Cannabis stocks Aurora Cannabis Inc. (NASDAQ:ACB) and Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Tuesday. Here's a look at what's going on.
The Details:
Florida's Supreme Court ruled on Monday to allow an initiative that would legalize recreational marijuana to appear on the state's ballot in November.
If approved by 60% of voters, the proposal would legalize the "non-medical personal use of marijuana products and marijuana accessories by an adult" 21 or older in the state.
Cannabis stocks have rallied significantly amid legalization in Germany and renewed hopes of rescheduling in the U.S. with Aurora climbing more than 50% and Canopy Growth up over 160% over the past month.
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ACB Stock Prediction 2024:
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Aurora Cannabis, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Aurora Cannabis, the 200-day moving average sits at $4.88, according to Benzinga Pro, which is above the current price of $4.79. For more on charts and trend lines, see a description here.
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
ACB, CGC Price Action: According to Benzinga Pro, Aurora Cannabis shares are up 13.5% at $4.89, and Canopy Growth shares are up 12.2% at $8.46 at the time of publication Tuesday.
大麻股票Aurora Cannabis Inc.（納斯達克股票代碼：ACB）和Canopy Growth Corporation（納斯達克股票代碼：CGC）的股價週二上漲。以下是正在發生的事情。
細節：
佛羅里達州最高法院週一裁定，允許一項使休閒大麻合法化的倡議出現在該州11月的投票中。
如果獲得60％的選民的批准，該提案將使該州21歲及以上 “成年人個人使用大麻製品和大麻配件的非醫療用途” 合法化。
在德國合法化的背景下，大麻庫存大幅上漲，美國重新燃起了改期的希望，在過去的一個月中，Aurora上漲了50％以上，Canopy Growth上漲了160％以上。
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2024 年 ACB 股票預測：
華爾街內外的股票研究分析師通常使用收益增長和基礎研究作爲估值和預測的一種形式。但是，許多交易者將技術分析作爲形成股價走勢預測模型的一種方式。
一些投資者通過趨勢來幫助預測他們認爲股票在未來某個時刻的交易走向。從Aurora Cannabis來看，投資者可以使用移動平均線和趨勢線對股票的長期前景進行評估。如果他們認爲股票將保持在移動平均線上方（許多人認爲這是一個看漲信號），他們可以使用趨勢線將這種趨勢推斷到未來。根據Benzinga Pro的數據，Aurora Cannabis的200天移動平均線爲4.88美元，高於目前的4.79美元。有關圖表和趨勢線的更多信息，請參閱此處的描述。
交易者認爲，當股票高於其移動平均線時，這是一個普遍看漲的信號，而當它跌破移動平均線時，則是一個更加消極的信號。投資者可以使用趨勢線做出有根據的猜測，如果情況保持穩定，股票以後可以在哪裏交易。
ACB，CGC價格走勢：根據Benzinga Pro的數據，在週二發佈時，Aurora Cannabis股價上漲13.5％，至4.89美元，Canopy Growth股價上漲12.2％，至8.46美元。
