Technical Analysis for CGC - Canopy Growth Corporation

Grade Last Price % Change Price Change
D 26.55 -2.28% -0.62
CGC closed down 2.28 percent on Thursday, April 22, 2021, on 47 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical CGC trend table...

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Support Bullish -2.28%
Lower Bollinger Band Walk Weakness -2.28%
Lower Bollinger Band Touch Weakness -2.28%
Oversold Stochastic Weakness -2.28%
Expansion Breakdown Bearish Swing Setup 3.87%
Below Lower BB Weakness 3.87%
Lower Bollinger Band Touch Weakness 3.87%
Older End-of-Day Signals for CGC ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakdown about 13 hours ago
Down 3% about 13 hours ago
10 DMA Resistance about 14 hours ago
60 Minute Opening Range Breakout about 16 hours ago
Down 2 % about 18 hours ago
View Earlier Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 Genetics Cannabis Clinical Research Medicinal Plants Herbalism Medical Cannabis Constellation Cannabis In Canada Hemp Cannabis Industry Shareholder Value Constellation Brands 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 56.4965
52 Week Low 12.95
Average Volume 5,148,230
200-Day Moving Average 25.18
50-Day Moving Average 33.02
20-Day Moving Average 29.36
10-Day Moving Average 27.42
Average True Range 1.76
ADX 31.69
+DI 11.79
-DI 27.92
Chandelier Exit (Long, 3 ATRs ) 28.39
Chandelier Exit (Short, 3 ATRs ) 30.39
Upper Bollinger Band 33.74
Lower Bollinger Band 24.98
Percent B (%b) 0.18
BandWidth 29.83
MACD Line -1.82
MACD Signal Line -1.69
MACD Histogram -0.132
Fundamentals Value
Market Cap 9.88 Billion
Num Shares 372 Million
EPS -1.79
Price-to-Earnings (P/E) Ratio -14.80
Price-to-Sales 27.85
Price-to-Book 2.80
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.31
Resistance 3 (R3) 28.40 27.92 28.01
Resistance 2 (R2) 27.92 27.47 27.87 27.91
Resistance 1 (R1) 27.23 27.19 26.99 27.14 27.82
Pivot Point 26.75 26.75 26.63 26.70 26.75
Support 1 (S1) 26.06 26.30 25.82 25.97 25.28
Support 2 (S2) 25.58 26.02 25.53 25.19
Support 3 (S3) 24.89 25.58 25.09
Support 4 (S4) 24.80