Advertisement

Mobile Banner
Mobile Banner
Mobile Banner
Loading...

Canopy Growth Corporation

CGC•NASDAQ
Healthcare
Drug Manufacturers - Specialty & Generic
$1.17
$-0.02(-1.77%)
U.S. Market opens in 13h 55m

Canopy Growth Corporation (CGC) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Canopy Growth Corporation (NASDAQ:CGC).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CGC Technical Analysis Summary

Canopy Growth Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 51.53)
Trend Strength:Weak (ADX: 9.60)
Volatility:High (ATR: 0.07)
Support/Resistance:$1.03 – $1.21 (Bollinger Bands)

Overall, Canopy Growth Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 51.53

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 76.67

Bullish
Buying momentum building without extremes.

Williams %R: -30.00

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 6.42

Strongly Bullish
Strong upside momentum.

Takeaway:Canopy Growth Corporation shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 9.60

Weak
Weak trend, market trading sideways.

ATR (14): 0.07

Low
Low volatility, stable price action.

CCI (14): 71.86

Bullish
Bullish, momentum building upward.

Takeaway:Canopy Growth Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.21
Middle Band (SMA 20)
$1.12
Lower Band
$1.03
Current Position
Within Bands

Takeaway:Canopy Growth Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$1.28
Middle Line (EMA 20)
$1.14
Lower Channel
$1.00
Squeeze Status
Squeeze On

Takeaway:Canopy Growth Corporation trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-100.45M
Money Flow Index61.53Bullish, inflows support continued momentum.
Relative Vigor Index51.87Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:CGC shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Canopy Growth Corporation, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Canopy Growth Corporation shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

Technical Analysis FAQ