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     Fri. Feb. 26, 2021

Trading Signals: CGC Stock Price Prediction and Forecast (Mon. Apr. 7, 2014 - Fri. Feb. 26, 2021)

(Canopy Growth Corporation)

CGC latest price $32.8250 (-0.95%) ($32.8250 - $32.8250) on Fri. Feb. 26, 2021.


Trend Analysis and Forecast
 
Trend Pattern  Growing Downtrend
Trend Narrative  Downtrend
Average Daily Price Swing  $4.75 (11.77% one month average)
Average Daily Percentage Swing  5.26% (three month average)
Weekly Trend Force  -1.9% (StdDev 5.26%)
Daily Moving Force  -3.7%
Rebound Strength  None(0%)
Trend   -1.88%
Trend Strength  -8.3%
RSI   38
Momentum  2.2
Latest Price  $32.8250(-0.95%)
Forecasted Low Price  30.72(-6.4%)
Forecasted High Price  33.25(1.3%)
Direction of Next Movement  Lower(-4.6%)
% Change Needed to Confirm Rebound  12% ((36.75))
% Change Needed for Trend Reversal  15.3%
Hourly Trend   -4.3% [$32.98(-1.41), $34.23(-1.03)]
Stocks Behave Similarly  Similar Stock List
Complacency  1
Intraday Reversal Probability  There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend  CGC declines -3.2% a day on average for past five trading days.
Weekly Trend  CGC declines -12.9% a week on average for past two weeks.
Market Behavior  Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs  Broad market will support CGC decline at-0.4% a week (56% probability)
  MJ(89%)    OIH(39%)    XOP(37%)    LIT(36%)    REMX(34%)  
Factors Impacting CGC price  CGC will advance at least 0.9% in a week (8% probabilities).
  XLV(-10%)    UUP(-10%)    EMHY(-8%)    BWX(-7%)    TBT(-5%)  
Explanation   The decline is not sustainable and not supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   -1.5
 
Relative Volatility   0.5 (options are expensive)
 
Market Trend Strength  -1.4% (StdDev 5.26%)
Hourly BBV   -2.1 ()
Intraday Trend   0%
  
 

  


Next Day Open Price  $32.73(-0.3%)
1 - 5 Day Possible Target  $27.03(-17.65%)
Resistance Level  $40.36
5 Day Moving Average  $34.78(-5.62%)
10 Day Moving Average  $37(-11.28%)
20 Day Moving Average  $40.36(-18.67%)
To recent high  -36.8%
To recent low  34.8%
Market Cap  $12.174b
 
Option Sentiment  
 
 
Earning Release Date  Fri. Feb. 14, 2020
Analyst One Year Target Price  $20.47 ($13.50 - $29.30)
  20 analysts (last updated on Sat. Nov. 21, 2020)
% to Average Target Price  -37.64%
% to Low Target Price  -58.87%
% to High Target Price  -10.74%
 
 


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.


$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. CGC price fluctuates within 11.77% (three month std-dev: 5.26%    one year average std_dev: 0%) daily (68% of days).
$. CGC price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   Hourly Chart   15 Minute Chart

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
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Fast Hourly
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CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
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TrendTrend
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RSIMomentumTrend
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CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Feb_26_202140.36 (-0.2%)37 (-2.6%)34.78 (-3.2%) 34.23 32.98(0%)32.83(-0.95%)32.83-32.83-1.5(-1.6)-2.1 -3.7%-1.9%0%-1.88%-8.3%382.2 Growing Downtrend  Lower(-5.1%)1-1.50.4Downtrend 31.25(-4.8%)30.13-33.893.44   -36.8%-34.8% 
2Feb_25_202140.76 (0%)37.82 (-2.4%)35.94 (-1.9%) 35.26 34.39(0%)33.14(-7.03%)33.14-33.14-1.3(-1.7)-4 -3.1%-3.5%0%-1.7%-7.2%382 Growing Downtrend  Lower(-3.1%)2-1.50.5Correction 27.83(-16.01%)27.04-30.994.73   -36.2%-36.1% 
3Feb_24_202141.04 (0.2%)39.62 (-2%)36.62 (-2.6%) 36.63 35.48(0%)35.65(0.96%)35.65-35.65-1.1(-1.3)-1 -1.6%-2.3%0%-1.32%-3.5%391.9 Growing Downtrend  Lower(-3.9%)3-1.21.1Correction 31(-13.05%)30.28-33.863.58   -31.3%-46.4% 
4Feb_23_202141.09 (0.4%)40.92 (-1.4%)37.59 (-3.5%) 36.86 36.14(0%)35.31(-4.53%)35.31-35.31-0.8(-1.4)-1.9 -4.1%-1.5%0%-0.9%-0.4%451.9 Growing Downtrend  Lower(-3.3%)4-1.31.5Correction 31.66(-10.35%)31.05-34.078   -32%-45% 
5Feb_22_202141.04 (0.6%)41.8 (-1%)38.94 (-1.6%) 38.16 37.79(0%)36.98(-4.22%)36.92-36.98-0.5(-0.9)-3.2 -1%-1%0%-0.52%1.9%502 Growing Downtrend  Range(0.1%)4-0.91.7Correction 34(-8.06%)33.45-36.24.31   -28.8%-51.9% 
 
