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Canopy Growth (TSE:WEED)
TSX:WEED

Canopy Growth (WEED) Technical Analysis

1,853 Followers

Summary of all the Indicators

Overall Consensus
Strong Buy
16Bullish
6Neutral
0Bearish
Technical Analysis Consensus
Buy
4Bullish
6Neutral
0Bearish
Moving Average Consensus
Strong Buy
12Bullish
0Neutral
0Bearish
Canopy Growth’s (WEED) Moving Averages Convergence Divergence (MACD) indicator is 0.85, suggesting Canopy Growth is a Buy.
Canopy Growth’s (WEED) 20-Day exponential moving average is 13.19, while Canopy Growth’s (WEED) share price is C$14.81, making it a Buy.
Canopy Growth’s (WEED) 50-Day exponential moving average is 11.31, while Canopy Growth’s (WEED) share price is C$14.81, making it a Buy.

Canopy Growth (WEED) Pivot Points

May 19, 2024, 01:46 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
10.39
11.82
13.40
14.83
16.41
17.84
19.42
Fibonacci
11.82
12.97
13.68
14.83
15.98
16.69
17.84
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Canopy Growth (WEED) Moving Averages

May 19, 2024, 01:46 AM
Period
Simple
Exponential
MA5
13.87Buy
14.13Buy
MA10
13.39Buy
13.76Buy
MA20
13.45Buy
13.19Buy
MA50
10.84Buy
11.31Buy
MA100
8.24Buy
9.69Buy
MA200
8.46Buy
9.12Buy
Canopy Growth’s (WEED) 10-Day exponential moving average is 13.76, while Canopy Growth’s (WEED) share price is C$14.81, making it a Buy.
Canopy Growth’s (WEED) 100-Day exponential moving average is 9.69, while Canopy Growth’s (WEED) share price is C$14.81, making it a Buy.
Canopy Growth’s (WEED) stock price is C$14.81 and Canopy Growth’s (WEED) 50-day simple moving average is 10.84, creating a Buy signal.
Canopy Growth’s (WEED) stock price is C$14.81 and Canopy Growth’s (WEED) 100-day simple moving average is 8.24, creating a Buy signal.
Canopy Growth’s (WEED) stock price is C$14.81 and Canopy Growth’s (WEED) 200-day simple moving average is 8.46, creating a Buy signal.

Canopy Growth (WEED) Technical Indicators

May 19, 2024, 01:46 AM
Name
Value
Implied Action
RSI (14)
57.56
Neutral
STOCH (9,6)
59.11
Neutral
STOCHRSI (14)
35.24
Neutral
MACD (12,26)
0.85
Buy
ADX (14)
44.35
Neutral
Williams %R
-61.12
Buy
CCI (14)
83.11
Neutral
ATR (14)
2.00
-
Ultimate Oscillator
47.40
Neutral
ROC
30.37
Buy
Canopy Growth’s (WEED) Relative Strength Index (RSI) is 57.56, creating a Neutral signal.
Canopy Growth’s (WEED) Trend Strength Indicator (ADX) is 44.35, creating a Neutral signal.
Canopy Growth’s (WEED) Commodity Channel Index (CCI) is 83.11, creating a Neutral signal.
Canopy Growth’s (WEED) Price Rate of Change (ROC) is 30.37, creating a Buy signal.

FAQ

Is WEED a Buy, Hold, or Sell?
Based on WEED’s technical indicators, WEED is a Strong Buy.
    What is WEED’s RSI (14)?
    WEED’s RSI (14) is 57.56, which suggests WEED is a Neutral.
      What is WEED’s MACD?
      WEED’s MACD is 0.85, which suggests WEED is a Buy.
        What is WEED’s 5-day moving average?
        WEED’s 5-day moving average is 13.87, which suggests WEED is a Buy.
          What is WEED’s 20-day moving average?
          WEED 20-day moving average is 13.45, which suggests WEED is a Buy.
            What is WEED’s 50-day moving average?
            WEED’s 50-day moving average is 10.84, which suggests WEED is a Buy.
              What is WEED’s 200-day moving average?
              WEED’s 200-day moving average is 8.46, which suggests WEED is a Buy.
                What is WEED’s Williams % R (14)?
                WEED’s Williams % R (14) is -61.12, which suggests WEED is a Buy.
                  What is WEED’s CCI (14)?
                  WEED’s CCI (14) is 83.11, which suggests WEED is a Neutral.
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