Trading Signals: CGC Stock Price Prediction and Forecast (Wed. Oct. 19, 2016 - Wed. Sep. 14, 2022)(Canopy Growth Corporation)
| CGC latest price $6.0700 (-5.01%) ($5.9300 - $6.2400) on Tue. Jun. 27, 2017. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.36% (three month average) | RSI | 69 | Latest Price | $6.0700(-5.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | CGC advances 0.3% a day on average for past five trading days. | Weekly Trend | CGC advances 5.2% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support CGC advance at 0% a week (0% probability) IBUY(42%) ARKK(41%) IWC(40%) IWO(40%) BOTZ(38%) | Factors Impacting CGC price | CGC will decline at least -1.68% in a week (0% probabilities). VIXM(-12%) TLT(-11%) UUP(-9%) SHY(-3%) IGOV(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | | | | Market Trend Strength | -1.68% (StdDev 3.36%) | Hourly BBV | 0 () | Intraday Trend | -0.2% | | | |
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5 Day Moving Average | $6.29(-3.5%) | 10 Day Moving Average | $6.09(-0.33%) | 20 Day Moving Average | $5.84(3.94%) | To recent high | -26% | To recent low | 19.5% | Market Cap | $2.251b | | | | Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada. |