Technical Analysis for CNBX - Cannabics Pharmaceuticals Inc

Grade Last Price % Change Price Change
grade F 0.216 -1.77% -0.0039
CNBX closed down 1.77 percent on Wednesday, July 8, 2020, on 55 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical CNBX trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish -1.77%
Wide Bands Range Expansion -1.77%
Fell Below 200 DMA Bearish -6.09%
Wide Bands Range Expansion -6.09%
Older signals for CNBX ...

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Profile

Cannabics Pharmaceuticals Inc., formerly American Mining Company, is a biotechnology pharmaceutical company. The Company is engaged in pharmaceutical development. The Company is focused on development and licensing of cannabinoid-based treatments and therapies. It develops and markets various therapies and biotechnological tools aimed at providing relief from ailments that respond to active ingredients sourced from the cannabis plant. These tools include delivery systems for cannabinoids, personalized medicine therapies and procedures based on cannabis originated compounds, and bioinformatics tools. The Company's flagship product is CANNABICS SR. CANNABICS SR is a technology for a long acting oil capsule that provides administration of cannabis. CANNABICS SR is composed solely from food grade materials and delivers effects for over 10 to 12 hours. The delivery method enables a once per day dosing regimen of medical cannabis to patients. It has not generated revenues.
Medicine Biotechnology Cannabis Entheogens Euphoriants Medicinal Plants Health Sciences Medical Cannabis Herbalism Legality Of Cannabis Pharmaceutical Sciences Antiemetics Bioinformatics Pharmaceutical Development Bioinformatics Tools

Is CNBX 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 0.61
52 Week Low 0.066
Average Volume 172,304
200-Day Moving Average 0.2397
50-Day Moving Average 0.2453
20-Day Moving Average 0.2542
10-Day Moving Average 0.2329
Average True Range 0.0364
ADX 16.09
+DI 12.0244
-DI 14.4293
Chandelier Exit (Long, 3 ATRs ) 0.2238
Chandelier Exit (Short, 3 ATRs ) 0.3092
Upper Bollinger Band 0.3046
Lower Bollinger Band 0.2038
Percent B (%b) 0.12
BandWidth 39.6538
MACD Line -0.0092
MACD Signal Line -0.0040
MACD Histogram -0.0052
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.2427
Resistance 3 (R3) 0.2441 0.2365 0.2383
Resistance 2 (R2) 0.2365 0.2297 0.2359 0.2368
Resistance 1 (R1) 0.2263 0.2255 0.2225 0.2249 0.2353
Pivot Point 0.2187 0.2187 0.2169 0.2181 0.2187
Support 1 (S1) 0.2085 0.2119 0.2047 0.2071 0.1967
Support 2 (S2) 0.2009 0.2077 0.2003 0.1952
Support 3 (S3) 0.1907 0.2009 0.1938
Support 4 (S4) 0.1893