Stock Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Canopy Growth Corp (TSE:WEED)
Countertrend Down (-85) - WEED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid WEED?
MarketClub looks at technical strength and momentum to determine if the timing is right for WEED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for WEED
The long-term trend has been DOWN since May 3rd, 2021 at 31.70
The intermediate-term trend has been DOWN since Nov 29th, 2021 at 14.24
The short-term trend has been UP since Dec 7th, 2021 at 13.32
Smart Scan Analysis for WEED
Based on our trend formula, WEED is rated as a -85 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|