25 XP   0   0   10

Cannabix Technologies Inc
Buy, Hold or Sell?

Let's analyse Cannabix Technologies Inc together

PenkeI 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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?
$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
$0.05
Expected worth in 1 year
$0.03
How sure are you?
27.5%

+ What do you gain per year?

Total Gains per Share
$-0.02
Return On Investment
-9.5%

For what price can you sell your share?

Current Price per Share
$0.17
Expected price per share
$0.145 - $0.199
How sure are you?
50%

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




Live pricePrice per Share (EOD)

$0.17

Intrinsic Value Per Share

$-0.16 - $-0.11

Total Value Per Share

$-0.12 - $-0.06

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




Is Cannabix Technologies Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$5.2m$7.8m-$1.8m-31.3%

How much money is Cannabix Technologies Inc making?

Current yearPrevious yearGrowGrow %
Making money-$571.3k-$609.3k$38k6.7%
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 / 340

Most Revenue
#336 / 340

Most Profit
#138 / 340

Most Efficient
#128 / 340

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 $0.1694. 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 $0.05. Based on the TTM, the Book Value Change Per Share is $0.00 per quarter. Based on the YOY, the Book Value Change Per Share is $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 $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
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.00-2.3%-0.01-3.0%-0.01-3.2%-0.01-6.3%-0.01-4.5%
Usd Book Value Change Per Share0.00-2.3%0.00-2.4%0.00-2.5%0.00-2.4%0.000.6%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-2.3%0.00-2.4%0.00-2.5%0.00-2.4%0.000.6%
Usd Price Per Share0.16-0.19-0.37-0.52-0.55-
Price to Earnings Ratio-10.09--11.40--17.46--19.99--39.53-
Price-to-Total Gains Ratio-40.37--48.47--89.35--121.64--99.36-
Price to Book Ratio3.41-3.64-5.37-6.63-7.04-
Price-to-Total Gains Ratio-40.37--48.47--89.35--121.64--99.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.1694
Number of shares5903
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 (5903 shares)-23.70-24.45
Gains per Year (5903 shares)-94.80-97.79
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-95-1050-98-108
20-190-2000-196-206
30-284-2950-293-304
40-379-3900-391-402
50-474-4850-489-500
60-569-5800-587-598
70-664-6750-684-696
80-758-7700-782-794
90-853-8650-880-892
100-948-9600-978-990

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%0.040.00.00.0%0.044.00.00.0%
Book Value Change Per Share0.04.00.00.0%1.011.00.08.3%2.018.00.010.0%11.029.00.027.5%13.031.00.029.5%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.044.00.0%
Total Gains per Share0.04.00.00.0%1.011.00.08.3%2.018.00.010.0%11.029.00.027.5%13.031.00.029.5%

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 2024-03-29 03:44:04.

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.

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--10.6%+10.6%
TTM--20.2%+20.2%
YOY--14.0%+14.0%
5Y--19.5%+19.5%
10Y--23.8%+23.8%
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-14.6%+0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.3%-3.0%-5.3%
TTM-9.4%-4.2%-5.2%
YOY-7.7%-4.0%-3.7%
5Y-14.6%-3.8%-10.8%
10Y-14.6%-4.1%-10.5%
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-15.8%+1.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.5%-3.5%-5.0%
TTM-9.7%-4.4%-5.3%
YOY-7.8%-4.7%-3.1%
5Y-14.8%-5.7%-9.1%
10Y-15.8%-6.2%-9.6%

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--24.5%+24.5%
TTM--14.9%+14.9%
YOY--11.5%+11.5%
5Y--17.1%+17.1%
10Y--20.6%+20.6%
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-1.454-1.454
TTM-1.452-1.452
YOY-1.434-1.434
5Y-1.432-1.432
10Y-1.366-1.366

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
5Y78.48810Y79.825-1.337
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ47.8012.789+45.012
TTM33.3832.793+30.590
YOY58.5013.586+54.915
5Y78.4883.492+74.996
10Y79.8253.450+76.375
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 51.97 means the company can pay off $51.97 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 51.970. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 35.969. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ51.970TTM35.969+16.001
TTM35.969YOY60.037-24.068
TTM35.9695Y79.329-43.360
5Y79.32910Y81.333-2.004
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ51.9701.587+50.383
TTM35.9691.633+34.336
YOY60.0372.185+57.852
5Y79.3292.300+77.029
10Y81.3332.255+79.078

