25 XP 0   0   10  
0coffee
Main menu
3rd party ad coffee SUPPORTERis ad-free.

Cannabix Technologies Inc
Buy, Hold or Sell?

Let's analyze Cannabix Technologies Inc together

I guess you are interested in Cannabix Technologies Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Cannabix Technologies Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Get notifications about Cannabix Technologies Inc

I send you an email if I find something interesting about Cannabix Technologies Inc.

Quick analysis of Cannabix Technologies Inc (30 sec.)










What can you expect buying and holding a share of Cannabix Technologies Inc? (30 sec.)

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$0.05
Expected worth in 1 year
C$0.03
How sure are you?
19.2%

+ What do you gain per year?

Total Gains per Share
C$-0.02
Return On Investment
-2.8%

For what price can you sell your share?

Current Price per Share
C$0.58
Expected price per share
C$0.395 - C$0.88
How sure are you?
50%
3rd party ad coffee SUPPORTERis ad-free.

1. Valuation of Cannabix Technologies Inc (5 min.)




Live pricePrice per Share (EOD)

C$0.58

Intrinsic Value Per Share

C$-0.11 - C$-0.13

Total Value Per Share

C$-0.07 - C$-0.08

2. Growth of Cannabix Technologies Inc (5 min.)




Is Cannabix Technologies Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$3.8m$5.7m-$1.3m-31.3%

How much money is Cannabix Technologies Inc making?

Current yearPrevious yearGrowGrow %
Making money-$416k-$443.7k$27.6k6.7%
Net Profit Margin0.0%0.0%--

How much money comes from the company's main activities?

3. Financial Health of Cannabix Technologies Inc (5 min.)




4. Comparing to competitors in the Medical Devices industry (5 min.)




  Industry Rankings (Medical Devices)  


Richest
#258 / 333

Most Revenue
#332 / 333

Most Profit
#139 / 333

Most Efficient
#120 / 333
3rd party ad coffee SUPPORTERis ad-free.

What can you expect buying and holding a share of Cannabix Technologies Inc? (5 min.)

Welcome investor! Cannabix Technologies Inc's management wants to use your money to grow the business. In return you get a share of Cannabix Technologies Inc.

What can you expect buying and holding a share of Cannabix Technologies Inc?

First you should know what it really means to hold a share of Cannabix Technologies Inc. And how you can make/lose money.

Speculation

The Price per Share of Cannabix Technologies Inc is C$0.58. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Cannabix Technologies Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Cannabix Technologies Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$0.05. Based on the TTM, the Book Value Change Per Share is C$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Cannabix Technologies Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.00-0.5%0.00-0.6%0.00-0.7%-0.01-1.3%-0.01-1.2%
Usd Book Value Change Per Share0.00-0.5%0.00-0.5%0.00-0.5%0.00-0.5%0.000.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-0.5%0.00-0.5%0.00-0.5%0.00-0.5%0.000.2%
Usd Price Per Share0.16-0.19-0.35-0.49-0.67-
Price to Earnings Ratio-13.73--15.03--22.47--25.37--45.06-
Price-to-Total Gains Ratio-54.93--64.30--114.29--182.93--175.25-
Price to Book Ratio4.64-4.84-6.91-8.45-9.91-
Price-to-Total Gains Ratio-54.93--64.30--114.29--182.93--175.25-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.422356
Number of shares2367
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (2367 shares)-6.92-7.14
Gains per Year (2367 shares)-27.68-28.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-28-380-29-39
20-55-660-57-68
30-83-940-86-97
40-111-1220-114-126
50-138-1500-143-155
60-166-1780-171-184
70-194-2060-200-213
80-221-2340-228-242
90-249-2620-257-271
100-277-2900-286-300

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.020.00.00.0%0.026.00.00.0%0.026.00.00.0%
Book Value Change Per Share0.04.00.00.0%1.011.00.08.3%1.019.00.05.0%5.021.00.019.2%5.021.00.019.2%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.026.00.0%0.00.026.00.0%
Total Gains per Share0.04.00.00.0%1.011.00.08.3%1.019.00.05.0%5.021.00.019.2%5.021.00.019.2%
3rd party ad coffee SUPPORTERis ad-free.

