Volume Evaluation

Active moving action has been spotted in Canopy Growth Corporation (CGC) on Wednesday as stock is moving on change of -3.16% from the open. The US listed company saw a recent price trade of $18.38 and 5874976 shares have traded hands in the session. There are 6.75M shares which are traded as an average over the last three months period.

Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction. That is, if a security is continuing higher in an uptrend, the volume of the security should also increase and vice versa. Trading volume can also signal when an investor should take profits and sell a security due to low activity. If there is no relationship between the trading volume and the price of a security, this signals weakness in the current trend and a possible reversal.

Investors tracking shares of Canopy Growth Corporation (CGC) may be focusing on where the stock is trading relative to its 52-week high and low. At the time of writing, the stock had recently reached at $18.38. At this price, shares can be seen trading -65.15% off of the 52-week high mark and 33.09% away from the 52-week low. Investors often pay increased attention to a stock when it is nearing either mark. The Price Range 52 Weeks is one of the tools that investors use to determine the lowest and highest price at which a stock has traded in the previous 52 weeks. It has a market cap of $6.40B.

Performance Levels

Looking performance record on shares of Canopy Growth Corporation (CGC) we observed that the stock has seen a move -44.85% over the last 52-week trading period. The stock generated performance of -30.38% tracking last 3 months and -55.60% over the recent 6 months. Investors will be anxiously watching to see if things will turn around and the stock will start gaining or losing momentum over the next few months. If we look back year-to-date, the stock has performed -31.60%. Shares are at 1.49% over the previous week and -8.78% over the past month.

Volatility Insights

Watching some historical volatility numbers on shares of Canopy Growth Corporation (CGC) we can see that the 30 days volatility is presently 7.82%. The 7 days volatility is 5.35%. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.

The Average True Range (ATR) value reported at 1.4. The average true range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.

Technical Considerations

Canopy Growth Corporation (CGC) stock positioned -46.69% distance from the 200-day MA and stock price situated -9.25% away from the 50-day MA while located 0.44% off of the 20-day MA. Canopy Growth Corporation (CGC) traded moved -28.34% from the 50-day high price and spotted a change of 33.09% from the 50-day low point.

RSI value sited with reading of 47.61. RSI readings range from zero to 100, with readings above 70 generally interpreted as indicating overbought conditions and readings below 30 indicating oversold conditions. Since the RSI measures the magnitude of recent price movements, it is most prone to generating false signals following sudden, sizable price changes. Generally, as the price of stock rises, the RSI will rise as well, because average gains will outstrip average losses. When the stock price falls, losses typically outstrip gains, causing the indicator to fall.

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