Stock Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Canopy Growth Corp (TSE:WEED)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 WEED
The long term trend has been DOWN since Dec 5th, 2018 at 40.000
The intermediate term trend has been DOWN since Oct 22nd, 2018 at 57.600
The short term trend has been DOWN since Dec 3rd, 2018 at 42.975
Smart Scan Analysis for WEED
Based on a pre-defined weighted trend formula for chart analysis, WEED scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||76.68||Year High Date||2018-10-16|
|Year Low||20.85||Year Low Date||2018-02-05|
|52wk High||76.68||52wk High Date||2018-10-16|
|52wk Low||17.16||52wk Low Date||2017-11-30|