(CGC) Canopy Growth complete technical analysis [charts+indicators] | Buy/Sell Canopy Growth | (CGC) share price targets
Complete technical analysis of Canopy Growth (CGC) by charts plus indicators, forecast predictions and share price targets for Canopy Growth (CGC)
Canopy Growth trades in USA in Consumer Durables sector.
10 day averaged volume of Canopy Growth is 11814932
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 9.11 | 9.52 | 9.57 | 8.87 | 0.423 times |
| 22 Wed May 2024 | 9.41 | 10.14 | 10.14 | 9.33 | 0.508 times |
| 21 Tue May 2024 | 10.11 | 10.30 | 10.71 | 10.02 | 0.427 times |
| 20 Mon May 2024 | 10.13 | 10.88 | 11.14 | 9.70 | 0.9 times |
| 17 Fri May 2024 | 10.85 | 11.14 | 11.65 | 10.66 | 1.209 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.7 as stoploss in an intra day buy trade for a target of 10.04. However, stock will show a bearish move below 8.7.
Share price targets for Canopy Growth (CGC)
| Target Type | Value |
| Downside Target | 2.76 |
| Downside Target | 3.21 |
| Downside Target | 4.26 |
| Downside Target | 5.26 |
| Downside Target | 6.09 |
| Downside Target | 7.63 |
| Downside Target | 8.10 |
| Downside Target | 8.76 |
| Upside Target | 10.13 |
| Upside Target | 10.91 |
| Upside Target | 11.14 |
| Upside Target | 11.95 |
| Upside Target | 14.10 |
| Upside Target | 14.92 |
Intraday share price targets for Canopy Growth (CGC)
| Target Type | Value |
| Downside Intraday Target | 8.27 |
| Downside Intraday Target | 7.44 |
| Upside Intraday Target | 10.54 |
| Upside Intraday Target | 11.98 |
| Upside Intraday Target | 9.71 |
Weekly technical analysis of Canopy Growth (CGC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 9.11 | 10.88 | 11.14 | 8.87 | 0.331 times |
| 17 Fri May 2024 | 10.85 | 9.11 | 11.95 | 8.96 | 1.184 times |
| 10 Fri May 2024 | 9.05 | 10.52 | 10.91 | 8.76 | 0.35 times |
| 03 Fri May 2024 | 10.24 | 9.00 | 14.92 | 8.10 | 4.15 times |
| 26 Fri Apr 2024 | 8.91 | 8.22 | 10.24 | 7.63 | 0.935 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Canopy Growth (CGC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 9.11 | 13.97 | 14.10 | 8.76 | 0.666 times |
| 30 Tue Apr 2024 | 14.88 | 8.22 | 14.92 | 6.09 | 1.176 times |
| 28 Thu Mar 2024 | 8.63 | 3.32 | 10.13 | 2.76 | 5.126 times |
| 29 Thu Feb 2024 | 3.29 | 4.70 | 5.27 | 3.21 | 1.309 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Canopy Growth (CGC)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 19, 9 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 24 | Sell |
| CCI | -98 | Sell |
| RSI | 67 | Buy |
| OBV | -23088523 | Sell |
| VWAP | 10 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Canopy Growth ( (CGC) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Canopy Growth ( (CGC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Canopy Growth stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Canopy Growth in short term but the sell signal is initial and weak.
Canopy Growth Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Canopy Growth in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Canopy Growth is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 10.16 and Canopy Growth (CGC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Canopy Growth (CGC) stock. Volume based technical analysis of Canopy Growth (CGC) stock is negative.
Canopy Growth Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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