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
5Y0.01510Y0.023-0.008
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0200.400-0.380
TTM0.0300.386-0.356
YOY0.0170.330-0.313
5Y0.0150.440-0.425
10Y0.0230.460-0.437
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
5Y0.01510Y0.026-0.011
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0200.566-0.546
TTM0.0310.569-0.538
YOY0.0170.479-0.462
5Y0.0150.626-0.611
10Y0.0260.692-0.666

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 -10.09 means the investor is paying $-10.09 for every $1 in earnings.

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

  • The EOD is -10.819. Based on the earnings, the company is expensive. -2
  • The MRQ is -10.091. Based on the earnings, the company is expensive. -2
  • The TTM is -11.400. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-10.819MRQ-10.091-0.728
MRQ-10.091TTM-11.400+1.308
TTM-11.400YOY-17.462+6.063
TTM-11.4005Y-19.993+8.594
5Y-19.99310Y-39.529+19.536
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-10.819-1.038-9.781
MRQ-10.091-1.216-8.875
TTM-11.400-1.757-9.643
YOY-17.462-2.582-14.880
5Y-19.993-1.553-18.440
10Y-39.529-1.463-38.066
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 -9.819. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.158. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -12.494. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-9.819MRQ-9.158-0.661
MRQ-9.158TTM-12.494+3.336
TTM-12.494YOY-21.507+9.013
TTM-12.4945Y-30.790+18.296
5Y-30.79010Y-47.255+16.464
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-9.819-1.207-8.612
MRQ-9.158-1.746-7.412
TTM-12.494-2.961-9.533
YOY-21.507-6.143-15.364
5Y-30.790-4.928-25.862
10Y-47.255-5.626-41.629
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 3.41 means the investor is paying $3.41 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 3.658. Based on the equity, the company is fair priced.
  • The MRQ is 3.412. Based on the equity, the company is fair priced.
  • The TTM is 3.638. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.658MRQ3.412+0.246
MRQ3.412TTM3.638-0.226
TTM3.638YOY5.368-1.730
TTM3.6385Y6.634-2.996
5Y6.63410Y7.042-0.408
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD3.6582.038+1.620
MRQ3.4122.321+1.091
TTM3.6382.444+1.194
YOY5.3683.028+2.340
5Y6.6343.918+2.716
10Y7.0424.245+2.797
2. Total Gains per Share

