Trading Signals: CGC Stock Price Prediction and Forecast

^ CGC: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Tue. Nov. 3, 2020

Trading Signals: CGC Stock Price Prediction and Forecast (Wed. Oct. 19, 2016 - Wed. Sep. 14, 2022)

(Canopy Growth Corporation)
CGC latest price $20.4600 (-2.25%) ($19.5700 - $21.1300) on Tue. Nov. 3, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.27% (three month average)
RSI   61
Latest Price   $20.4600(-2.25%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CGC advances 1.9% a day on average for past five trading days.
Weekly Trend   CGC advances 2.3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CGC advance at 0% a week (0% probability)
IBUY(57%)    ACES(54%)    IWO(54%)    ARKK(53%)    DRIV(53%)
Factors Impacting CGC price   CGC will decline at least -2.135% in a week (0% probabilities).
VIXM(-36%)    VXX(-30%)    UUP(-24%)    TLT(-13%)    IGOV(-11%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.135% (StdDev 4.27%)
Hourly BBV 0.7 ()
Intraday Trend -3%

5 Day Moving Average   $19.46(5.14%)
10 Day Moving Average   $19.41(5.41%)
20 Day Moving Average   $18.86(8.48%)
To recent high   -2.2%
To recent low   45.6%
Market Cap   $7.588b

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.

$. CGC price fluctuates within 7.9% (three month std-dev: 4.27%) daily (68% of days).

Sample size 2 Average positive next day return: 0%(0%) Average negative next day return: -1.05%(100%) Sample size 2 Average positive next three day return: 5.39%(50%) Average negative next three day return: -3.1%(50%) Sample size 2 Average positive next weekly return: 1.19%(50%) Average negative next weekly return: -3.1%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201203

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_3_2020	17.1	18.86	19.41	19.46	19.46	20.36	20.46(-2.25%)	UD	OpenLong	75	0.7	29	320	24	42	13.16	59%	0.23	86.5	4.27%	0.7	1.1	61	-0.6
2	Nov_2_2020	17.06	18.57	19.24	19.1	18.92	19.37	20.93(11.45%)	UT	OpenLong	75	1.1	25	140	24	29	15.67	59%	0.24	73.1	4.29%	2.1	1.5	61	-1.4
3	Oct_30_2020	17.02	18.28	19.11	18.62	18.58	18.56	18.78(0%)	DP	OpenShort	-65	0.1	-4	-10	-5	-1	4.48	55%	0.18	62	4.06%	1	0.3	46	-1.7
4	Oct_29_2020	16.99	18.06	19.02	18.81	18.7	18.47	18.78(2.4%)	N/A	N/A	0	-0	-8	-100	-12	3	3.01	55%	0.06	60	4.07%	1.1	0.4	56	-1.4
5	Oct_28_2020	16.98	17.84	18.96	19.11	19.07	18.6	18.34(-1.71%)	N/A	N/A	0	-0.4	-5	-180	-13	19	3.56	60%	0.06	61.8	4.1%	-0.8	0.2	56	-2.6

6	Oct_27_2020	16.97	17.66	18.98	19.34	19.44	18.93	18.66(0.7%)	UD	OpenLong	65	-0.3	5	-170	-9	47	3.03	60%	0.06	62.5	4.49%	-0.8	0.5	67	-0.5
7	Oct_26_2020	16.96	17.46	18.99	19.39	19.44	19.54	18.53(-6.08%)	UD	OpenLong	65	-0.4	13	0	-10	80	5.17	60%	0.12	58	4.5%	-1.7	0.5	71	-0.4
8	Oct_23_2020	16.94	17.25	19.09	19.64	19.65	19.96	19.73(-2.81%)	UD	OpenLong	75	0	46	110	14	140	5.1	63%	0.18	57.1	4.43%	0.4	1.1	72	1.1
9	Oct_22_2020	16.91	16.98	18.93	19.25	19.34	19.75	20.3(4.16%)	UT	HoldLong	65	0.5	54	160	19	158	8.44	63%	0.24	47.8	4.44%	1.7	1.5	76	1.2
10	Oct_21_2020	16.87	16.67	18.66	18.8	18.87	19.34	19.49(3.23%)	UT	OpenLong	75	0.3	52	190	13	168	10.11	63%	0.18	39.2	4.43%	0.7	1.3	74	0.9

