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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
$0.97
$0.005(0.50%)
U.S. Market opens in 7h 18m

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:Neutral to Bearish (RSI: 45.73)
Trend Strength:Weak (ADX: 18.55)
Volatility:Medium (ATR: 0.04)
Support/Resistance:$0.95 – $1.07 (Bollinger Bands)

Technical conditions suggest Canopy Growth Corporation on the NASDAQ is awaiting a decisive move. Overall, Canopy Growth Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 45.73

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 7.39

Bullish
Oversold zone signals rebound potential.

Williams %R: -89.18

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -4.54

Bearish
Selling pressure outweighs buying.

Takeaway:Canopy Growth Corporation shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 18.55

Weak
Weak trend, market trading sideways.

ATR (14): 0.04

Low
Low volatility, stable price action.

CCI (14): -103.86

Bearish
Bearish, oversold conditions may spark rebound.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$1.07
Middle Band (SMA 20)
$1.01
Lower Band
$0.95
Current Position
Within Bands

Takeaway:Canopy Growth Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1.07
Middle Line (EMA 20)
$1.00
Lower Channel
$0.92
Squeeze Status
Squeeze On

Takeaway:Canopy Growth Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-58.01M
Money Flow Index46.44Neutral, balanced money flows with no clear signal.
Relative Vigor Index34.20Bearish, price momentum favors sellers.

Overall Takeaway:CGC shows mixed signals in money flow analysis.

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

MACD above 0 → bullish trend confirmation.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

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

(NASDAQ: CGC) Technical Analysis FAQ