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%0.001-463%
Book Value Per Share--0.0460.052-12%0.069-33%0.078-41%0.070-34%
Current Ratio--47.80133.383+43%58.501-18%78.488-39%79.825-40%
Debt To Asset Ratio--0.0200.030-34%0.017+18%0.015+31%0.023-13%
Debt To Equity Ratio--0.0200.031-35%0.017+18%0.015+31%0.026-22%
Dividend Per Share----0%-0%-0%-0%
Eps---0.004-0.005+28%-0.005+36%-0.011+172%-0.008+97%
Free Cash Flow Per Share---0.004-0.004-10%-0.004+3%-0.004-3%-0.004-17%
Free Cash Flow To Equity Per Share---0.004-0.004-6%-0.004-5%-0.002-50%0.001-596%
Gross Profit Margin--1.0041.0080%1.084-7%1.046-4%1.070-6%
Intrinsic Value_10Y_max---0.111--------
Intrinsic Value_10Y_min---0.163--------
Intrinsic Value_1Y_max---0.014--------
Intrinsic Value_1Y_min---0.017--------
Intrinsic Value_3Y_max---0.040--------
Intrinsic Value_3Y_min---0.051--------
Intrinsic Value_5Y_max---0.063--------
Intrinsic Value_5Y_min---0.085--------
Market Cap19335993.600+7%18034768.43221915667.968-18%42204782.454-57%60434334.552-70%64913779.996-72%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio3.658+7%3.4123.638-6%5.368-36%6.634-49%7.042-52%
Pe Ratio-10.819-7%-10.091-11.400+13%-17.462+73%-19.993+98%-39.529+292%
Price Per Share0.169+7%0.1580.192-18%0.370-57%0.520-70%0.551-71%
Price To Free Cash Flow Ratio-9.819-7%-9.158-12.494+36%-21.507+135%-30.790+236%-47.255+416%
Price To Total Gains Ratio-43.278-7%-40.365-48.475+20%-89.347+121%-121.635+201%-99.357+146%
Quick Ratio--51.97035.969+44%60.037-13%79.329-34%81.333-36%
Return On Assets---0.083-0.094+14%-0.077-7%-0.146+76%-0.146+76%
Return On Equity---0.085-0.097+15%-0.078-8%-0.148+75%-0.158+86%
Total Gains Per Share---0.004-0.004+3%-0.004+8%-0.004+6%0.001-463%
Usd Book Value--5285651.0005981372.000-12%7854494.000-33%9049338.350-42%8151933.900-35%
Usd Book Value Change Per Share---0.004-0.004+3%-0.004+8%-0.004+6%0.001-463%
Usd Book Value Per Share--0.0460.052-12%0.069-33%0.078-41%0.070-34%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.004-0.005+28%-0.005+36%-0.011+172%-0.008+97%
Usd Free Cash Flow---492305.000-443769.000-10%-506750.750+3%-484494.000-2%-411527.475-16%
Usd Free Cash Flow Per Share---0.004-0.004-10%-0.004+3%-0.004-3%-0.004-17%
Usd Free Cash Flow To Equity Per Share---0.004-0.004-6%-0.004-5%-0.002-50%0.001-596%
Usd Market Cap19335993.600+7%18034768.43221915667.968-18%42204782.454-57%60434334.552-70%64913779.996-72%
Usd Price Per Share0.169+7%0.1580.192-18%0.370-57%0.520-70%0.551-71%
Usd Profit---446791.000-571370.500+28%-609379.250+36%-1223420.350+174%-893497.775+100%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share---0.004-0.004+3%-0.004+8%-0.004+6%0.001-463%
 EOD+5 -3MRQTTM+16 -14YOY+13 -175Y+12 -1810Y+10 -20

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)Between0-15-10.819
Price to Book Ratio (EOD)Between0-13.658
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than151.970
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
Total4/10 (40.0%)

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 than5058.980
Ma 20Greater thanMa 500.158
Ma 50Greater thanMa 1000.160
Ma 100Greater thanMa 2000.160
OpenGreater thanClose0.154
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in USD. 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 4,522
Short-term Investments 500
Net Receivables 40
Other Current Assets 54
Total Current Assets  (as reported)5,116
Total Current Assets  (calculated)5,116
+/-0
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
Short-term Debt 44
Other Current Liabilities 63
Total Current Liabilities  (as reported)107
Total Current Liabilities  (calculated)107
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock33,267
Retained Earnings -36,266
Accumulated Other Comprehensive Income 8,285
Total Stockholder Equity (as reported)5,286
Total Stockholder Equity (calculated)5,286
+/-0
Other
Capital Stock33,267
Cash and Short Term Investments 5,022
Common Stock Shares Outstanding 114,144
Liabilities and Stockholders Equity 5,393
Net Debt -4,478
Net Invested Capital 5,286
Net Working Capital 5,009
Property Plant and Equipment Gross 586
Short Long Term Debt Total 44