Fundamentals of Cannabix Technologies Inc

About Cannabix Technologies Inc

Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, workplaces, and laboratories in the United States. It develops tetrahydrocannabinol breath analyzers, a point of care breath testing tool for the rapid detection of recent cannabis use; MS breath sampler; and contactless alcohol breathalyzer, as well as breath collection units. The company was formerly known as West Point Resources Inc. and changed its name to Cannabix Technologies Inc. in August 2014. Cannabix Technologies Inc. was incorporated in 2011 and is based in Burnaby, Canada.

Fundamental data was last updated by Penke on 2024-06-30 22:35:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
3rd party ad coffee SUPPORTERis ad-free.

1.1. Profitability of Cannabix Technologies Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Cannabix Technologies Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • A Net Profit Margin of 0.0%¬†means that¬†$0.00 for each $1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Cannabix Technologies Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ--11.7%+11.7%
TTM--14.9%+14.9%
YOY--13.3%+13.3%
5Y--20.1%+20.1%
10Y--23.9%+23.9%
1.1.2. Return on Assets

Shows how efficient Cannabix Technologies Inc is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • -8.3% Return on Assets means that¬†Cannabix Technologies Inc generated¬†$-0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Cannabix Technologies Inc:

  • The MRQ is -8.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -9.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-8.3%TTM-9.4%+1.1%
TTM-9.4%YOY-7.7%-1.7%
TTM-9.4%5Y-14.6%+5.1%
5Y-14.6%10Y-12.4%-2.1%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.3%-3.5%-4.8%
TTM-9.4%-3.7%-5.7%
YOY-7.7%-3.6%-4.1%
5Y-14.6%-3.4%-11.2%
10Y-12.4%-4.0%-8.4%
1.1.3. Return on Equity

Shows how efficient Cannabix Technologies Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • -8.5% Return on Equity means Cannabix Technologies Inc generated $-0.08¬†for each¬†$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Cannabix Technologies Inc:

  • The MRQ is -8.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -9.7%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-8.5%TTM-9.7%+1.3%
TTM-9.7%YOY-7.8%-1.9%
TTM-9.7%5Y-14.8%+5.0%
5Y-14.8%10Y-12.6%-2.2%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.5%-3.8%-4.7%
TTM-9.7%-3.9%-5.8%
YOY-7.8%-4.7%-3.1%
5Y-14.8%-5.3%-9.5%
10Y-12.6%-5.8%-6.8%
3rd party ad coffee SUPPORTERis ad-free.

1.2. Operating Efficiency of Cannabix Technologies Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Cannabix Technologies Inc is operating .

  • Measures how much profit Cannabix Technologies Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • An Operating Margin of 0.0%¬†means the company generated $0.00 ¬†for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Cannabix Technologies Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ--28.5%+28.5%
TTM--12.9%+12.9%
YOY--12.4%+12.4%
5Y--19.1%+19.1%
10Y--22.8%+22.8%
1.2.2. Operating Ratio

Measures how efficient Cannabix Technologies Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Medical Devices industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Cannabix Technologies Inc:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.422-1.422
TTM-1.432-1.432
YOY-1.430-1.430
5Y-1.416-1.416
10Y-1.380-1.380
3rd party ad coffee SUPPORTERis ad-free.

