Technical Analysis for WEED - Canopy Growth Corporation

Grade Last Price % Change Price Change
C 13.490 8.97% 1.110
WEED closed up 8.97 percent on Thursday, May 9, 2024, on 1.15 times normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
20 DMA Support Bullish 8.97%
Calm After Storm Range Contraction 8.97%
NR7 Range Contraction 8.97%
NR7-2 Range Contraction 8.97%
Narrow Range Bar Range Contraction 8.97%
Wide Bands Range Expansion 8.97%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 13 hours ago
Outside Day about 13 hours ago
Up 5% about 14 hours ago
1.5x Volume Pace about 14 hours ago
Fell Below Previous Day's Low about 15 hours ago

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Profile

Canopy Growth Corporation Description

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The Company, through its subsidiaries Tweed Inc. (Tweed), Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed's commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed's built-out production capacity is over 10 climate controlled indoor growing rooms. Bedrocan is a medical-grade cannabis. Bedrocan's over 52,000 square feet production facility in Toronto, Ontario is licensed, and includes over 30 vegetative and growing rooms, and over three dispensing rooms.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Cannabis Farm Door Rooms Climate Marijuana Canopy Growth Cannabis Industry Licensed Producer Canopy Growth Corporation

Is WEED 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 20.5
52 Week Low 0.455
Average Volume 4,335,222
200-Day Moving Average 4.250
50-Day Moving Average 9.699
20-Day Moving Average 12.370
10-Day Moving Average 14.001
Average True Range 2.212
RSI (14) 53.92
ADX 42.17
+DI 28.362
-DI 11.758
Chandelier Exit (Long, 3 ATRs) 13.865
Chandelier Exit (Short, 3 ATRs) 15.025
Upper Bollinger Bands 17.386
Lower Bollinger Band 7.354
Percent B (%b) 0.61
BandWidth 81.104
MACD Line 1.021
MACD Signal Line 1.223
MACD Histogram -0.2022
Fundamentals Value
Market Cap 5.02 Billion
Num Shares 372 Million
EPS -6.22
Price-to-Earnings (P/E) Ratio -2.17
Price-to-Sales 27.68
Price-to-Book 2.79
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.325
Resistance 3 (R3) 16.160 15.050 15.853
Resistance 2 (R2) 15.050 14.328 15.133 15.695
Resistance 1 (R1) 14.270 13.882 14.660 14.435 15.537
Pivot Point 13.160 13.160 13.355 13.243 13.160
Support 1 (S1) 12.380 12.438 12.770 12.545 11.443
Support 2 (S2) 11.270 11.992 11.353 11.285
Support 3 (S3) 10.490 11.270 11.128
Support 4 (S4) 10.655