Technical Analysis for WEED - Canopy Growth Corporation

Grade Last Price % Change Price Change
B 12.150 2.45% 0.290
WEED closed up 2.45 percent on Friday, April 26, 2024, on 1.39 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bearish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
NR7 Range Contraction 2.45%
Narrow Range Bar Range Contraction 2.45%
Inside Day Range Contraction 2.45%
Wide Bands Range Expansion 2.45%
Wide Bands Range Expansion -0.98%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 17 hours ago
Rose Above Previous Day's High about 19 hours ago
Up 1 ATR about 19 hours ago
2x Volume Pace about 19 hours ago
Up 5% about 19 hours ago

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 15.59
52 Week Low 0.455
Average Volume 3,539,584
200-Day Moving Average 3.637
50-Day Moving Average 7.995
20-Day Moving Average 11.628
10-Day Moving Average 10.884
Average True Range 1.504
RSI (14) 58.85
ADX 36.71
+DI 33.260
-DI 13.789
Chandelier Exit (Long, 3 ATRs) 11.079
Chandelier Exit (Short, 3 ATRs) 12.901
Upper Bollinger Bands 14.669
Lower Bollinger Band 8.587
Percent B (%b) 0.59
BandWidth 52.305
MACD Line 0.916
MACD Signal Line 1.029
MACD Histogram -0.1125
Fundamentals Value
Market Cap 4.52 Billion
Num Shares 372 Million
EPS -6.22
Price-to-Earnings (P/E) Ratio -1.95
Price-to-Sales 27.68
Price-to-Book 2.79
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.180
Resistance 3 (R3) 15.450 14.710 14.675
Resistance 2 (R2) 14.710 13.938 14.575 14.507
Resistance 1 (R1) 13.430 13.462 13.060 13.160 14.338
Pivot Point 12.690 12.690 12.505 12.555 12.690
Support 1 (S1) 11.410 11.918 11.040 11.140 9.962
Support 2 (S2) 10.670 11.442 10.535 9.793
Support 3 (S3) 9.390 10.670 9.625
Support 4 (S4) 9.120