Technical Analysis for WEED - Canopy Growth Corporation

Grade Last Price % Change Price Change
grade A 58.31 0.10% 0.060
WEED closed up 1.39 percent on Tuesday, January 22, 2019, on 1.16 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Earnings due: Feb 13

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical WEED trend table...

Date Alert Name Type % Chg
Jan 22 Calm After Storm Range Contraction 0.10%
Jan 22 Wide Bands Range Expansion 0.10%
Jan 22 Overbought Stochastic Strength 0.10%
Jan 21 Death Cross Bearish 1.50%
Jan 21 Slingshot Bullish Bullish Swing Setup 1.50%
Jan 21 Calm After Storm Range Contraction 1.50%
Jan 21 Narrow Range Bar Range Contraction 1.50%
Jan 21 NR7 Range Contraction 1.50%
Jan 21 NR7-2 Range Contraction 1.50%
Jan 21 Wide Bands Range Expansion 1.50%

Older signals for WEED ...

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Profile
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.
Is WEED a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 76.68
52 Week Low 20.85
Average Volume 3,529,507
200-Day Moving Average 44.4942
50-Day Moving Average 44.3574
20-Day Moving Average 45.89
10-Day Moving Average 54.26
Average True Range 3.5262
ADX 40.16
+DI 36.6219
-DI 9.6387
Chandelier Exit (Long, 3 ATRs ) 49.3714
Chandelier Exit (Short, 3 ATRs ) 44.9386
Upper Bollinger Band 63.7459
Lower Bollinger Band 28.0341
Percent B (%b) 0.85
BandWidth 77.82044
MACD Line 4.3924
MACD Signal Line 2.6191
MACD Histogram 1.7733
Fundamentals Value
Market Cap 9.75 Billion
Num Shares 167 Million
EPS -0.13
Price-to-Earnings (P/E) Ratio -448.08
Price-to-Sales 44.51
Price-to-Book 3.35
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.805
Resistance 3 (R3) 61.820 60.650 61.213
Resistance 2 (R2) 60.650 59.745 60.643 61.015
Resistance 1 (R1) 59.450 59.185 60.050 59.435 60.817
Pivot Point 58.280 58.280 58.580 58.273 58.280
Support 1 (S1) 57.080 57.375 57.680 57.065 55.683
Support 2 (S2) 55.910 56.815 55.903 55.485
Support 3 (S3) 54.710 55.910 55.288
Support 4 (S4) 54.695