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Stock Trend Analysis Report
Prepared for you on Sunday, January 16, 2022.
Canopy Growth Corporation - Common Shares (NASDAQ:CGC)
Long-Term Downtrend (-90) - CGC is in a strong downtrend that is likely to continue. While CGC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CGC
The long-term trend has been DOWN since May 4th, 2021 at 25.110
The intermediate-term trend has been DOWN since Nov 24th, 2021 at 11.310
The short-term trend has been DOWN since Jan 13th, 2022 at 8.415
Smart Scan Analysis for CGC
Based on our trend formula, CGC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.320 | 8.460 | 8.085 | 8.400 | -0.010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.400 | 5686203 | 2022-01-14 15:59:54 |
| 52wk High | 56.4965 | 52wk High Date | 2021-02-10 |
| 52wk Low | 7.96 | 52wk Low Date | 2022-01-06 |
| Average Volume | 6,849,117 | Shares Outstanding | 393,649 |
| Assets | 649,075,600M | Liabilities | 225,036,900M |
| P/E Ratio | -6.6416 |