Trading Signals: CGC Stock Price Prediction and Forecast

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

Wed. May. 27, 2020

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

(Canopy Growth Corporation)
CGC latest price $19.9000 (-0.55%) ($18.5100 - $20.3500) on Wed. May. 27, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.94% (three month average)
RSI   72
Latest Price   $19.9000(-0.55%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CGC advances 2.8% a day on average for past five trading days.
Weekly Trend   CGC advances 12.9% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CGC advance at 0% a week (0% probability)
IBUY(51%)    IWC(50%)    IWO(50%)    ACES(49%)    ARKK(49%)
Factors Impacting CGC price   CGC will decline at least -2.97% in a week (0% probabilities).
VIXM(-32%)    VXX(-29%)    UUP(-24%)    TLT(-14%)    BND(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.97% (StdDev 5.94%)
Hourly BBV 0.3 ()
Intraday Trend -0.5%

5 Day Moving Average   $18.9(5.29%)
10 Day Moving Average   $17.28(15.16%)
20 Day Moving Average   $16.43(21.12%)
To recent high   -0.5%
To recent low   104.5%
Market Cap   $7.38b

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 10.89% (three month std-dev: 5.94%) daily (68% of days).

Sample size 27 Average positive next day return: 3.64%(52%) Average negative next day return: -2.95%(48%) Sample size 27 Average positive next three day return: 5.63%(67%) Average negative next three day return: -5.04%(33%) Sample size 27 Average positive next weekly return: 5.91%(52%) Average negative next weekly return: -5.12%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200627

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	May_27_2020	17.47	16.43	17.28	18.9	19.08	20	19.9(-0.55%)	UD	OpenLong	75	0.6	47	370	17	137	10.21	52%	0	48.3	5.94%	0.3	1.9	72	1.5
2	May_26_2020	17.47	16.24	16.75	18.38	18.49	19.52	20.01(3.04%)	UT	OpenLong	75	1	53	410	30	120	12.87	52%	-0.11	49.8	6.01%	1	2.4	69	1.3
3	May_22_2020	17.49	16.09	16.23	17.64	17.61	18.17	19.42(6.41%)	UT	OpenLong	75	1.3	39	220	23	88	13.98	50%	-0.06	51.6	5.99%	1.8	2.5	68	1.2
4	May_21_2020	17.5	15.88	15.79	16.93	17.02	17.47	18.25(7.8%)	UT	OpenLong	75	1.1	35	200	25	65	10.45	49%	0.06	44.6	5.98%	2	2.1	67	1.1
5	May_20_2020	17.49	15.7	15.48	16.05	16.38	17.05	16.93(-2.14%)	UD	OpenLong	75	0.9	25	350	24	29	6.76	46%	-0.23	27.2	5.9%	0.4	1.2	55	1.5

6	May_19_2020	17.53	15.6	15.3	15.38	15.43	16.58	17.3(6%)	N/A	N/A	0	1.9	15	530	22	-7	9.42	46%	-0.11	10.2	5.9%	1.3	1.7	50	0.9
7	May_18_2020	17.55	15.48	15.12	14.87	14.77	15.72	16.32(2.9%)	N/A	N/A	0	1.6	7	430	20	-32	9.35	45%	-0.17	-6.1	5.85%	1	0.9	47	1.4
8	May_15_2020	17.58	15.42	15.04	14.6	14.42	14.28	15.86(14.43%)	DP	OpenShort	-65	1.4	-10	-100	6	-58	11.87	45%	-0.17	-11	5.84%	2.4	0.5	39	1
9	May_14_2020	17.61	15.39	14.97	14.5	14.43	13.81	13.86(2.21%)	DP	OpenShort	-75	-0.7	-32	-320	-17	-77	4.45	44%	-0.23	-11.4	5.57%	-0.5	-1.7	42	0.8
10	May_13_2020	17.65	15.43	15.19	14.82	14.91	14.56	13.56(-8.19%)	DT	OpenShort	-75	-1.4	-25	-150	-14	-57	8.2	44%	-0.4	-3.9	5.83%	-1.8	-2.1	47	0.1

