(CGC) Canopy Growth complete technical analysis [charts+indicators] | Buy/Sell Canopy Growth | (CGC) share price targets
Complete technical analysis of Canopy Growth (CGC) by charts plus indicators, forecast predictions and share price targets for Canopy Growth (CGC)
Canopy Growth trades in USA in Consumer Durables sector.
Showing technical analysis as on 2024-03-19 View latest technical analysis
10 day averaged volume of Canopy Growth is 4048770
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Mar 2024 | 3.83 | 3.55 | 3.96 | 3.35 | 2.553 times |
| 18 Mon Mar 2024 | 3.71 | 3.27 | 4.13 | 3.14 | 4.892 times |
| 15 Fri Mar 2024 | 3.08 | 2.81 | 3.14 | 2.77 | 1.096 times |
| 14 Thu Mar 2024 | 2.77 | 2.96 | 2.96 | 2.76 | 0.408 times |
| 13 Wed Mar 2024 | 2.96 | 2.89 | 3.02 | 2.87 | 0.371 times |
| 12 Tue Mar 2024 | 2.92 | 3.01 | 3.03 | 2.86 | 0.371 times |
| 11 Mon Mar 2024 | 3.01 | 3.05 | 3.17 | 3.00 | 0.441 times |
| 08 Fri Mar 2024 | 3.05 | 3.00 | 3.17 | 3.00 | 0.566 times |
| 07 Thu Mar 2024 | 2.97 | 2.95 | 3.04 | 2.87 | 0.394 times |
| 06 Wed Mar 2024 | 2.91 | 2.93 | 3.00 | 2.87 | 0.538 times |
Stock of Canopy Growth (CGC) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 3.8, for a target of 3.5 or 3.21
Share price targets for Canopy Growth (CGC)
| Target Type | Value |
| Downside Target | 0.47 |
| Downside Target | 0.67 |
| Downside Target | 2.76 |
| Downside Target | 3.14 |
| Downside Target | 3.58 |
| Downside Target | 3.80 |
| Upside Target | 4.13 |
| Upside Target | 4.26 |
| Upside Target | 5.26 |
| Upside Target | 5.27 |
| Upside Target | 5.93 |
Intraday share price targets for Canopy Growth (CGC)
| Target Type | Value |
| Downside Intraday Target | 3.27 |
| Downside Intraday Target | 2.71 |
| Upside Intraday Target | 4.26 |
| Upside Intraday Target | 4.69 |
| Downside Intraday Target | 3.7 |
Weekly technical analysis of Canopy Growth (CGC)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Mar 2024 | 3.83 | 3.27 | 4.13 | 3.14 | 2.771 times |
| 15 Fri Mar 2024 | 3.08 | 3.05 | 3.17 | 2.76 | 0.866 times |
| 08 Fri Mar 2024 | 3.05 | 3.23 | 3.24 | 2.81 | 0.929 times |
| 01 Fri Mar 2024 | 3.21 | 3.33 | 3.58 | 3.15 | 1.277 times |
| 23 Fri Feb 2024 | 3.36 | 3.77 | 3.80 | 3.21 | 0.524 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Canopy Growth (CGC)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 19 Tue Mar 2024 | 3.83 | 3.32 | 4.13 | 2.76 | 0.826 times |
| 29 Thu Feb 2024 | 3.29 | 4.70 | 5.27 | 3.21 | 1.271 times |
| 31 Wed Jan 2024 | 4.67 | 5.05 | 5.26 | 4.26 | 0.101 times |
| 29 Fri Dec 2023 | 5.11 | 0.56 | 5.93 | 0.47 | 1.257 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Canopy Growth (CGC)
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Canopy Growth ( (CGC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Canopy Growth ( (CGC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Canopy Growth stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Canopy Growth in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Canopy Growth Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Canopy Growth in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Canopy Growth is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.47 and Canopy Growth (CGC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Canopy Growth (CGC) stock. Volume based technical analysis of Canopy Growth (CGC) stock is negative.
Canopy Growth Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Canopy Growth ( (CGC) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Canopy Growth ( (CGC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Canopy Growth ( (CGC) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Canopy Growth stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Canopy Growth in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Canopy Growth Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Canopy Growth in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Canopy Growth is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 3.47 and Canopy Growth (CGC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Canopy Growth (CGC) stock. Volume based technical analysis of Canopy Growth (CGC) stock is negative.
Canopy Growth Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.