CANOPY GROWTH CORP (WEED.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:WEED - CA1380357048 - Common Stock
Overall WEED gets a technical rating of 0 out of 10. 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.
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
1.42
When analyzing the support we can see 2 important areas.
- Support @1.56 from a trend line in the daily time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.76 to 1.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.01 from a trend line in the daily time frame.
- Resistance @2.51 from a horizontal line in the weekly 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 | 3.27 | NEGATIVE | WEED.CA has a low relative strength, it was outperformed by 96.73% 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) | 43.76 | 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) | 16.58 | OVERSOLD | The low Stochastics value suggests WEED.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for WEED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.62 | NEGATIVE | The low ADX value for WEED.CA suggests a weak or negative trend. |
TSX:WEED (11/21/2025, 7:00:00 PM)
1.56
+0.12 (+8.33%)
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.
What is the trend direction for WEED stock?
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 43.7566. This indicates that the stock is currently neutral.
What is the buy/sell signal for CANOPY GROWTH CORP (WEED.CA) stock?
The buy/sell signal for CANOPY GROWTH CORP (WEED.CA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CANOPY GROWTH CORP?
CANOPY GROWTH CORP (WEED.CA) has a support level at 1.56 and a resistance level at 1.76. Check the full technical report for our detailed analysis of WEED.CA support and resistance levels.