6Feb_19_202140.95 (0.6%)42.46 (-0.8%)39.56 (-1.1%) 39.42 37.59(0%)38.61(5.55%)38.61-38.61-0.3(-0.5)-1.1 -1.8%-0.8%0%-0.32%3.7%522.1 Downtrend Pop  Range(-2.6%)5-0.41.9Correction 36.13(-6.43%)35.61-38.185.66   -25.6%-62.8% 
7Feb_18_202140.74 (0.8%)43.04 (-0.4%)40.01 (-7.1%) 39.8 38.52(0%)36.58(-9.63%)36.52-36.58-0.1(-0.9)-2.3 -5.9%-1.4%0%-0.1%5.6%502.3 Growing Downtrend  Range(-2.5%)6-0.81.9Correction 33.7(-7.88%)33.14-35.938.11   -29.6%-54.4% 
8Feb_17_202140.66 (1.2%)43.93 (0.6%)43.08 (-3.8%) 40.87 41.26(0%)40.48(-3.71%)40.48-40.480.4(-0)-4 -2.7%-0.1%0%0.84%8%602.4 Downtrend Reversal  Range(-0.9%)7-0.12.1Uptrend Consolidation 40.5(0.05%)40.23-41.34.72   -22%-70.8% 
9Feb_16_202140.35 (1.6%)44.12 (1.4%)44.79 (-0.7%) 43.74 41.07(0%)42.04(4.85%)42.04-42.040.8(0.3)-3 -0.6%0.5%0%1.48%9.3%662.5 Correction  Range(-0.1%)70.22Uptrend 44.18(5.09%)41.64-45.277.24   -19%-77.4% 
10Feb_12_202139.94 (1.8%)43.98 (2%)45.12 (-1.3%) 45.48 40.49(0%)40.1(-1.91%)40.1-40.11.1(0)-1 -8.2%0.1%0%1.88%10.1%692.7 Downtrend Reversal  Lower(-7.1%)80.12.1Uptrend Consolidation 40.73(1.56%)40.1-42.611.19   -22.8%-69.2% 
 
11Feb_11_202139.69 (2%)44.07 (2.4%)45.71 (-1.4%) 46.38 46.4(0%)40.88(-21.29%)40.88-40.881.4(0.2)-1 -5%0.3%0%2.32%11%672.8 Correction  Higher(5.9%)90.32.2Uptrend Consolidation 41.3(1.03%)40.32-44.2528.74   -21.3%-72.5% 
12Feb_10_202139.28 (2.2%)44.04 (3%)46.35 (3.1%) 46.92 50.48(0%)51.93(5.94%)51.93-51.931.8(2.2)1.8 5.9%3.2%0%2.82%12.1%873.5 Overbought  Higher(9.1%)92.32.2Uptrend 58.68(13%)49.12-62.7828.73   0%-119.2% 
13Feb_9_202138.2 (2.2%)42.57 (3%)44.94 (3.4%) 44.96 46.36(0%)49.02(12.2%)49.02-49.021.8(2.1)1.8 4.6%3%0%2.76%11.4%853.2 Growing Uptrend  Higher(7.6%)92.12Uptrend 54.71(11.61%)46.74-58.1322.77   0%-106.9% 
14Feb_8_202137.29 (2.2%)41.2 (2.8%)43.47 (1.7%) 43.92 43.36(0%)43.69(1.55%)43.69-43.691.7(1.4)2 0.4%2.3%0%2.6%10.5%813.2 Growing Uptrend  Higher(2.7%)91.31.8Uptrend 48.39(10.75%)42.49-50.925.58   -2.7%-84.4% 
15Feb_5_202136.61 (2.4%)40.16 (2.6%)42.74 (1.4%) 43.42 43.56(0%)43.03(-2.42%)43.03-43.031.8(1.4)0.9 -0.3%2.1%0%2.52%9.7%813 Uptrend  Higher(3%)91.41.7Uptrend 47.33(9.99%)41.83-49.695.35   -4.1%-103% 
 
