Trading Signals: CGC Stock Price Prediction and Forecast

^ CGC: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Feb. 12, 2020

Trading Signals: CGC Stock Price Prediction and Forecast (Wed. Oct. 19, 2016 - Wed. Sep. 14, 2022)

(Canopy Growth Corporation)
CGC latest price $19.6500 (-1.31%) ($19.3400 - $20.3000) on Wed. Feb. 12, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.64% (three month average)
RSI   31
Latest Price   $19.6500(-1.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CGC declines -2% a day on average for past five trading days.
Weekly Trend   CGC declines -7.6% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CGC advance at 0% a week (0% probability)
ARKK(53%)    IBUY(53%)    IWO(52%)    ACES(51%)    IPO(51%)
Factors Impacting CGC price   CGC will decline at least -2.82% in a week (0% probabilities).
VXX(-36%)    VIXM(-35%)    UUP(-16%)    TLT(-13%)    SHY(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.82% (StdDev 5.64%)
Hourly BBV 0.2 ()
Intraday Trend -2.3%

1 - 5 Day Possible Target   $5.69(-71.04%)
Resistance Level   $22.39
5 Day Moving Average   $19.88(-1.16%)
10 Day Moving Average   $21.06(-6.7%)
20 Day Moving Average   $22.39(-12.24%)
To recent high   -21.1%
To recent low   38.2%
Market Cap   $7.288b

Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada.

$. CGC price fluctuates within 8.13% (three month std-dev: 5.64%) daily (68% of days).

Sample size 5 Average positive next day return: 4.31%(40%) Average negative next day return: -1.98%(60%) Sample size 5 Average positive next three day return: 4.57%(40%) Average negative next three day return: -3.04%(60%) Sample size 5 Average positive next weekly return: 4.85%(60%) Average negative next weekly return: -7.54%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200312

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Feb_12_2020	20.67	22.39	21.06	19.88	19.64	19.67	19.65(-1.31%)	DT	OpenShort	-75	-0.1	-26	-30	-7	-84	5.13	61%	-0.19	-30.3	5.64%	0.2	-1.5	31	1
2	Feb_11_2020	20.71	22.61	21.44	20.29	20.04	19.4	19.91(4.51%)	DP	OpenShort	-75	-0.2	-29	-260	-13	-78	8.85	59%	-0.29	-15.9	5.67%	0.8	-1.6	34	0.1
3	Feb_10_2020	20.77	22.79	21.84	20.77	20.68	19.6	19.05(-2.95%)	DT	OpenShort	-75	-1.1	-36	-380	-24	-72	5.75	59%	-0.34	-0.4	5.69%	-1	-2.3	29	0.2
4	Feb_7_2020	20.84	22.9	22.13	21.38	21.46	20.68	19.63(-7.27%)	DT	OpenShort	-75	-1.2	-34	-240	-22	-68	11.48	62%	-0.33	13.4	5.89%	-1.4	-2.3	29	-0.1
5	Feb_6_2020	20.91	22.99	22.46	21.97	22.08	21.77	21.17(-2.31%)	DT	OpenShort	-75	-0.6	-24	-80	-12	-58	4.87	65%	-0.38	29.9	5.81%	-1.6	-1.4	37	0.2

6	Feb_5_2020	20.99	22.96	22.79	22.4	22.42	22.25	21.67(-3%)	DT	OpenShort	-75	-0.5	-18	-50	-8	-48	6.57	65%	-0.33	34.1	5.81%	-1.3	-0.9	36	0.1
7	Feb_4_2020	21.06	22.89	23.04	22.77	22.75	22.38	22.34(1.04%)	DP	OpenShort	-75	-0.3	-16	-120	-8	-39	5.06	65%	-0.24	41.5	5.8%	0	-0.4	45	-0.7
8	Feb_3_2020	21.11	22.79	23.22	23.09	23.09	22.6	22.11(-1.95%)	DT	OpenShort	-75	-0.6	-10	-150	-4	-26	5.24	65%	-0.28	47.3	5.81%	-1	-0.4	48	-1.4
9	Jan_31_2020	21.17	22.7	23.49	22.98	23.31	23.12	22.55(-3.43%)	DT	OpenShort	-75	-0.2	-5	-10	-3	-12	6.41	65%	-0.19	44.9	5.8%	-1.7	-0.1	62	-2.4
10	Jan_30_2020	21.21	22.6	23.67	23	23.04	23.59	23.35(-0.72%)	N/A	N/A	0	0.2	-2	170	-3	2	4.46	65%	-0.19	44.3	5.79%	-0.3	0.4	64	-0.4

