Technical Analysis for WEED - Canopy Growth Corporation

Grade Last Price % Change Price Change
D 36.29 1.51% 0.540
WEED closed up 1.51 percent on Friday, April 9, 2021, on 1.19 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical WEED trend table...

Date Alert Name Type % Chg
Spinning Top Other 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 1.51%
BB Squeeze Ended Range Expansion 1.51%
Below Lower BB Weakness 1.51%
Down 3 Days in a Row Weakness 1.51%
Down 4 Days in a Row Weakness 1.51%
Down 5 Days in a Row Weakness 1.51%
Older End-of-Day Signals for WEED ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Up 3% 2 days ago
Up 2% 2 days ago
Up 1% 2 days ago
Rose Above Lower Bollinger Band 2 days ago
2x Volume Pace 2 days ago
View Earlier Intraday Alerts

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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 Bed Door Marijuana Rooms Licensed Producer Cannabis Industry Canopy Growth Climate Canopy Growth Corporation Tweed

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 71.6
52 Week Low 18.34
Average Volume 1,608,875
200-Day Moving Average 32.039
50-Day Moving Average 45.295
20-Day Moving Average 40.464
10-Day Moving Average 38.896
Average True Range 2.377
ADX 23.68
+DI 13.127
-DI 32.129
Chandelier Exit (Long, 3 ATRs ) 37.928
Chandelier Exit (Short, 3 ATRs ) 42.032
Upper Bollinger Band 44.818
Lower Bollinger Band 36.110
Percent B (%b) 0.02
BandWidth 21.521
MACD Line -1.785
MACD Signal Line -1.479
MACD Histogram -0.3055
Fundamentals Value
Market Cap 13.51 Billion
Num Shares 372 Million
EPS -6.22
Price-to-Earnings (P/E) Ratio -5.84
Price-to-Sales 27.68
Price-to-Book 2.79
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.515
Resistance 3 (R3) 39.410 38.230 38.978
Resistance 2 (R2) 38.230 37.409 38.283 38.798
Resistance 1 (R1) 37.260 36.901 37.745 37.365 38.619
Pivot Point 36.080 36.080 36.323 36.133 36.080
Support 1 (S1) 35.110 35.259 35.595 35.215 33.961
Support 2 (S2) 33.930 34.751 33.983 33.782
Support 3 (S3) 32.960 33.930 33.603
Support 4 (S4) 33.065