1.3. Liquidity of Cannabix Technologies Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Cannabix Technologies Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Medical Devices industry mean).
  • A Current Ratio of 47.80¬†means the company has $47.80 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Cannabix Technologies Inc:

  • The MRQ is 47.801. The company is very able to pay all its short-term debts. +2
  • The TTM is 33.383. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ47.801TTM33.383+14.418
TTM33.383YOY58.501-25.118
TTM33.3835Y78.488-45.105
5Y78.48810Y88.669-10.181
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ47.8012.643+45.158
TTM33.3832.658+30.725
YOY58.5013.185+55.316
5Y78.4883.651+74.837
10Y88.6693.596+85.073
1.3.2. Quick Ratio

Measures if Cannabix Technologies Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • A Quick Ratio of 0.37¬†means the company can pay off $0.37 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Cannabix Technologies Inc:

  • The MRQ is 0.374. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 15.297. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ0.374TTM15.297-14.923
TTM15.297YOY61.908-46.611
TTM15.2975Y74.772-59.476
5Y74.77210Y57.841+16.931
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3741.385-1.011
TTM15.2971.494+13.803
YOY61.9081.929+59.979
5Y74.7722.331+72.441
10Y57.8412.577+55.264
3rd party ad coffee SUPPORTERis ad-free.

1.4. Solvency of Cannabix Technologies Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Cannabix Technologies Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Cannabix Technologies Inc to Medical Devices industry mean.
  • A Debt to Asset Ratio of 0.02¬†means that Cannabix Technologies Inc assets are¬†financed with 2.0% credit (debt) and the remaining percentage (100% - 2.0%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Cannabix Technologies Inc:

  • The MRQ is 0.020. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.030. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.020TTM0.030-0.010
TTM0.030YOY0.017+0.013
TTM0.0305Y0.015+0.015
5Y0.01510Y0.013+0.002
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0200.412-0.392
TTM0.0300.414-0.384
YOY0.0170.344-0.327
5Y0.0150.430-0.415
10Y0.0130.459-0.446
1.4.2. Debt to Equity Ratio

Measures if Cannabix Technologies Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • A Debt to Equity ratio of 2.0% means that company has $0.02 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Cannabix Technologies Inc:

  • The MRQ is 0.020. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.031. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.020TTM0.031-0.011
TTM0.031YOY0.017+0.014
TTM0.0315Y0.015+0.016
5Y0.01510Y0.013+0.002
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0200.554-0.534
TTM0.0310.599-0.568
YOY0.0170.493-0.476
5Y0.0150.612-0.597
10Y0.0130.682-0.669
3rd party ad coffee SUPPORTERis ad-free.

2. Market Valuation of Cannabix Technologies Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Cannabix Technologies Inc generates.

  • Above 15 is considered overpriced but¬†always compare¬†Cannabix Technologies Inc to the¬†Medical Devices industry mean.
  • A PE ratio of -13.73 means the investor is paying $-13.73¬†for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Cannabix Technologies Inc:

  • The EOD is -37.044. Based on the earnings, the company is expensive. -2
  • The MRQ is -13.732. Based on the earnings, the company is expensive. -2
  • The TTM is -15.026. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-37.044MRQ-13.732-23.312
MRQ-13.732TTM-15.026+1.294
TTM-15.026YOY-22.472+7.445
TTM-15.0265Y-25.374+10.348
5Y-25.37410Y-45.064+19.690
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-37.044-1.143-35.901
MRQ-13.732-1.695-12.037
TTM-15.026-1.986-13.040
YOY-22.472-2.521-19.951
5Y-25.374-2.456-22.918
10Y-45.064-1.915-43.149
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Cannabix Technologies Inc:

  • The EOD is -34.582. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -12.819. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -16.670. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-34.582MRQ-12.819-21.763
MRQ-12.819TTM-16.670+3.851
TTM-16.670YOY-27.531+10.861
TTM-16.6705Y-38.833+22.163
5Y-38.83310Y-59.808+20.975
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-34.582-2.637-31.945
MRQ-12.819-3.428-9.391
TTM-16.670-2.820-13.850
YOY-27.531-5.407-22.124
5Y-38.833-4.806-34.027
10Y-59.808-5.522-54.286
3rd party ad coffee SUPPORTERis ad-free.
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Cannabix Technologies Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Medical Devices industry mean).
  • A PB ratio of 4.64 means the investor is paying $4.64¬†for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Cannabix Technologies Inc:

