Trading Signals: CGC Stock Price Prediction and Forecast

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

Fri. Aug. 7, 2020

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

(Canopy Growth Corporation)
CGC latest price $16.6300 (-5.08%) ($16.5900 - $17.7200) on Fri. Aug. 7, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.28% (three month average)
RSI   47
Latest Price   $16.6300(-5.08%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CGC declines -1.8% a day on average for past five trading days.
Weekly Trend   CGC advances 3.1% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CGC advance at 0% a week (0% probability)
IBUY(54%)    ARKK(52%)    IWC(52%)    IWO(52%)    ACES(51%)
Factors Impacting CGC price   CGC will decline at least -2.64% in a week (0% probabilities).
VIXM(-35%)    VXX(-30%)    UUP(-24%)    TLT(-13%)    IGOV(-10%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.64% (StdDev 5.28%)
Hourly BBV -1.5 ()
Intraday Trend -5.9%

Resistance Level   $17.93
5 Day Moving Average   $18.35(-9.37%)
10 Day Moving Average   $18.34(-9.32%)
20 Day Moving Average   $17.93(-7.25%)
To recent high   -23.4%
To recent low   22.6%
Market Cap   $6.167b

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 4.91% (three month std-dev: 5.28%) daily (68% of days).

Sample size 3 Average positive next day return: 4.38%(33%) Average negative next day return: -2.41%(67%) Sample size 3 Average positive next three day return: 5.39%(67%) Average negative next three day return: -0.07%(33%) Sample size 3 Average positive next weekly return: 10.52%(33%) Average negative next weekly return: -5.93%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200907

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	Aug_7_2020	16.37	17.93	18.34	18.35	18.46	17.72	16.63(-5.08%)	N/A	N/A	0	-2	-7	-260	-19	28	6.46	64%	0.37	47.9	5.28%	-1.5	-1.5	47	1.6
2	Aug_6_2020	16.31	17.98	18.37	18.68	18.85	18.77	17.52(-8.8%)	UD	OpenLong	65	-1.2	2	-0	-9	36	6.85	64%	0.49	61.1	5.24%	-2.5	-0.5	50	1.7
3	Aug_5_2020	16.23	17.92	18.31	18.89	18.91	19.21	19.21(-0.57%)	UD	OpenLong	75	0.3	16	110	7	44	3.9	68%	0.56	63.1	5.13%	0.8	1.3	58	1.7
4	Aug_4_2020	16.14	17.77	18.12	18.75	18.72	18.92	19.32(1.36%)	UT	OpenLong	75	0.6	11	70	3	33	5.67	68%	0.62	61.5	5.13%	1.6	1.6	58	1.6
5	Aug_3_2020	16.04	17.63	17.94	18.78	18.65	18.62	19.06(4.27%)	UT	OpenLong	75	0.3	18	-30	10	40	4.14	68%	0.5	68.4	5.14%	2.3	1.6	62	1.3

6	Jul_31_2020	15.96	17.52	17.79	18.36	18.57	18.51	18.28(-1.72%)	UD	OpenLong	75	-0.1	13	10	9	26	4.63	68%	0.44	63.1	5.15%	-1.6	0.9	59	1.5
7	Jul_30_2020	15.89	17.43	17.75	18	18.15	18.68	18.6(0.59%)	UT	OpenLong	75	0.7	14	230	12	18	3.92	65%	0.38	50.3	5.19%	-0.3	1.3	60	1.3
8	Jul_29_2020	15.83	17.32	17.69	17.62	17.64	18.63	18.49(-5.08%)	UD	OpenLong	75	1	18	400	18	18	7.43	65%	0.25	37.9	5.25%	0.4	1.4	68	1.6
9	Jul_28_2020	15.79	17.2	17.64	17.38	17.16	17.62	19.48(14.86%)	UT	OpenLong	75	2.5	20	150	19	21	19.21	65%	0.38	24.6	5.21%	1.9	2.7	72	1.5
10	Jul_27_2020	15.73	17.03	17.41	17.01	16.93	16.65	16.96(2.98%)	N/A	N/A	0	-0.1	-3	-130	-5	4	3.29	64%	0.13	8.5	4.91%	0.9	-0.1	57	1.5

