CGC Healthcare Stock of Wednesday with Moved of -4.34%
Canopy Growth Corporation (CGC) stock price traded with dropping change along with the volume 12.63 million shares in Wednesday trading session. Shares are trading price at $46.53 with move of -4.34%. The company’s 3-months average volume stands at 10 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.26. Recent trade price levels places CGC’s stock about -21.47% away from the 52-week high and closed 145.80% away from the 52-week low. The total dollar value of all 232.08 million outstanding shares is 10.8 billion.
The stock volatility for week was 4.93% while for month was 7.47%. Canopy Growth Corporation (CGC) recently closed with rise of 6.58% to its 20-Day Simple Moving Average. This short time frame picture represents an upward movement of current price over average price of last 20 days. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Shares of CGC moved upward with change of 30.79% to its 50-day Moving average. This rising movement shows positive prices direction over last 50 days.
Finally observing long term time frame, 200-day simple moving average is more helpful at telling general investing trends lasting 200 days. Longer moving average timeframes are less sensitive to price fluctuations than shorter term timeframes and will generate far few signals. This will reduce the number of “whipsaws”, which is good, but will also generate signals later than when using shorter term averages. CGC stock price revealed optimistic move of 31.90% comparing average price of last 200 days. This comparison showed up direction of price above its 200-SMA.
ATR value of company was 2.82. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. ATR can display volatility of stocks, ETFs and indexes. The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. A low ATR value correlates with a weaker trend movement.
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