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CANOPY GROWTH CORPORATIONCANOPY GROWTH CORPORATIONCANOPY GROWTH CORPORATION

CANOPY GROWTH CORPORATION

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$CGCCanopy Growth Corp stock is lower by -10.07% over the last 12 months, and the average rating from Wall Street analysts is a Hold. InvestorsObserver’s proprietary ranking system, gives CGC stock a score of 33 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 12. CGC's rank also includes a short-term technical score of 16. The fundamental score for CGC is 71. In addition to the average rating from Wall Street analysts, CGC stock has a mean target price of $23.14. This means analysts expect the stock to rise 56.12% over the next 12 months. But when we move to the technical side of things, Canopy Growth Corporation has been struggling to break above resistance for quite some time. It’s also sitting in oversold territory so you’d expect price to retest resistance sometime next week. If price is able to break above I have no question in my mind this will be a huge win. Keep this on your watchlist. - Factor Four
NASDAQ:CGCLong
by TheBlankFund
Daily Falling Wedge Heading into SeasonalityKeeping a sharp eye on this daily falling wedge that has developed along with bullish divergence. We know MJ has seasonality around voting season with more states putting legalization on ballots etc. Price is also in a historical buy zone currently going back years. So fundamentally this is cheaper than in the past since more has developed in the sector since those price support levels back then. Drilling down to the hourly we have oversold conditions in the teens along with the wedge trendline from the daily. Putting all the pieces of the puzzle together and I believe we will see a sentiment shift in the sector and this name is primed for at the very least a bounce, which could potentially put in the bottom here
NASDAQ:CGCLong
by Natestradamus
CGC - Your chance to feel good about your weed addictionThis is truly, your one and only chance to prove to your wife that your weed addiction is paying off. After awhile, she will join you, don't worry. You are just an early crusader, the pilgrim, the visionary and she doesn't know who she really married - THE LEGEND. This is your chance fellas don't blow it. I mean look at this beauty. I am holding this bag until it reached at least $100 and then $120. Options - F that. Buy and hold. If you want to get into a growing market - this is it. Do you know how many people out there have never tried it? Do you know what happens after they try it? A huge line around the corner waiting to get in the MedMen store - the Apple of cannabis. Watch Tilray, CGC, Medmen, etc, closely.
NASDAQ:CGCLong
by bossmodetrader
2
Canopy Growth Corporation LONG POSITIONCanopy Growth Corp. engages in the production and sale of medical cannabis. In the recent period, we can observe a descending triangle pattern as well as a downtrend. Last days, stocks reached the bottom-line of the Keltner channel. Fibonacci retracement pattern was used to indicate targets. The RSI shows a bullish divergence. According to the MACD, we see a bullish confirmation hence the trend should move upwards. Also, the MACD line is located below the zero line, indicating the market is oversold. Conclusion: Position: LONG Entry range: $ 18.04 - ​$ 19.56 Target range: $ 25.34 - $ 26.68 Stop loss: $ 17.34 NO financial advice
NASDAQ:CGCLong
by vf_investment
3
a bull set-up from Stochastic Full indicator.According to the Chart School from Stockcharts.com, a bull set-up from stochastic full is basically the inverse of a bullish divergence . The underlying security forms a lower high, but the Stochastic Oscillator forms a higher high. Even though the stock could not exceed its prior high, the higher high in the Stochastic Oscillator shows strengthening upside momentum. The next decline is then expected to result in a tradable bottom. Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears). Diagonal lines from Fib fan/channel are for trend-determination and additional levels for active trading. The market is actively moving so the entries and exits constantly change. Trade small if you want to practice!
NASDAQ:CGCLong
by KhanhC.Hoang
1
assess its risks to capture its volatility into its earningIts earning is in the first week of August. Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator. Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears). Diagonal lines from Fib channel/fan are for trend-determination and additional levels for active trading. The market is actively moving so the entries and exits constantly change. Trade small if you want to practice!
NASDAQ:CGC
by KhanhC.Hoang
CGC Weekly PlayPlease excuse the very rough drawing of the Cup and Handle pattern. I used the drawing tool so the candles didn't all fit. Crossed up on the top half of the Handle, bullish signal. The daily shows good RSI, with another bullish signal in the future for more buyers whenever it crosses the 200MA. Been bouncing around this 24.00 support line (noticeable on 1hr chart) for awhile now as well. I will enter a small swing position (anticipating it to cross up on the 200MA) for the short term while watching for a long term hold confirmation.
NASDAQ:CGCLong
by gabe-arroyo