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-312019-10-312019-07-312019-04-302019-01-312018-10-312018-07-312018-04-302018-01-312017-10-312017-07-312017-04-302017-01-312016-10-312016-07-312016-04-302016-01-312015-10-312015-07-312015-04-302015-01-312014-10-312014-07-312014-04-302014-01-312013-10-312013-07-312013-04-302013-01-312012-10-312012-07-31
> Total Assets 
0
0
0
90
88
85
446
307
1,672
1,266
1,329
5,050
5,117
4,918
4,720
6,421
6,265
6,791
7,835
7,597
7,256
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
5,3935,9266,4186,9477,2577,6888,2488,7609,1509,70810,25010,3817,5937,8838,2858,73612,91813,39413,96514,55814,84115,02515,32315,10412,9356,8407,2567,5977,8356,7916,2656,4214,7204,9185,1175,0501,3291,2661,672307446858890000
   > Total Current Assets 
0
0
0
11
9
6
388
284
1,152
745
808
1,290
1,356
1,158
960
2,661
2,505
2,987
3,897
3,654
3,194
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
5,1165,6126,0656,5877,0137,4368,0178,5228,9059,4609,99410,1197,3707,6638,1258,5708,8539,3249,89010,47710,75510,94711,28311,0598,8732,7793,1943,6543,8972,9872,5052,6619601,1581,3561,2908087451,1522843886911000
       Cash And Cash Equivalents 
0
0
0
6
8
2
297
241
1,049
683
784
1,277
779
580
382
2,624
2,480
2,974
3,877
3,553
3,143
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
7,291
6,941
6,470
5,981
5,532
4,522
4,5225,5325,9816,4706,9417,2917,8838,4548,8719,4279,96210,0957,3277,6358,0058,4378,7709,2299,79010,27310,65810,84011,21310,9998,5902,7483,1433,5533,8772,9742,4802,6243825807791,2777846831,049241297286000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
517
517
517
517
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
500
500
500
500
500
500
5005005005005005000000000000000000000000000051751751751700000000000
       Net Receivables 
0
0
0
5
1
4
16
1
18
36
24
12
59
60
59
19
24
12
20
30
41
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
4020214918906946212022914331811097748590194766655462742041302012241959605912243618116415000
       Other Current Assets 
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
0
0
0
0
0
0
0
0
0
0
-210
46
0
0
0
55
54
67
64
59
54
54596467545500046-210000000000000000000000000000000000000
   > Long-term Assets 
0
0
0
79
79
79
58
23
521
521
521
3,760
3,760
3,760
3,760
3,760
3,760
3,805
3,937
3,943
4,062
4,062
4,062
4,045
4,040
4,078
4,086
4,081
4,075
4,070
4,065
166
161
220
224
262
256
249
245
238
230
251
244
360
352
315
277
2773153523602442512302382452492562622242201611664,0654,0704,0754,0814,0864,0784,0404,0454,0624,0624,0623,9433,9373,8053,7603,7603,7603,7603,7603,7605215215212358797979000
       Property Plant Equipment 
0
0
0
50
50
50
58
23
23
23
23
0
0
0
0
0
0
44
44
49
169
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
2312693063141982051841921992032102162242201611661711771821871931851471511691691694944440000002323232358505050000
       Intangible Assets 
0
0
0
0
0
0
0
0
498
498
498
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
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000000000049849849800000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,893
3,893
3,120
3,893
4,836
4,702
4,551
3,893
581
3,893
3,893
3,893
3,893
0
0
0
0
46
46
46
46
46
46
46
46
46
46
0
0
004646464646464646464600003,8933,8933,8933,8935813,8934,5514,7024,8363,8933,1203,8933,893000000000000000000
> Total Liabilities 
0
0
0
35
52
117
89
82
84
98
110
70
35
38
34
5
54
89
38
158
105
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
107194220237138126149121101110102819395649279638721310155761875447105158388954534383570110988482891175235000
   > Total Current Liabilities 
0
0
0
35
52
117
89
82
84
98
110
70
35
38
34
5
54
89
38
158
105
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
107194220226138126149121101110102819395649279638721310155761875447105158388954534383570110988482891175235000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
121
106
76
0
0
121
106
76
44
4476106121007610612100000000000000000000000000000000000000
       Accounts payable 
0
0
0
21
38
103
32
27
31
45
57
70
17
25
22
5
54
89
38
158
105
47
54
187
76
55
101
213
87
63
79
92
64
95
93
81
102
110
121
121
149
126
138
105
114
0
0
0011410513812614912112111010281939564927963872131015576187544710515838895452225177057453127321033821000
       Other Current Liabilities 
0
0
0
14
14
14
57
55
53
53
53
0
18
12
12
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-121
44
49
126
138
105
114
118
63
631181141051381264944-1210000000000000000000000012121805353535557141414000
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12
0
0
0
0
12
0
0
0
0001200001200000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,893
3,893
3,120
3,893
4,836
4,702
4,551
3,893
581
3,893
3,893
3,893
3,893
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000003,8933,8933,8933,8935813,8934,5514,7024,8363,8933,1203,8933,893000000000000000000
> Total Stockholder Equity
0
0
0
55
35
-32
356
225
1,588
1,168
1,219
4,980
5,081
4,881
4,686
6,416
6,211
6,702
7,797
7,438
7,150
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
5,2865,7326,1986,7097,1197,5628,0988,6399,0499,59910,14710,3017,5007,7888,2228,64412,83913,33113,87814,34414,74014,96915,24714,91712,8816,7937,1507,4387,7976,7026,2116,4164,6864,8815,0814,9801,2191,1681,588225356-323555000
   Common Stock
0
0
0
267
267
267
763
863
2,243
2,325
2,649
6,839
7,070
7,070
7,070
9,114
9,124
9,842
11,295
11,439
11,448
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
33,267
33,267
33,26733,26733,26733,26733,26733,26733,26733,26733,14333,14333,08832,13628,91522,01822,01822,01822,09021,95221,81621,81621,58521,27821,19120,51817,65511,44811,44811,43911,2959,8429,1249,1147,0707,0707,0706,8392,6492,3252,243863763267267267000
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,764
7,830
0
8,285
8,28507,8307,7640000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
86
86
86
86
164
807
494
494
745
795
795
819
822
1,403
1,403
2,544
3,251
3,251
3,251
3,469
3,119
3,087
4,964
4,952
5,129
5,201
5,938
5,831
6,198
6,885
6,885
6,879
6,980
6,413
6,406
7,450
7,556
7,571
7,593
7,833
7,764
7,830
8,285
0
08,2857,8307,7647,8337,5937,5717,5567,4506,4066,4136,9806,8796,8856,8856,1985,8315,9385,2015,1294,9524,9643,0873,1193,4693,2513,2513,2512,5441,4031,40382281979579574549449480716486868686000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue0
Cost of Revenue-126
Gross Profit-126-126
 
