Question 1

What does the Stochastic Oscillator suggest about CGC's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 2

How did CGC's Momentum indicator behave recently?

Accepted Answer

CGC saw its Momentum Indicator move above the 0 level on August 15, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In 59 of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for CGC?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CGC just turned positive on August 15, 2024. Looking at past instances where CGC's MACD turned positive, the stock continued to rise in 30 of 45 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for CGC?

Accepted Answer

CGC moved below its 50-day moving average on August 19, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

What is the significance of the 10-day moving average indicator for CGC?

Accepted Answer

The 10-day moving average for CGC crossed bearishly below the 50-day moving average on August 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day price advance indicate for CGC?

Accepted Answer

Following a +2.92% 3-day Advance, the price is estimated to grow further. Considering data from situations where CGC advanced for three days, in 161 of 203 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for CGC's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CGC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.

Question 8

What does CGC breaking above its upper Bollinger Band indicate?

Accepted Answer

CGC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

CGC Stock Canopy Growth (CGC, $7.15) RSI Indicator left the oversold zone on June 06, 2024

Momentum Indicator for CGC turns positive, indicating new upward trend

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