11	Jul_24_2020	15.71	16.99	17.45	17.16	17.16	16.69	16.47(-1.32%)	N/A	N/A	0	-1	-9	-190	-14	8	2.32	64%	0	5.1	5.14%	-1.1	-0.7	48	1.2
12	Jul_23_2020	15.71	16.99	17.56	17.46	17.5	17.2	16.69(-3.53%)	N/A	N/A	0	-1.1	-2	-110	-12	27	3.17	64%	-0.06	13.5	5.17%	0.6	-0.4	55	1.3
13	Jul_22_2020	15.72	16.99	17.52	17.74	17.79	17.63	17.3(-1.98%)	UD	OpenLong	65	-0.6	5	-50	-6	38	1.99	64%	0	24.1	5.15%	0.7	0.4	61	1.8
14	Jul_21_2020	15.72	17	17.43	17.91	17.95	17.8	17.65(-0.23%)	UD	OpenLong	65	-0.4	12	-50	-1	50	2.44	64%	-0.06	27.6	5.14%	-1.4	0.9	68	1.8
15	Jul_20_2020	15.73	16.98	17.32	17.86	17.96	17.96	17.69(-1.45%)	UD	OpenLong	75	-0.2	14	20	1	51	2.08	64%	-0.06	30.3	5.14%	-1.5	1	65	2.2

16	Jul_17_2020	15.74	16.95	17.25	17.78	17.83	18.1	17.95(-0.88%)	UD	OpenLong	75	0.3	18	110	5	57	2.55	64%	-0.06	33.7	5.14%	-0.8	1.5	71	1.9
17	Jul_16_2020	15.75	16.91	17.1	17.67	17.68	17.97	18.11(-0.22%)	UD	OpenLong	75	0.7	26	120	15	57	4.18	64%	-0.06	39.9	5.16%	0.9	1.9	63	1.5
18	Jul_15_2020	15.76	16.84	16.92	17.25	17.33	17.56	18.15(4.43%)	UT	OpenLong	75	1.6	19	110	12	39	4.34	64%	-0.13	17.7	5.17%	1.2	2.3	61	1.4
19	Jul_14_2020	15.78	16.81	16.72	16.89	16.89	17.39	17.38(0.46%)	UT	OpenLong	75	0.9	10	210	8	16	2.53	66%	-0.19	0.3	5.17%	-0.1	1.1	50	0.9
20	Jul_13_2020	15.81	16.78	16.61	16.71	16.68	17.11	17.3(-0.69%)	UD	OpenLong	75	1.2	9	180	10	4	6.52	66%	-0.25	-19.7	5.23%	0.7	1	48	0

21	Jul_10_2020	15.85	16.73	16.47	16.64	16.47	16.38	17.42(8.74%)	N/A	N/A	0	1.6	2	-70	6	-9	5.31	66%	-0.31	-24.4	5.23%	2.3	1.4	49	1.2
22	Jul_9_2020	15.9	16.66	16.38	16.45	16.46	16.26	16.02(-1.9%)	DT	OpenShort	-75	-0.9	-11	-80	-6	-25	2.6	64%	-0.38	-41.7	5.17%	-0.9	-1.3	36	0.8
23	Jul_8_2020	15.96	16.74	16.45	16.54	16.58	16.55	16.33(-1.03%)	DT	OpenShort	-75	-0.4	-5	-10	-0	-21	1.98	64%	-0.37	-25.6	5.16%	-1.1	-0.8	44	0.9
24	Jul_7_2020	16.02	16.81	16.53	16.5	16.57	16.67	16.5(-2.6%)	DP	OpenShort	-65	0	-5	50	2	-25	1.93	64%	0	-13.8	5.17%	0.2	-0.6	36	0.7
25	Jul_6_2020	16.02	16.88	16.61	16.47	16.45	16.62	16.94(2.98%)	N/A	N/A	0	0.8	0	70	7	-21	3.21	66%		-3.7	5.15%	0.3	0.1	53	1.1
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

Click to see actual return for next trading day.