Technical Analysis for CGC - Canopy Growth Corporation

Grade Last Price % Change Price Change
C 8.53 -0.70% -0.06
CGC closed down 0.7 percent on Friday, May 31, 2024, on 28 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Earnings Movers Other 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -0.70%
50 DMA Resistance Bearish -0.70%
Shooting Star Candlestick Bearish -0.70%

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Profile

Canopy Growth Corporation Description

Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates eight cannabis production sites with over 2.4 million square feet of production capacity, including over 500,000 square feet of GMP-certified production space. The Company has operations in seven countries across four continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Medicine Alcohol Cannabis Genetics Clinical Research Medicinal Plants Herbalism Medical Cannabis Hemp Cannabis In Canada Healthcare Practitioners Softgel

Is CGC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 19.2
52 Week Low 2.755
Average Volume 20,105,744
200-Day Moving Average 6.45
50-Day Moving Average 8.99
20-Day Moving Average 9.51
10-Day Moving Average 9.29
Average True Range 1.19
RSI (14) 45.36
ADX 33.36
+DI 26.58
-DI 17.70
Chandelier Exit (Long, 3 ATRs) 10.53
Chandelier Exit (Short, 3 ATRs) 11.77
Upper Bollinger Bands 10.95
Lower Bollinger Band 8.08
Percent B (%b) 0.16
BandWidth 30.21
MACD Line -0.05
MACD Signal Line 0.22
MACD Histogram -0.2722
Fundamentals Value
Market Cap 777.2 Million
Num Shares 91.1 Million
EPS -15.82
Price-to-Earnings (P/E) Ratio -0.54
Price-to-Sales 1.02
Price-to-Book 0.93
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.26
Resistance 3 (R3) 9.29 9.06 9.14
Resistance 2 (R2) 9.06 8.88 9.05 9.10
Resistance 1 (R1) 8.80 8.76 8.69 8.77 9.06
Pivot Point 8.57 8.57 8.52 8.56 8.57
Support 1 (S1) 8.31 8.39 8.20 8.29 8.00
Support 2 (S2) 8.08 8.27 8.07 7.96
Support 3 (S3) 7.82 8.08 7.92
Support 4 (S4) 7.80