Trading Signals: CGC Stock Price Prediction and Forecast

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

Mon. Nov. 30, 2020

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

(Canopy Growth Corporation)
CGC latest price $28.7700 (-0.14%) ($27.6550 - $29.4400) on Mon. Nov. 30, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.71% (three month average)
RSI   69
Latest Price   $28.7700(-0.14%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CGC advances 3.9% a day on average for past five trading days.
Weekly Trend   CGC advances 6.8% a week on average for past two weeks.
Market Behavior   Value stocks 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(58%)    ARKK(55%)    IPO(55%)    IWO(55%)    IWC(54%)
Factors Impacting CGC price   CGC will decline at least -2.355% in a week (0% probabilities).
VIXM(-36%)    VXX(-30%)    UUP(-23%)    TLT(-12%)    IGOV(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.355% (StdDev 4.71%)
Hourly BBV 0.5 ()
Intraday Trend 0%

5 Day Moving Average   $27.22(5.69%)
10 Day Moving Average   $25.77(11.64%)
20 Day Moving Average   $24.26(18.59%)
To recent high   -0.1%
To recent low   104.8%
Market Cap   $10.67b

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 10.1% (three month std-dev: 4.71%) daily (68% of days).

Sample size 22 Average positive next day return: 2.61%(50%) Average negative next day return: -2.65%(50%) Sample size 22 Average positive next three day return: 8.41%(59%) Average negative next three day return: -4.47%(41%) Sample size 22 Average positive next weekly return: 10.7%(68%) Average negative next weekly return: -5.45%(32%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201230

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_30_2020	18.51	24.26	25.77	27.22	27.65	28.54	28.77(-0.14%)	UD	OpenLong	75	0.6	50	270	33	100	9.42	71%	0.65	96.2	4.71%	0.5	1.8	69	1.1
2	Nov_27_2020	18.39	23.76	25.31	26.21	26.63	27.58	28.81(7.34%)	UT	OpenLong	75	1.1	44	300	33	76	7.45	71%	0.82	81.1	4.71%	-3.1	2	73	1.1
3	Nov_25_2020	18.24	23.26	24.78	25.22	25.47	26.77	26.84(-0.41%)	UD	OpenLong	75	0.6	36	390	28	60	4.02	70%	0.55	64.2	4.62%	0.6	1.4	77	1.3
4	Nov_24_2020	18.14	22.84	24.5	24.59	24.74	25.68	26.95(8.98%)	UT	HoldLong	65	0.9	40	280	30	69	12.35	70%	0.55	55.1	4.62%	1.4	1.6	83	1.1
5	Nov_23_2020	18.04	22.42	24.15	24.1	24.05	24.16	24.73(4.26%)	UT	OpenLong	75	0.3	19	30	4	64	5.33	68%	0.39	50.8	4.51%	1.8	0.9	69	1.1

6	Nov_20_2020	17.97	22.11	24.13	24.11	24.08	23.8	23.72(-0.61%)	UD	OpenLong	65	-0.2	17	-90	-5	83	2.97	68%	0.39	49.3	4.5%	-0.6	0.7	64	1.2
7	Nov_19_2020	17.9	21.92	24.11	24.25	24.3	23.93	23.87(0.72%)	UD	OpenLong	65	-0.2	26	-100	-5	117	3.07	68%	0.39	56.2	4.51%	-1	0.8	71	1.3
8	Nov_18_2020	17.83	21.73	23.88	24.24	24.38	24.36	23.7(-3.29%)	UD	OpenLong	65	-0.2	30	10	-5	135	4.72	68%	0.45	61.7	4.52%	-2.6	0.8	71	1.3
9	Nov_17_2020	17.75	21.52	23.46	24.35	24.37	24.67	24.5(-1.09%)	UD	OpenLong	75	0.1	44	90	7	156	4.71	68%	0.45	66	4.49%	0.1	1.2	75	1.6
10	Nov_16_2020	17.67	21.24	23.07	24.19	24.17	24.4	24.77(1.39%)	UT	OpenLong	75	0.2	46	60	6	167	4.82	68%	0.51	67.7	4.5%	1.5	1.5	74	1.6

11	Nov_13_2020	17.58	20.97	22.69	24.16	23.92	24.07	24.43(2.6%)	UT	OpenLong	75	0.1	49	10	3	188	6.18	68%	0.46	70.3	4.5%	0.9	1.5	74	1.5
12	Nov_12_2020	17.5	20.63	22.14	23.97	24.24	23.94	23.81(-1.81%)	UD	OpenLong	75	-0.1	57	-50	13	188	5.72	68%	0.4	70.6	4.49%	-1	1.5	65	1.1
13	Nov_11_2020	17.43	20.34	21.64	23.45	24.02	23.77	24.25(2.28%)	UT	OpenLong	75	0.4	55	0	18	165	7.55	65%	0.4	67.9	4.48%	-0.1	1.9	63	1.8
14	Nov_10_2020	17.36	20.03	21.05	22.4	23.22	24.55	23.71(-3.54%)	UD	OpenLong	75	0.7	48	510	24	121	9.03	67%	0.4	65.6	4.54%	-0.7	1.9	65	1.7
15	Nov_9_2020	17.29	19.77	20.53	21.75	22.05	24.26	24.58(4.6%)	UT	OpenLong	75	1.7	64	740	49	107	17.38	67%	0.41	75.6	4.6%	0.7	2.9	70	1.4

16	Nov_6_2020	17.22	19.49	19.9	21.02	20.84	21.89	23.5(10.85%)	UT	OpenLong	75	1.9	54	330	47	73	33.99	62%	0.41	98.8	4.63%	1.1	3.1	62	1.7
17	Nov_5_2020	17.15	19.2	19.48	20.07	20.1	19.85	21.2(11.58%)	UT	OpenLong	75	1.1	21	-80	15	37	17.38	59%	0.23	122.7	4.59%	1.5	2	65	1
18	Nov_4_2020	17.11	19.02	19.36	19.59	19.57	19.78	19(-7.14%)	UD	OpenLong	65	-0.5	5	70	-3	28	15.61	56%	0.06	109.8	4.36%	-1.2	-0	57	0.8
19	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
20	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

21	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
22	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
23	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
24	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
25	Oct_26_2020	16.96	17.46	18.99	19.39	19.65	19.54	18.53(-6.08%)	UD	OpenLong	65	-0.4	13	0	-10	80	5.17	60%		58	4.5%	-1.7	0.5	71	-0.4
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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