  • The EOD is 12.525. Based on the equity, the company is expensive. -2
  • The MRQ is 4.643. Based on the equity, the company is fair priced.
  • The TTM is 4.842. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD12.525MRQ4.643+7.882
MRQ4.643TTM4.842-0.200
TTM4.842YOY6.915-2.072
TTM4.8425Y8.453-3.611
5Y8.45310Y9.912-1.459
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD12.5252.103+10.422
MRQ4.6432.244+2.399
TTM4.8422.499+2.343
YOY6.9152.866+4.049
5Y8.4534.135+4.318
10Y9.9124.478+5.434
2. Total Gains per Share
3rd party ad coffee SUPPORTERis ad-free.

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Cannabix Technologies Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.004-0.004+3%-0.004+8%-0.004+6%0.002-320%
Book Value Per Share--0.0460.052-12%0.069-33%0.079-42%0.088-47%
Current Ratio--47.80133.383+43%58.501-18%78.488-39%88.669-46%
Debt To Asset Ratio--0.0200.030-34%0.017+18%0.015+31%0.013+51%
Debt To Equity Ratio--0.0200.031-35%0.017+18%0.015+31%0.013+51%
Dividend Per Share----0%-0%-0%-0%
Eps---0.004-0.005+28%-0.005+36%-0.011+174%-0.010+147%
Free Cash Flow Per Share---0.004-0.004-8%-0.004+6%-0.004+2%-0.004+6%
Free Cash Flow To Equity Per Share---0.004-0.004-6%-0.004-5%-0.002-59%0.001-538%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.130--------
Intrinsic Value_10Y_min---0.114--------
Intrinsic Value_1Y_max---0.017--------
Intrinsic Value_1Y_min---0.016--------
Intrinsic Value_3Y_max---0.048--------
Intrinsic Value_3Y_min---0.045--------
Intrinsic Value_5Y_max---0.075--------
Intrinsic Value_5Y_min---0.070--------
Market Cap66203520.000+63%24540982.36029106745.945-16%54218448.425-55%76533573.582-68%104792988.909-77%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio12.525+63%4.6434.842-4%6.915-33%8.453-45%9.912-53%
Pe Ratio-37.044-170%-13.732-15.026+9%-22.472+64%-25.374+85%-45.064+228%
Price Per Share0.580+63%0.2150.255-16%0.475-55%0.671-68%0.918-77%
Price To Free Cash Flow Ratio-34.582-170%-12.819-16.670+30%-27.531+115%-38.833+203%-59.808+367%
Price To Total Gains Ratio-148.176-170%-54.927-64.297+17%-114.289+108%-182.933+233%-175.245+219%
Quick Ratio--0.37415.297-98%61.908-99%74.772-100%57.841-99%
Return On Assets---0.083-0.094+14%-0.077-7%-0.146+76%-0.124+50%
Return On Equity---0.085-0.097+15%-0.078-8%-0.148+75%-0.126+49%
Total Gains Per Share---0.004-0.004+3%-0.004+8%-0.004+6%0.002-320%
Usd Book Value--3849011.0584355634.180-12%5719643.077-33%6589728.296-42%7296967.339-47%
Usd Book Value Change Per Share---0.003-0.003+3%-0.003+8%-0.003+6%0.001-320%
Usd Book Value Per Share--0.0340.038-12%0.050-33%0.058-42%0.064-47%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.003-0.004+28%-0.004+36%-0.008+174%-0.007+147%
Usd Free Cash Flow---348519.433-320658.501-8%-369015.896+6%-353973.869+2%-369219.106+6%
Usd Free Cash Flow Per Share---0.003-0.003-8%-0.003+6%-0.003+2%-0.003+6%
Usd Free Cash Flow To Equity Per Share---0.003-0.003-6%-0.003-5%-0.001-59%0.001-538%
Usd Market Cap48209403.264+63%17870743.35521195532.397-16%39481874.143-55%55731748.282-68%76310254.524-77%
Usd Price Per Share0.422+63%0.1570.186-16%0.346-55%0.488-68%0.669-77%
Usd Profit---325353.206-416071.998+28%-443749.606+36%-890894.772+174%-804277.099+147%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share---0.003-0.003+3%-0.003+8%-0.003+6%0.001-320%
 EOD+5 -3MRQTTM+15 -14YOY+13 -165Y+15 -1410Y+11 -18

