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Canopy Growth Corporation

CGC Technical Analysis Summary (NASDAQ)

Analyze CGC on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CGC●NASDAQ
HealthcareDrug Manufacturers - Specialty & Generic
$1.01
$0.01(1.000%)
U.S. Market is Open · 13:56

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 (NASDAQ)

Canopy Growth Corporation (NASDAQ: CGC) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 64.59)
Trend Strength:Weak (ADX: 15.77)
Volatility:Medium (ATR: 0.05)
Support/Resistance:$0.87 – $1.00 (Bollinger Bands)

Technical conditions suggest Canopy Growth Corporation on the NASDAQ is awaiting a decisive move. Technical conditions suggest Canopy Growth Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 64.59

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 77.74

Bullish
Buying momentum building without extremes.

Williams %R: -10.71

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 13.80

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 15.77

Weak
Weak trend, market trading sideways.

ATR (14): 0.05

Low
Low volatility, stable price action.

CCI (14): 173.83

Bearish Risk
Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.00
Middle Band (SMA 20)
$0.93
Lower Band
$0.87
Current Position
Above Upper Band

Takeaway:Canopy Growth Corporation trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$1.05
Middle Line (EMA 20)
$0.95
Lower Channel
$0.86
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-59.80M
Money Flow Index68.73Bullish, inflows support continued momentum.
Relative Vigor Index67.25Bullish, price momentum strongly favors buyers.

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 (NASDAQ: CGC), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Technical indicators for Canopy Growth Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: CGC) Technical Analysis FAQ