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(Canopyfin) Canopyfin complete technical analysis [charts+indicators] | Buy/Sell Canopyfin | (Canopyfin) share price targets

Complete technical analysis of Canopyfin (Canopyfin) by charts plus indicators, forecast predictions and share price targets for Canopyfin (Canopyfin)

Showing technical analysis as on 2024-01-25 View latest technical analysis

10 day averaged volume of Canopyfin is 43930

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	87.70	86.85	91.15	83.03	1.07 times
24 Wed Jan 2024	86.81	84.78	86.87	83.02	0.138 times
23 Tue Jan 2024	82.75	84.95	87.00	80.56	0.487 times
22 Mon Jan 2024	84.15	90.15	90.15	81.57	1.983 times
19 Fri Jan 2024	85.86	85.86	85.86	85.86	0.139 times
18 Thu Jan 2024	81.78	77.89	81.78	76.01	0.606 times
17 Wed Jan 2024	77.89	76.32	77.89	71.45	1.058 times
16 Tue Jan 2024	74.19	77.75	77.75	70.35	3.001 times
15 Mon Jan 2024	74.05	74.05	74.05	74.05	0.041 times
12 Fri Jan 2024	70.53	70.53	70.53	67.18	1.683 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 81.6, but if it comes below 81.6, then a intra day sell could be more profitable.
If you take a sell trade below 81.6, then use 81.6 as stoploss and 70.06 as target. However if you take a buy trade in stock , then use 81.6 as stoploss and 95.4 as target.

Share price targets for Canopyfin (Canopyfin)

Target Type	Value
Downside Target	52.61
Downside Target	54.51
Downside Target	56.01
Downside Target	60.62
Downside Target	62.80
Downside Target	68.20
Downside Target	70.35
Downside Target	75.00
Downside Target	80.56
Downside Target	85.86
Upside Target	91.15

Intraday share price targets for Canopyfin (Canopyfin)

Target Type	Value
Downside Intraday Target	81.79
Downside Intraday Target	75.88
Upside Intraday Target	92.38
Upside Intraday Target	97.06
Downside Intraday Target	86.47

Weekly technical analysis of Canopyfin (Canopyfin)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	87.70	90.15	91.15	80.56	0.759 times
19 Fri Jan 2024	85.86	74.05	85.86	70.35	1.246 times
12 Fri Jan 2024	70.53	59.90	70.53	57.61	3.135 times
05 Fri Jan 2024	57.48	60.45	60.81	54.51	1.483 times
29 Fri Dec 2023	58.00	53.40	60.62	53.40	0.61 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Canopyfin (Canopyfin)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	87.70	60.45	91.15	54.51	2.337 times
29 Fri Dec 2023	58.00	65.70	68.20	52.61	1.98 times
30 Thu Nov 2023	62.96	68.51	75.00	62.80	0.666 times
31 Tue Oct 2023	70.06	63.99	75.00	56.01	3.529 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Canopyfin (Canopyfin)

Price action analysis of Canopyfin ( (Canopyfin) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Canopyfin ( (Canopyfin) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canopyfin ( (Canopyfin) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canopyfin ( (Canopyfin) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Canopyfin stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Canopyfin in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canopyfin Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Canopyfin in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Canopyfin is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 78.51 and Canopyfin (Canopyfin) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Canopyfin (Canopyfin) stock. Volume based technical analysis of Canopyfin (Canopyfin) stock is negative.

Canopyfin Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.