11	Jan_29_2020	21.25	22.48	23.82	23.24	23.13	23.51	23.52(-1.67%)	UD	OpenLong	75	0.1	12	100	6	31	7.23	63%	-0.19	51.1	5.79%	0.7	0.5	67	-0.7
12	Jan_28_2020	21.29	22.26	23.85	23.36	23.26	22.49	23.92(10.95%)	UT	HoldLong	50	0.3	9	-240	-4	48	10.58	63%	-0.14	50.5	5.83%	1.1	0.9	69	-0.7
13	Jan_27_2020	21.32	22.03	23.78	23.41	23.5	22.75	21.56(-4.81%)	N/A	N/A	0	-0.9	-5	-210	-25	57	6.31	60%	-0.33	46.7	5.67%	-1.4	-0.2	62	-1.9
14	Jan_24_2020	21.39	21.93	23.74	24.07	24.22	24.04	22.65(-7.78%)	UD	OpenLong	65	-0.7	16	-30	-8	89	9.34	60%	-0.19	53.5	5.63%	-2.3	0.3	68	0
15	Jan_23_2020	21.43	21.8	23.6	24.4	24.41	24.24	24.56(1.82%)	UT	HoldLong	50	0.1	25	-50	-3	109	6.18	63%	0	55.4	5.54%	0.3	1.3	77	1.2

16	Jan_22_2020	21.43	21.55	23.17	24.47	24.56	24.41	24.12(-0.12%)	UD	OpenLong	65	-0.2	27	-30	-1	111	7.11	63%	0	56.7	5.55%	0	1.2	66	1.1
17	Jan_21_2020	21.43	21.34	22.76	24.42	24.68	24.58	24.15(-2.97%)	UD	OpenLong	75	-0.1	34	0	4	122	9.67	63%	0	56.7	5.56%	0	1.3	75	1.4
18	Jan_17_2020	21.43	21.13	22.36	24.21	24.31	24.7	24.89(2.43%)	UT	OpenLong	75	0.3	45	120	16	131	12.46	64%	0.05	54.8	5.52%	0	1.9	75	1.9
19	Jan_16_2020	21.42	20.85	21.85	23.34	23.63	24.78	24.3(-2.41%)	UD	OpenLong	75	0.5	47	380	25	114	13.25	64%	0	45.6	5.54%	0	2	74	2.2
20	Jan_15_2020	21.42	20.65	21.42	22.64	22.58	23.93	24.9(4.4%)	UT	OpenLong	75	1.4	51	410	35	100	20.99	66%	0.09	40	5.54%	0	2.7	71	2

21	Jan_14_2020	21.4	20.4	21	21.69	21.53	22.48	23.85(3.2%)	UT	OpenLong	75	1.8	42	290	30	77	24.2	66%	-0.09	26	5.57%	0	2.9	69	2.3
22	Jan_13_2020	21.42	20.22	20.48	20.88	20.69	21.23	23.11(12.51%)	UT	OpenLong	75	2.5	25	160	19	43	18.37	66%	-0.09	20	5.58%	0	3.3	65	2.5
23	Jan_10_2020	21.44	20.1	20.07	20.27	20.26	20.58	20.54(-1.25%)	UD	OpenLong	75	0.5	10	110	7	17	6.21	57%	-0.19	21.9	5.4%	0	0.8	54	1.4
24	Jan_9_2020	21.48	20.08	19.94	20.14	20.07	20.16	20.8(3.33%)	UT	OpenLong	75	1.1	6	20	5	10	7.93	57%	-0.28	28.8	5.56%	0	1.2	58	1.4
25	Jan_8_2020	21.54	20.04	19.84	20.01	19.95	19.95	20.13(1.67%)	DP	OpenShort	-75	0.2	-4	-10	-5	-2	8.26	57%		32.2	5.54%	0	0.2	47	0.7
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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