3.2. Fundamental Score

Let's check the fundamental score of Cannabix Technologies Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-37.044
Price to Book Ratio (EOD)Between0-112.525
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.374
Current Ratio (MRQ)Greater than147.801
Debt to Asset Ratio (MRQ)Less than10.020
Debt to Equity Ratio (MRQ)Less than10.020
Return on Equity (MRQ)Greater than0.15-0.085
Return on Assets (MRQ)Greater than0.05-0.083
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Cannabix Technologies Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.106
Ma 20Greater thanMa 500.514
Ma 50Greater thanMa 1000.587
Ma 100Greater thanMa 2000.434
OpenGreater thanClose0.580
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets5,393
Total Liabilities107
Total Stockholder Equity5,286
 As reported
Total Liabilities 107
Total Stockholder Equity+ 5,286
Total Assets = 5,393

Assets

Total Assets5,393
Total Current Assets5,116
Long-term Assets277
Total Current Assets
Cash And Cash Equivalents 5,022
Net Receivables 40
Total Current Assets  (as reported)5,116
Total Current Assets  (calculated)5,062
+/- 54
Long-term Assets
Property Plant Equipment 231
Long-term Assets Other 46
Long-term Assets  (as reported)277
Long-term Assets  (calculated)277
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities107
Long-term Liabilities0
Total Stockholder Equity5,286
Total Current Liabilities
Total Current Liabilities  (as reported)107
Total Current Liabilities  (calculated)0
+/- 107
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)5,286
Total Stockholder Equity (calculated)0
+/- 5,286
Other
Capital Stock33,267
Common Stock Shares Outstanding 114,144
Net Invested Capital 5,286
Net Working Capital 5,009
Property Plant and Equipment Gross 586



