Stock Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Canopy Growth Corporation - Common Shares (NASDAQ:CGC)
Strong Uptrend (+100) - CGC is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CGC continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for CGC
The long-term trend has been UP since Sep 8th, 2023 at 0.8642
The intermediate-term trend has been UP since Dec 4th, 2023 at 0.6462
The short-term trend has been UP since Dec 1st, 2023 at 0.5720
Smart Scan Analysis for CGC
Based on our trend formula, CGC is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.31||52wk High Date||2022-12-08|
|52wk Low||0.346||52wk Low Date||2023-07-17|
|Average Volume||23,691,665||Shares Outstanding||829,084|