16Feb_4_202135.98 (2.4%)39.27 (2.4%)42.16 (2%) 42.67 44.49(0%)44.09(-1.77%)44.09-44.091.9(1.8)2 2.5%2.5%0%2.48%9.1%782.9 Growing Uptrend  Higher(5.9%)91.81.5Relative Overbought 47.26(7.19%)39.22-53.845.4   -1.8%-132.1% 
17Feb_3_202135.27 (2.6%)38.21 (2.4%)41.32 (3.7%) 41.68 43.28(0%)44.89(7.72%)44.89-44.892(2.3)2.3 4.4%2.9%-1.8%2.44%8.3%842.7 Overbought  Range(-1.1%)92.21.7Growing Uptrend 49.51(10.3%)42.79-51.29.26   0%-136.3% 
18Feb_2_202134.36 (2.4%)37.05 (2.2%)39.84 (3.2%) 40.43 40.85(0%)41.67(4.1%)41.67-41.671.9(1.9)3.1 2.3%2.3%0%2.24%7.8%832.6 Growing Uptrend  Higher(4.6%)81.91.4Growing Uptrend 45.45(9.08%)40.16-46.786.2   0%-119.3% 
19Feb_1_202133.58 (2.2%)36.21 (2%)38.61 (3.9%) 39.39 40.08(0%)40.03(-0.25%)40.03-40.031.8(1.7)3.8 1.7%2%0%2.02%7.8%792.5 Growing Uptrend  Higher(3.8%)81.81.1Relative Overbought 42.08(5.12%)36.3-46.814.32   -0.2%-110.7% 
20Jan_29_202132.82 (2%)35.52 (1.6%)37.15 (3.5%) 38.25 40.01(0%)40.13(0.66%)40.13-40.131.7(2.1)2.5 3.8%1.9%0%1.74%8.3%812.4 Growing Uptrend  Higher(5.7%)82.10.2Uptrend 42.26(5.32%)38.61-43.8310.41   0%-113.7% 
 
21Jan_28_202132.07 (1.8%)34.91 (1.4%)35.9 (3.6%) 36.4 38.7(0%)39.87(6.28%)39.87-39.931.5(2.2)2.9 4.8%2.3%0%1.58%8.9%782.5 Overbought  Higher(7.1%)82.20.6Growing Uptrend 42.41(6.36%)38.19-43.467.65   0%-117.4% 
22Jan_27_202131.28 (1.6%)34.11 (1.2%)34.64 (2.2%) 34.91 36.5(0%)37.51(5.68%)37.51-37.511.3(1.8)1.9 4.6%2%0%1.32%9%772.5 Growing Uptrend  Higher(6.6%)820.9Uptrend 39.02(4.03%)36.27-40.28.98   0%-104.5% 
23Jan_26_202130.64 (1.4%)33.45 (1.2%)33.88 (1.2%) 33.92 34.11(0%)35.5(8.45%)35.5-35.51.1(1.4)1.3 1.8%1.3%0%1.28%9.2%812.6 Growing Uptrend  Higher(3.1%)81.41.5Uptrend 36.89(3.91%)34.49-37.918.74   0%-93.6% 
24Jan_25_202130.15 (1.4%)33.04 (1.4%)33.49 (-0.4%) 33.47 33.31(0%)32.73(-3.41%)32.73-32.731.1(0.7)-1.1 -0.9%0.8%0%1.42%9.6%802.7 Correction  Range(1.6%)80.62.2Uptrend 34.3(4.8%)32.16-35.224.36   -5.2%-78.5% 
25Jan_22_202129.86 (1.4%)32.82 (2%)33.62 (-0.4%) 33.68 33.72(0%)33.89(0.97%)33.89-33.891.3(1.1)1.6 0.2%1.1%0%1.76%9.9%872.7 Growing Uptrend  Range(1.3%)91.22.1Uptrend Consolidation 33.22(-1.99%)32.27-36.052.57   -1.8%-84.8% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Strength
RSIMomentumTrend
Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
 
 
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