Should I Buy Canopy Growth Corp Stock?
Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. CGC has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.
CGC stock price ended at $1.48 on Friday, after losing -3.27%
The Canopy Growth Corp stock price decreased by -3.27% on the last trading day (13 Jun 2025), dropping from 1.505 to 1.48. Throughout the last trading session, the stock experienced a fluctuation of 4.79% , ranging from a day low of $1.46 to a day high of 1.53. The price has declined in 5 of the last 10 days, resulting in a total change of 12.12% during this period. On the last day, trading volume decrease by 737.07K shares, with the falling prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 5.12M shares were traded, amounting to approximately 7.62M.
CGC Technical Signals
CGC(Canopy Growth Corp Corp) has 3 buy signals and 1 sell signal now. The current trend is uptrend starting from 2025-06-03. The total price change during this trend is +22.31%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of CGC over the last 5 trading days is 13.74M. Overall, the technical indicator signals lean more toward a Bullish outlook in the mid-term.
CGC Moving Average Analysis
Canopy Growth Corp's overall moving average trend leans more bearish as of Saturday, June 14, 2025, with 3 negative signals and 1 positive signal. In the mid-term, the SMA_20 being above the SMA_60 signals a strong bullish trend. There will be some resistance from the lines at $1.8594933333333334, and $2.096333333333334. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $1.0931733333333336, and $0.8563333333333334. A break-down below any of these levels will issue sell signals.
CGC Short Selling Analysis
The short sale ratio of Canopy Growth Corp(CGC) as of 09 Jun 2025 is 26.68%, dropping from last trading day. With decreasing price from 1.70 to 1.62. The short sell activity indicate that short sellers may be anticipating price hit a bottom.
Technical Signal
Technical Signals Summary
Sell
1
Buy
3
Moving Average
Swing
NegativeStock Price Below SMA_5
Short Term
NegativeSMA_5 Below SMA_20
Mid Term
PositiveSMA_20 Above SMA_60
Long Term
NegativeSMA_60 Below SMA_200
Short Selling
Close Price
Short Sale Ratio
Short Sale Volume
3 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish
Indicators
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
0.0976
Bullish
Momentum (10 days)
MOM_10 > 0
0.16
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.0251
Bullish
1 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish
Indicators
Signal
Value
Meaning
Moving Average
5-day SMA crosses below 20-day SMA
--
Bearish
CGC Price Prediction & Forecast by Similar Chart Analysis
Based on historical patterns and backtesting of stocks with similar movements to Canopy Growth Corp(CGC), our algorithm predicts CGC's 1-month price at $1.72, with an 1.08%upwardshift. Using a similarity score up to 92.60%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Canopy Growth Corp (CGC.O) stock, as of Sunday, June 8, 2025 , forecasts a 1.08% change over the next month, based on its high correlation with HY.N stock patterns. The similarity between their price movements over the analyzed periods is 92.6%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
CGC
No Data
HY
Up: 1.08%Similarity: 92.6%
Name
Similarity
Up/Down
HY.N
92.60%
+1.08%
SNBR.O
92.57%
-34.85%
OCFC.O
92.55%
-2.43%
FER.O
92.43%
+4.87%
GSL.N
92.24%
-17.17%
CCK.N
92.15%
-8.09%
HLT.N
92.01%
-2.93%
SCHL.O
91.99%
-0.98%
ADPT.O
91.76%
+14.52%
AMD.O
91.60%
-8.83%
CGC Seasonality Analysis
Based on CGC's historical stock price data across all years, the probability of a positive return in June is54.55%, suggesting it maybe an ideal month to invest in CGC. In contrast,Januaryoffers the highest probability of positive returns at54.55%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.
Monthly Seasonality
The radar chart shows that buying Canopy Growth Corp (CGC.O) stock in January has the highest probability of a positive return (54.55%), while May has the lowest probability (18.18%).
Performance Seasonality
The chart shows Canopy Growth Corp. (CGC)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.
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FAQ
Should I buy Canopy Growth Corp (CGC.O) stock?
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