%
6 Month-54.2%
12 Month-79.95%
2 Year-77.79%
3 Year-96.03%
5 Year-98.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.77%
ATR Inc48.49%
Range Today0.21
ADR(20)0.19
ADR(20)%7.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.09
Mansfield-5.38
10 Day High2.75
10 Day Low1.82
20 Day High2.75
20 Day Low1.7
52 Week High13.7
52 Week Low1.09
CS1 EndN/A
CR1 Start2.7
Volume & EV
DER(3)-3.93%
DER(5)0.74%
Volume3.21M
Volume Incr87.98%
Vol(5)3.79M
Vol(50)1.78M