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CGC NEWS why is Canopy Growth Corporation price falling or rising

CGC NEWS reasons for why stock price of Canopy Growth Corporation is falling or rising

CGC Canopy Growth is falling or rising technical reasons

Technical analysis forecast of Canopy Growth Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Canopy Growth CGC at this time. Stock is rising and might rise more.

It appears as if Canopy Growth CGC gave a large move recently.

Stock of Canopy Growth (CGC) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Canopy Growth is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Canopy Growth stays above 23.5, but if it comes below 23.5, then a intra day sell could be more profitable.
If you take a sell trade below 23.5, then use 23.5 as stoploss and 21.24 as target. However if you take a buy trade in Canopy Growth, then use 23.5 as stoploss and 26.1 as target.

CGC Canopy Growth is falling or rising NEWS fundamental reasons

Canopy Growth Corporation (CGC) Suffers a Larger Drop Than the General Market: Key Insights Canopy Growth Corporation (CGC) concluded the recent trading session at .66, signifying a -4.6% move from its prior day's close. - NEWS as on 2025-12-15 nasdaq.com

More announcements and NEWS

CGC Canopy Growth Corporation current price & indicator signals

Moving Averages for Canopy Growth Corporation

  • 5Day Average: 24.16
  • 12Day Average: 21.95
  • 20Day Average: 20.86
  • 50Day Average: 17.95
  • 100Day Average: 17.55
  • 150Day Average: 17.19
  • 200Day Average: 17.11

CGC Indicators & signals

Indicator MACD (12,26,9)

22.39, 20.57, 1.44
Indicator MACD is in positive zone

Indicator ADX (14)

46.34, 37.04, 13.58
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CGC Canopy Growth Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Nov 2020 24.43 23.54 to 24.60 2.6% 0.44 times
12 Thu Nov 2020 23.81 23.53 to 24.65 -1.81% 0.41 times
11 Wed Nov 2020 24.25 22.94 to 24.70 2.28% 0.54 times
10 Tue Nov 2020 23.71 22.53 to 24.53 -3.54% 0.64 times
09 Mon Nov 2020 24.58 24.13 to 26.95 4.6% 1.24 times
06 Fri Nov 2020 23.50 21.90 to 24.98 10.85% 2.42 times
05 Thu Nov 2020 21.20 19.60 to 21.64 11.58% 1.24 times
04 Wed Nov 2020 19.00 18.32 to 19.57 -7.14% 1.14 times
03 Tue Nov 2020 20.46 19.57 to 21.13 -2.25% 0.95 times
02 Mon Nov 2020 20.93 19.00 to 21.67 11.45% 1.12 times
30 Fri Oct 2020 18.78 18.18 to 18.82 0% 0.32 times
29 Thu Oct 2020 18.78 18.13 to 18.97 2.4% 0.21 times

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CGC NEWS why is Canopy Growth Corporation price falling or rising

 

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