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-312018-10-312018-07-312018-04-302018-01-312017-10-31
> Total Assets 
6,840
12,935
15,104
15,323
15,025
14,841
14,558
13,965
13,394
12,918
8,736
8,285
7,883
7,593
10,381
10,250
9,708
9,150
8,760
8,248
7,688
7,257
6,947
6,418
5,926
5,393
5,3935,9266,4186,9477,2577,6888,2488,7609,1509,70810,25010,3817,5937,8838,2858,73612,91813,39413,96514,55814,84115,02515,32315,10412,9356,840
   > Total Current Assets 
2,779
8,873
11,059
11,283
10,947
10,755
10,477
9,890
9,324
8,853
8,570
8,125
7,663
7,370
10,119
9,994
9,460
8,905
8,522
8,017
7,436
7,013
6,587
6,065
5,612
5,116
5,1165,6126,0656,5877,0137,4368,0178,5228,9059,4609,99410,1197,3707,6638,1258,5708,8539,3249,89010,47710,75510,94711,28311,0598,8732,779
       Cash And Cash Equivalents 
2,748
8,590
10,999
11,213
10,840
10,658
10,273
9,790
9,229
8,770
8,437
8,005
7,635
7,327
10,095
9,962
9,427
8,871
8,454
7,883
6,791
6,441
5,970
5,481
5,532
5,022
5,0225,5325,4815,9706,4416,7917,8838,4548,8719,4279,96210,0957,3277,6358,0058,4378,7709,2299,79010,27310,65810,84011,21310,9998,5902,748
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
546
546
500
500
500
500
500
500
500
500
500
500
0
0
00500500500500500500500500500500546546000000000000
       Net Receivables 
20
274
46
55
66
76
194
90
85
74
97
110
18
33
14
229
20
21
46
69
90
18
49
21
20
40
40202149189069462120229143318110977485901947666554627420
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-210
46
0
0
0
0
0
0
0
0
0
00000000046-210000000000000000
   > Long-term Assets 
0
0
0
0
0
0
4,081
4,075
4,070
4,065
166
161
220
224
262
256
249
245
238
230
251
244
360
352
315
277
2773153523602442512302382452492562622242201611664,0654,0704,0754,081000000
       Property Plant Equipment 
169
169
151
147
185
193
187
182
177
171
166
161
220
224
216
210
203
199
192
184
205
198
314
306
269
231
231269306314198205184192199203210216224220161166171177182187193185147151169169
       Long-term Assets Other 
0
0
0
0
0
4,086
4,081
4,075
4,070
4,065
0
0
0
0
46
46
46
46
46
46
46
46
46
46
46
46
46464646464646464646464600004,0654,0704,0754,0814,08600000
> Total Liabilities 
47
54
187
76
55
101
213
87
63
79
92
64
95
93
81
102
110
101
121
149
126
138
237
220
194
107
107194220237138126149121101110102819395649279638721310155761875447
   > Total Current Liabilities 
47
54
187
76
55
101
213
87
63
79
92
64
95
93
81
102
110
101
121
149
126
138
226
220
194
107
107194220226138126149121101110102819395649279638721310155761875447
       Accounts payable 
23
44
187
51
45
101
213
87
52
68
92
53
95
93
81
102
110
101
121
149
126
138
105
114
0
0
00114105138126149121101110102819395539268528721310145511874423
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12
0
0
0
000120000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12
0
0
0
000120000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
133
106
76
44
44761061330000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000
> Total Stockholder Equity
6,793
12,881
14,917
15,247
14,969
14,740
14,344
13,878
13,331
12,839
8,644
8,222
7,788
7,500
10,301
10,147
9,599
9,049
8,639
8,098
7,562
7,119
6,709
6,198
5,732
5,286
5,2865,7326,1986,7097,1197,5628,0988,6399,0499,59910,14710,3017,5007,7888,2228,64412,83913,33113,87814,34414,74014,96915,24714,91712,8816,793
   Common Stock
11,448
17,655
20,518
21,191
21,278
21,585
21,816
21,816
21,952
22,090
22,018
22,018
22,018
28,915
32,136
33,088
33,143
33,143
33,267
33,267
33,267
33,267
33,267
33,267
0
0
0033,26733,26733,26733,26733,26733,26733,14333,14333,08832,13628,91522,01822,01822,01822,09021,95221,81621,81621,58521,27821,19120,51817,65511,448
   Retained Earnings -36,266-35,819-34,899-34,321-33,981-33,297-32,739-32,183-31,543-29,950-29,354-28,815-28,294-21,116-20,682-19,572-15,082-14,559-13,140-12,601-11,797-11,273-9,030-8,721-8,243-7,907
   Capital Surplus 
0
0
0
0
0
0
0
5,201
5,938
5,938
6,276
6,964
6,964
6,929
6,980
6,623
6,601
7,615
7,691
7,691
7,691
7,901
0
0
0
0
00007,9017,6917,6917,6917,6156,6016,6236,9806,9296,9646,9646,2765,9385,9385,2010000000
   Treasury Stock00000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
5,129
0
0
-106
6,198
-79
-79
-50
6,980
-210
-195
-165
7,556
-120
-98
-68
7,764
7,830
0
0
007,8307,764-68-98-1207,556-165-195-2106,980-50-79-796,198-106005,129000000



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-04-30)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-0
Gross Profit00
 
Operating Income (+$)
Gross Profit0
Operating Expense-2,278
Operating Income-2,278-2,278
 
Operating Expense (+$)
Research Development1,278
Selling General Administrative873
Selling And Marketing Expenses0
Operating Expense2,2782,151
 
Net Interest Income (+$)
Interest Income140
Interest Expense-37
Other Finance Cost-37
Net Interest Income140
 
