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Canopy Growth Corporation

CGC Technical Analysis Summary (NASDAQ)

Analyze CGC on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CGC●NASDAQ
HealthcareDrug Manufacturers - Specialty & Generic
$0.93
$0.00(0.03%)
U.S. Market opens in 12h 21m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CGC Technical Analysis Summary (NASDAQ)

Canopy Growth Corporation (NASDAQ: CGC) stock currently shows a neutral trend on the NASDAQ, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 43.96)
Trend Strength:Weak (ADX: 13.08)
Volatility:Medium (ATR: 0.03)
Support/Resistance:$0.90 – $0.98 (Bollinger Bands)

Technical conditions suggest Canopy Growth Corporation on the NASDAQ is awaiting a decisive move. Overall, Canopy Growth Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 43.96

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 23.67

Bearish
Momentum remains weak below midpoint.

Williams %R: -77.95

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -3.17

Bearish
Selling pressure outweighs buying.

Takeaway:Canopy Growth Corporation shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 13.08

Weak
Weak trend, market trading sideways.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): -54.75

Bearish
Bearish, momentum remains under pressure.

Takeaway:Canopy Growth Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.98
Middle Band (SMA 20)
$0.94
Lower Band
$0.90
Current Position
Within Bands

Takeaway:Canopy Growth Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$1.01
Middle Line (EMA 20)
$0.95
Lower Channel
$0.89
Squeeze Status
Squeeze On

Takeaway:Canopy Growth Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-10.74M
Money Flow Index37.04Bearish, selling pressure outweighs inflows.
Relative Vigor Index37.03Bearish, price momentum favors sellers.

Overall Takeaway:CGC shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Canopy Growth Corporation (NASDAQ: CGC), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Canopy Growth Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: CGC) Technical Analysis FAQ