Operating Income (+$)
Gross Profit-126
Operating Expense-2,278
Operating Income-2,101-2,404
 
Operating Expense (+$)
Research Development1,278
Selling General Administrative627
Selling And Marketing Expenses-
Operating Expense2,2781,905
 
Net Interest Income (+$)
Interest Income176
Interest Expense-37
Other Finance Cost-0
Net Interest Income140
 
Pretax Income (+$)
Operating Income-2,101
Net Interest Income140
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-2,138-2,065
EBIT - interestExpense = -2,138
-2,138
-2,101
Interest Expense37
Earnings Before Interest and Taxes (EBIT)-2,101-2,101
Earnings Before Interest and Taxes (EBITDA)-1,975
 
After tax Income (+$)
Income Before Tax-2,138
Tax Provision--
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 Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses2,278
Total Other Income/Expenses Net-37-140
 

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 BEARISH with 28.6% 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 (-28.6%) Bearish trend (28.6%)
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: 0.173 < 0.194 < 0.199.

The bearish price targets are: 0.15 > 0.15 > 0.145.

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 5/14.
The longshort score for the Moving Averages is -4/(-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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower 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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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 -0.00014824.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-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 below the zero line (centerline), it indicates a bearish signal for Cannabix Technologies Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Cannabix Technologies Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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 17.67.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
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 0.1795591.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Cannabix Technologies Inc Daily Parabolic SAR Chart

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 58.98. The current phase is Correction in bear 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).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • 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 Overbought in bear market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • 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 138.62.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
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 29.41.

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 -15.65217391.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Cannabix Technologies Inc Daily Williams %R ChartCannabix Technologies Inc Daily Williams %R Chart

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 0.01177724.

Cannabix Technologies Inc Daily Average True Range (ATR) ChartCannabix Technologies Inc Daily Average True Range (ATR) Chart

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 -4,129,266.

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 68.73.

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

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
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-07DMI 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
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH 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.
2024-02-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-26DMI 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
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28STOCH 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).

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 than5058.980
Ma 20Greater thanMa 500.158
Ma 50Greater thanMa 1000.160
Ma 100Greater thanMa 2000.160
OpenGreater thanClose0.154
Total1/5 (20.0%)
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!