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Stock Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Canopy Growth Corporation - Common Shares (NASDAQ:CGC)

Sidelines Mode (+55) - CGC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CGC?

MarketClub looks at technical strength and momentum to determine if the timing is right for CGC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_CGC
Open High Low CGC Price Change
7.60 7.72 7.38 7.47 -0.12
Entry Signal

MarketClub’s Trade Triangles for CGC

long term up The long-term trend has been UP since Mar 27th, 2024 at 8.349

intermediate term down The intermediate-term trend has been DOWN since May 28th, 2024 at 8.760

short term up The short-term trend has been UP since Jun 12th, 2024 at 7.430

Smart Scan Analysis for CGC

Based on our trend formula, CGC is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CGC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.60 7.72 7.38 7.47 -0.12
Prev. Close Volume Bid Ask Time
7.59 1751122 2024-06-13 16:00:00
52wk High19.252wk High Date2023-09-12
52wk Low2.75552wk Low Date2024-03-14
Average Volume8,154,102Shares Outstanding91,115
Assets130,033,000MLiabilities799,962,000M
P/E Ratio-0.25590000
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