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(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.

10 day averaged volume of Canopy Growth is 23135390

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 9.55 7.64 9.63 7.23 2.302 times
26 Tue Mar 2024 7.23 5.88 8.24 5.70 2.361 times
25 Mon Mar 2024 6.20 7.96 7.97 5.90 1.899 times
22 Fri Mar 2024 7.69 4.70 7.99 4.66 2.896 times
21 Thu Mar 2024 4.56 4.70 4.94 4.31 0.443 times
20 Wed Mar 2024 4.54 4.31 4.57 3.95 0.77 times
19 Tue Mar 2024 3.83 3.55 3.96 3.35 0.447 times
18 Mon Mar 2024 3.71 3.27 4.13 3.14 0.856 times
15 Fri Mar 2024 3.08 2.81 3.14 2.77 0.192 times
14 Thu Mar 2024 2.77 2.96 2.96 2.76 0.071 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 8.3, for a target of 6.1 or 4.17

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 4.26
Downside Target 5.26
Downside Target 5.27
Downside Target 5.70
Downside Target 5.93
Downside Target 7.99
Upside Target 9.63

Intraday share price targets for Canopy Growth (CGC)

Target Type Value
Downside Intraday Target 6.96
Downside Intraday Target 4.36
Upside Intraday Target 10.89
Upside Intraday Target 12.22
Downside Intraday Target 8.29

Weekly technical analysis of Canopy Growth (CGC)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 9.55 7.96 9.63 5.70 1.213 times
22 Fri Mar 2024 7.69 3.27 7.99 3.14 11.511 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

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Canopy Growth (CGC)

Date Monthly Closing Price Open High Low Volume
27 Wed Mar 2024 9.55 3.32 9.63 2.76 4.416 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, and volume has increased substantially. This means that the move can 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 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 to mid 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 mid to longer 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.

ADX buy sell signal for Canopy Growth stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Canopy Growth in short term and the buy signal is strong.

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 green color and prices are above the green 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Canopy Growth is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.89 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 positive

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 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 to mid 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 mid to longer 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.

ADX buy sell signal for Canopy Growth stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Canopy Growth in short term and the buy signal is strong.

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 green color and prices are above the green 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Canopy Growth is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6.89 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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