Pretax Income (+$)
Operating Income-2,278
Net Interest Income140
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-2,138-2,278
EBIT - interestExpense = -2,174
-2,138
-2,101
Interest Expense37
Earnings Before Interest and Taxes (EBIT)-2,137-2,101
Earnings Before Interest and Taxes (EBITDA)-1,975
 
After tax Income (+$)
Income Before Tax-2,138
Tax Provision-0
Net Income From Continuing Ops-2,138-2,138
Net Income-2,138
Net Income Applicable To Common Shares-2,138
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-140
 

Technical Analysis of Cannabix Technologies Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Cannabix Technologies Inc. The general trend of Cannabix Technologies Inc is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Cannabix Technologies Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Cannabix Technologies Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.65 < 0.82 < 0.88.

The bearish price targets are: 0.55 > 0.42 > 0.395.

Tweet this
Cannabix Technologies Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Cannabix Technologies Inc. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cannabix Technologies Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Cannabix Technologies Inc. The current macd is 0.011475.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Cannabix Technologies Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Cannabix Technologies Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Cannabix Technologies Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Cannabix Technologies Inc Daily Moving Average Convergence/Divergence (MACD) ChartCannabix Technologies Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Cannabix Technologies Inc. The current adx is 24.84.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Cannabix Technologies Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Cannabix Technologies Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Cannabix Technologies Inc. The current sar is 0.50254002.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Cannabix Technologies Inc Daily Parabolic SAR Chart
3rd party ad coffee SUPPORTERis ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Cannabix Technologies Inc. The current rsi is 56.11. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Cannabix Technologies Inc Daily Relative Strength Index (RSI) ChartCannabix Technologies Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Cannabix Technologies Inc. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Cannabix Technologies Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Cannabix Technologies Inc Daily Stochastic Oscillator ChartCannabix Technologies Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Cannabix Technologies Inc. The current cci is 91.35.

Cannabix Technologies Inc Daily Commodity Channel Index (CCI) ChartCannabix Technologies Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Cannabix Technologies Inc. The current cmo is 18.85.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Cannabix Technologies Inc Daily Chande Momentum Oscillator (CMO) ChartCannabix Technologies Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Cannabix Technologies Inc. The current willr is -36.84210526.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Cannabix Technologies Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Cannabix Technologies Inc Daily Williams %R ChartCannabix Technologies Inc Daily Williams %R Chart
3rd party ad coffee SUPPORTERis ad-free.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Cannabix Technologies Inc.

Cannabix Technologies Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Cannabix Technologies Inc. The current atr is 0.04537087.

Cannabix Technologies Inc Daily Average True Range (ATR) ChartCannabix Technologies Inc Daily Average True Range (ATR) Chart
3rd party ad coffee SUPPORTERis ad-free.

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Cannabix Technologies Inc. The current obv is 1,404,520.

Cannabix Technologies Inc Daily On-Balance Volume (OBV) ChartCannabix Technologies Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Cannabix Technologies Inc. The current mfi is 73.87.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Cannabix Technologies Inc Daily Money Flow Index (MFI) ChartCannabix Technologies Inc Daily Money Flow Index (MFI) Chart
3rd party ad coffee SUPPORTERis ad-free.

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Cannabix Technologies Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-01WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-12MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-18WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-25STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-30STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-16BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-11STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-26STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-07-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-07-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-18ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-19STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Cannabix Technologies Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Cannabix Technologies Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.106
Ma 20Greater thanMa 500.514
Ma 50Greater thanMa 1000.587
Ma 100Greater thanMa 2000.434
OpenGreater thanClose0.580
Total3/5 (60.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Cannabix Technologies Inc with someone you think should read this too:
  • Are you bullish or bearish on Cannabix Technologies Inc? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Cannabix Technologies Inc? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Cannabix Technologies Inc

I send you an email if I find something interesting about Cannabix Technologies Inc.


Comments

How you think about this?

Leave a comment

Stay informed about Cannabix Technologies Inc.

Receive notifications about Cannabix Technologies Inc in your mailbox!

3rd party ad coffee SUPPORTERis ad-free.