11	May_12_2020	17.72	15.5	15.54	15.18	15.25	15.04	14.77(-1.34%)	DT	OpenShort	-75	-0.5	-13	-80	-7	-30	7.37	46%	-0.28	10.2	5.75%	-1.4	-1	52	1.2
12	May_11_2020	17.77	15.54	15.73	15.37	15.4	15.25	14.97(-2.41%)	DT	OpenShort	-75	-0.5	-8	-60	-6	-13	4.44	46%	-0.28	23.5	5.75%	-1	-0.7	53	2.3
13	May_8_2020	17.82	15.52	15.98	15.53	15.61	15.45	15.34(-0.65%)	UD	OpenLong	65	-0.2	1	-60	-1	8	3.79	46%	-0.28	36.1	5.74%	-0.5	-0.2	54	2
14	May_7_2020	17.87	15.49	16.02	15.51	15.72	15.55	15.44(0.52%)	N/A	N/A	0	-0.1	-1	-40	-4	10	3.29	45%	-0.28	39.6	5.78%	-0.7	-0.1	55	1.4
15	May_6_2020	17.92	15.46	15.98	15.62	15.69	15.77	15.36(-2.54%)	N/A	N/A	0	-0.3	-3	50	-9	14	2.82	45%	-0.28	50.1	5.85%	-1.1	-0.1	60	0.8

16	May_5_2020	17.97	15.43	15.96	15.96	15.89	15.9	15.76(0.13%)	UD	OpenLong	65	-0.2	6	-10	-3	31	4.46	45%	-0.28	61.9	5.85%	0.7	0.4	59	1.1
17	May_4_2020	18.02	15.36	15.9	16.16	16.19	15.62	15.74(3.15%)	N/A	N/A	0	-0.5	0	-240	-11	34	8.2	45%	-0.28	66.5	5.86%	-0	0.4	54	0.5
18	May_1_2020	18.07	15.24	15.9	16.52	16.56	15.87	15.26(-4.63%)	UD	OpenLong	65	-1.3	6	-280	-11	55	5.34	45%	-0.33	64.9	5.8%	-1.2	0	58	0.4
19	Apr_30_2020	18.13	15.18	15.85	16.58	16.91	16.76	16(-6.21%)	UD	OpenLong	75	-0.6	19	-0	2	68	5.3	45%	-0.28	58.5	5.79%	-1.9	0.8	61	1.3
20	Apr_29_2020	18.18	15.06	15.71	16.35	16.6	17.25	17.06(1.91%)	UT	OpenLong	75	0.7	25	320	13	62	5.41	46%	-0.16	48.4	5.74%	0.4	1.9	66	1.7

21	Apr_28_2020	18.21	14.92	15.47	15.94	16.06	17.07	16.74(-4.51%)	UD	OpenLong	75	0.8	28	460	20	52	8.64	49%	-0.27	49	5.74%	0.4	1.9	66	1.2
22	Apr_27_2020	18.26	14.8	15.32	15.6	15.52	15.96	17.53(12.44%)	UT	OpenLong	75	2.3	27	180	21	46	11.19	49%	-0.05	54.5	5.88%	1.7	3.2	73	1.4
23	Apr_24_2020	18.27	14.63	14.99	15.13	15.08	15.05	15.59(5.2%)	UT	OpenLong	75	0.8	9	-20	2	30	6.41	44%	-0.16	82	5.69%	2.1	1.7	73	0.9
24	Apr_23_2020	18.3	14.6	14.99	15.03	15.08	15.07	14.82(-1.33%)	UD	OpenLong	75	-0.4	9	0	1	31	4.63	44%	-0.22	121.8	5.72%	-0.5	0.4	61	0.4
25	Apr_22_2020	18.34	14.56	14.89	14.96	15.1	15.11	15.02(-0.13%)	UD	OpenLong	75	0.1	10	30	1	37	3.68	44%		152.9	5.73%	-0.3	0.8	65	0.3
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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