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 for Canopy Growth Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Canopy Growth CGC at this time. Stock is falling and might fall more.

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

Stock of Canopy Growth (CGC) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Canopy Growth is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Canopy Growth stays below 4.6, but if it comes above 4.6, then a intra day buy could be more profitable.
If you take a sell trade below 4.6, then use 4.6 as stoploss and 4.4 as target. However if you take a buy trade in Canopy Growth, then use 4.6 as stoploss and 4.75 as target.

CGC Canopy Growth is falling or rising NEWS fundamental reasons

More announcements and NEWS

CGC Canopy Growth Corporation current price & indicator signals

Moving Averages for Canopy Growth Corporation

  • 5Day Average: 4.56
  • 12Day Average: 4.59
  • 20Day Average: 4.68
  • 50Day Average: 5.58
  • 100Day Average: 6.56
  • 150Day Average: 6.91
  • 200Day Average: 6.24

CGC Indicators & signals

Indicator MACD (12,26,9)

4.61, 4.89, -0.34
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 31.25, 21.88
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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
03 Thu Oct 2024 4.58 4.37 to 4.61 3.62% 1.37 times
02 Wed Oct 2024 4.42 4.25 to 4.44 0.23% 0.98 times
01 Tue Oct 2024 4.41 4.38 to 4.85 -8.51% 2.01 times
30 Mon Sep 2024 4.82 4.56 to 5.31 5.47% 2.68 times
27 Fri Sep 2024 4.57 4.50 to 4.63 1.11% 0.63 times
26 Thu Sep 2024 4.52 4.42 to 4.54 2.49% 0.68 times
25 Wed Sep 2024 4.41 4.35 to 4.61 -4.13% 0.7 times
24 Tue Sep 2024 4.60 4.54 to 4.80 0.66% 0.71 times
23 Mon Sep 2024 4.57 4.51 to 4.71 -1.51% 0.53 times
20 Fri Sep 2024 4.64 4.55 to 4.74 -1.49% 0.48 times
19 Thu Sep 2024 4.71 4.67 to 4.96 -1.26% 0.61 times
18 Wed Sep 2024 4.77 4.75 to 5.02 -2.45% 0.58 times

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CGC NEWS why is Canopy Growth Corporation price falling or rising

 

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