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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 3648840

Date Daily Closing Price Open High Low Volume
21 Wed Apr 2021 27.17 25.11 27.18 25.11 0.953 times
20 Tue Apr 2021 25.56 27.98 28.04 25.11 1.408 times
19 Mon Apr 2021 27.46 27.79 28.66 26.94 0.752 times
16 Fri Apr 2021 27.80 27.49 27.88 26.91 0.575 times
15 Thu Apr 2021 27.42 28.10 28.38 27.15 0.705 times
14 Wed Apr 2021 27.79 27.97 28.32 27.45 0.633 times
13 Tue Apr 2021 27.86 27.22 28.17 26.92 0.861 times
12 Mon Apr 2021 27.64 28.62 28.67 27.35 0.924 times
09 Fri Apr 2021 28.99 28.45 29.49 27.82 1.139 times
08 Thu Apr 2021 28.50 30.12 30.19 28.20 2.207 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 27.5, but if it comes above 27.5, then a intra day buy could be more profitable.
If you take a sell trade below 27.5, then use 27.5 as stoploss and 24.9 as target. However if you take a buy trade in stock , then use 27.5 as stoploss and 29.6 as target.

Share price targets for Canopy Growth (CGC)

Target Type Value
Downside Target 24.05
Downside Target 24.91
Downside Target 26.91
Upside Target 27.82
Upside Target 28.66
Upside Target 29.52
Upside Target 30.23
Upside Target 31.45
Upside Target 32.61
Upside Target 33.27
Upside Target 34.72
Upside Target 37.08
Upside Target 41.75
Upside Target 56.50

Intraday share price targets for Canopy Growth (CGC)

Target Type Value
Downside Intraday Target 25.3
Downside Intraday Target 23.43
Upside Intraday Target 28.85
Upside Intraday Target 30.53
Downside Intraday Target 26.98

Weekly technical analysis of Canopy Growth (CGC)

Date Weekly Closing Price Open High Low Volume
21 Wed Apr 2021 27.17 27.79 28.66 25.11 0.842 times
16 Fri Apr 2021 27.80 28.62 28.67 26.91 0.677 times
09 Fri Apr 2021 28.99 32.60 32.61 27.82 1.82 times
01 Thu Apr 2021 32.06 32.06 33.27 30.70 0.843 times
26 Fri Mar 2021 32.12 34.55 34.72 30.23 0.77 times

Price has moved down 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
21 Wed Apr 2021 27.17 32.82 33.08 25.11 0.492 times
31 Wed Mar 2021 32.03 33.47 37.08 28.04 0.512 times
26 Fri Feb 2021 32.75 40.06 56.50 31.45 1.261 times
29 Fri Jan 2021 40.07 24.92 41.75 24.91 1.694 times

Scroll below to view daily charts

Price has moved down 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)

Indicator Name Indicator Value Indicator Signal
ADX 9, 29, 52 Sell
MACD -3, -3Sell
Stochastics 20Sell
CCI -141Buy
RSI 50Buy
OBV -19478400Sell
VWAP 28Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Canopy Growth ( (CGC) ) based on a short 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.

Price action analysis of Canopy Growth ( (CGC) ) based on a short 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.

Price action analysis of Canopy Growth ( (CGC) ) based on a short to mid 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.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Canopy Growth in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

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

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 27.65 and Canopy Growth (CGC) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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