Technical Analysis for WEED - Canopy Growth Corporation

Grade Last Price % Change Price Change
F 5.440 3.23% 0.170
WEED closed down 1.68 percent on Wednesday, November 20, 2024, on 41 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 3.23%
Wide Bands Range Expansion 3.23%
Oversold Stochastic Weakness 3.23%
Stochastic Buy Signal Bullish 1.49%
NR7 Range Contraction 1.49%
Narrow Range Bar Range Contraction 1.49%
Inside Day Range Contraction 1.49%
Wide Bands Range Expansion 1.49%
Oversold Stochastic Weakness 1.49%
Narrow Range Bar Range Contraction 2.45%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance 7 minutes ago
Up 5% about 4 hours ago
Rose Above Previous Day's High about 4 hours ago
Rose Above 10 DMA about 4 hours ago
Up 3% about 4 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 Cannabis Industry Canopy Growth Licensed Producer Marijuana 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 0.63
Average Volume 1,891,369
200-Day Moving Average 8.489
50-Day Moving Average 6.216
20-Day Moving Average 6.302
10-Day Moving Average 5.529
Average True Range 0.520
RSI (14) 38.27
ADX 17.5
+DI 20.249
-DI 26.272
Chandelier Exit (Long, 3 ATRs) 6.489
Chandelier Exit (Short, 3 ATRs) 6.671
Upper Bollinger Bands 8.085
Lower Bollinger Band 4.519
Percent B (%b) 0.21
BandWidth 56.588
MACD Line -0.351
MACD Signal Line -0.219
MACD Histogram -0.1325
Fundamentals Value
Market Cap 1.96 Billion
Num Shares 372 Million
EPS -6.22
Price-to-Earnings (P/E) Ratio -0.85
Price-to-Sales 27.68
Price-to-Book 2.79
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.495
Resistance 3 (R3) 5.513 5.457 5.458
Resistance 2 (R2) 5.457 5.399 5.448 5.445
Resistance 1 (R1) 5.363 5.364 5.335 5.345 5.432
Pivot Point 5.307 5.307 5.293 5.298 5.307
Support 1 (S1) 5.213 5.249 5.185 5.195 5.108
Support 2 (S2) 5.157 5.214 5.148 5.095
Support 3 (S3) 5.063 5.157 5.083
Support 4 (S4) 5.045