Stock Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Canopy Growth Corp (NYSE:CGC)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CGC
The long term trend has been DOWN since Dec 6th, 2018 at 30.2600
The intermediate term trend has been UP since Jan 9th, 2019 at 31.2799
The short term trend has been UP since Dec 28th, 2018 at 27.6400
Smart Scan Analysis for CGC
Based on a pre-defined weighted trend formula for chart analysis, CGC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||59.25||Year High Date||2018-10-16|
|Year Low||24.21||Year Low Date||2018-07-20|
|52wk High||59.25||52wk High Date||2018-10-16|
|52wk Low||24.21||52wk Low Date||2018-07-20|