Technical Analysis for CGC - Canopy Growth Corporation

Grade Last Price % Change Price Change
F 3.71 20.45% 0.63
CGC closed up 20.45 percent on Monday, March 18, 2024, on 6.43 times normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Crossed Above 20 DMA Bullish 0.00%
New Uptrend Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Wide Range Bar Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

   Recent Intraday Alerts

Alert Time
Rose Above 50 DMA about 19 hours ago
50 DMA Resistance about 19 hours ago
60 Minute Opening Range Breakout about 20 hours ago
2x Volume Pace about 21 hours ago
1.5x Volume Pace about 21 hours ago

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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 20.2
52 Week Low 2.755
Average Volume 3,074,189
200-Day Moving Average 5.52
50-Day Moving Average 3.93
20-Day Moving Average 3.19
10-Day Moving Average 3.03
Average True Range 0.30
RSI (14) 56.90
ADX 29.81
+DI 36.95
-DI 20.93
Chandelier Exit (Long, 3 ATRs) 3.23
Chandelier Exit (Short, 3 ATRs) 3.66
Upper Bollinger Bands 3.71
Lower Bollinger Band 2.67
Percent B (%b) 1.0
BandWidth 32.69
MACD Line -0.24
MACD Signal Line -0.33
MACD Histogram 0.0863
Fundamentals Value
Market Cap 338.03 Million
Num Shares 91.1 Million
EPS -15.82
Price-to-Earnings (P/E) Ratio -0.23
Price-to-Sales 1.02
Price-to-Book 0.93
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.20
Resistance 3 (R3) 5.17 4.65 4.95
Resistance 2 (R2) 4.65 4.27 4.66 4.86
Resistance 1 (R1) 4.18 4.04 4.42 4.21 4.78
Pivot Point 3.66 3.66 3.78 3.67 3.66
Support 1 (S1) 3.19 3.28 3.43 3.22 2.64
Support 2 (S2) 2.67 3.05 2.68 2.56
Support 3 (S3) 2.20 2.67 2.47
Support 4 (S4) 2.23