Technical Analysis for CAN - Cann Group Ltd  

Grade Last Price % Change Price Change
F 0.062 0.00% 0.000
CAN closed down 1.59 percent on Thursday, February 29, 2024, on 1.47 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Boomer Sell Setup Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -1.59%
Lower Bollinger Band Walk Weakness -1.59%
Inside Day Range Contraction -1.59%

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Profile

Cann Group Ltd   Description

Cann Group Limited is an Australia-based company, which is engaged in the cultivation of cannabis for human medicinal and research purposes. The Company has facilities to cultivate medicinal cannabis. It also focuses on manufacturing medicinal cannabis products. It focuses on developing and supplying cannabis, cannabis resin and medicinal cannabis products into the Australian market. It also focuses on supplying to overseas markets. The Company has a cannabis research license and cannabis cultivation license. The cannabis cultivation license allows the Company to produce Australian grown material that can be prescribed for patient use. It has research and development, and cultivation facilities in Australia. It focuses on plant genetics; breeding; cultivation; extraction; analysis and production techniques to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Health Manufacturing Medicine Disease Diseases Medical Cannabis Medicinal Plants Cannabis Herbalism Entheogens Euphoriants Legality Of Cannabis Medicinal Cannabis Products Cannabis In New Zealand

Is CAN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.19
52 Week Low 0.06
Average Volume 432,601
200-Day Moving Average 0.116
50-Day Moving Average 0.085
20-Day Moving Average 0.074
10-Day Moving Average 0.069
Average True Range 0.004
RSI (14) 27.01
ADX 38.48
+DI 7.229
-DI 31.497
Chandelier Exit (Long, 3 ATRs) 0.073
Chandelier Exit (Short, 3 ATRs) 0.073
Upper Bollinger Bands 0.085
Lower Bollinger Band 0.062
Percent B (%b) 0.02
BandWidth 32.381
MACD Line -0.006
MACD Signal Line -0.006
MACD Histogram -0.0006
Fundamentals Value
Market Cap 16.74 Million
Num Shares 270 Million
EPS -0.08
Price-to-Earnings (P/E) Ratio -0.79
Price-to-Sales 144.99
Price-to-Book 2.92
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.064
Resistance 3 (R3) 0.064 0.063 0.063
Resistance 2 (R2) 0.063 0.063 0.063 0.063
Resistance 1 (R1) 0.063 0.063 0.063 0.063 0.063
Pivot Point 0.062 0.062 0.062 0.062 0.062
Support 1 (S1) 0.062 0.062 0.062 0.062 0.061
Support 2 (S2) 0.061 0.062 0.061 0.061
Support 3 (S3) 0.061 0.061 0.061
Support 4 (S4) 0.061