11	Oct_20_2020	16.84	16.42	18.28	18.57	18.43	18.93	18.88(-4.69%)	UD	OpenLong	75	0.2	49	170	8	173	7.26	63%	0.12	33.9	4.41%	0.5	1.2	72	0.6
12	Oct_19_2020	16.82	16.26	17.86	18.53	18.32	18.4	19.81(11.54%)	UT	OpenLong	75	0.6	49	-0	6	179	14.3	66%	0.18	34.2	4.37%	2.3	1.8	75	0.7
13	Oct_16_2020	16.79	16.04	17.37	18.49	18.3	17.94	17.76(-1.61%)	UD	OpenLong	65	-0.4	45	-170	-7	199	2.76	62%	-0.24	35.5	4.14%	-0.9	1	72	1.4
14	Oct_15_2020	16.83	15.96	17.03	18.55	18.54	18.23	18.05(-1.58%)	UD	OpenLong	65	-0.3	51	-120	-3	213	3.38	62%	-0.12	38.3	4.14%	-0.6	1.2	73	1.6
15	Oct_14_2020	16.85	15.86	16.66	18.47	18.58	18.66	18.34(-1.93%)	UD	OpenLong	75	-0.1	68	50	16	225	3.43	62%	-0.12	38.4	4.16%	-0.9	1.5	74	2

16	Oct_13_2020	16.87	15.75	16.25	17.91	18.13	18.85	18.7(-4.64%)	UD	OpenLong	75	0.5	78	310	36	205	9.28	62%	0.12	30.8	4.16%	0	1.8	73	2.1
17	Oct_12_2020	16.85	15.61	15.82	17.03	17.22	18.51	19.61(8.52%)	UT	OpenLong	75	1.7	75	560	49	151	14.45	65%	0	19.2	4.11%	1.1	2.7	64	2.7
18	Oct_9_2020	16.85	15.42	15.25	16.1	16.14	17.42	18.07(2.5%)	UT	OpenLong	75	1.7	59	560	50	87	12.69	65%	0	2.5	4.12%	1	2.2	61	2.6
19	Oct_8_2020	16.85	15.31	14.83	15.29	15.27	15.92	17.63(13.52%)	UT	OpenLong	75	2.2	35	290	40	19	14.2	65%	0.06	-19.2	4.12%	2	2.2	54	1.7
20	Oct_7_2020	16.84	15.23	14.47	14.61	14.57	14.87	15.53(8.45%)	DP	OpenShort	-65	0.9	-3	140	14	-52	4.97	59%	-0.12	-40	3.77%	1.6	0.3	42	1

21	Oct_6_2020	16.86	15.26	14.36	14.37	14.39	14.61	14.32(-4.15%)	DT	HoldShort	-50	-0.1	-20	110	4	-92	3.38	55%	-0.12	-47.2	3.63%	-0.2	-1	29	0.3
22	Oct_5_2020	16.88	15.33	14.52	14.4	14.33	14.26	14.94(6.33%)	DP	OpenShort	-65	0.6	-18	-50	7	-94	4.27	58%	-0.06	-51.3	3.62%	2.1	-0.4	33	0.6
23	Oct_2_2020	16.89	15.39	14.58	14.26	14.3	14.17	14.05(-1.06%)	DT	HoldShort	-65	-0.2	-32	-60	-4	-116	2.93	54%	0	-58.3	3.55%	-0.9	-1.4	19	0.4
24	Oct_1_2020	16.89	15.52	14.8	14.28	14.35	14.4	14.2(-0.84%)	DT	OpenShort	-75	-0.1	-29	40	-1	-113	2.75	54%	0.06	-60.2	3.55%	-1.6	-1.4	25	0.8
25	Sep_30_2020	16.88	15.63	15.01	14.29	14.3	14.44	14.32(-1.24%)	DT	HoldShort	-65	0	-28	70	0	-112	2.42	54%		-63.9	3.56%	-0.7	-1.5	24	0.8
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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