Technical Analysis for OGI - Organigram Holdings Inc.

Grade Last Price % Change Price Change
D 1.76 -2.22% -0.04
OGI closed down 2.22 percent on Wednesday, May 8, 2024, on 60 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 14
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
BB Squeeze Started Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -2.22%
MACD Bearish Signal Line Cross Bearish -2.22%
Calm After Storm Range Contraction -2.22%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 16 hours ago
60 Minute Opening Range Breakout about 19 hours ago
2x Volume Pace about 20 hours ago
1.5x Volume Pace about 20 hours ago
Lower Bollinger Band Support about 20 hours ago

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Profile

OrganiGram Holdings Inc., through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders. OrganiGram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Medicine Health Sciences Cannabis Euphoriants Entheogens Medicinal Plants Herbalism Medical Cannabis Plants Cannabis Oil

Is OGI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.91
52 Week Low 0.9702
Average Volume 1,721,702
200-Day Moving Average 1.61
50-Day Moving Average 2.05
20-Day Moving Average 1.90
10-Day Moving Average 1.88
Average True Range 0.15
RSI (14) 40.12
ADX 13.02
+DI 18.73
-DI 18.41
Chandelier Exit (Long, 3 ATRs) 1.74
Chandelier Exit (Short, 3 ATRs) 2.17
Upper Bollinger Bands 2.05
Lower Bollinger Band 1.74
Percent B (%b) 0.06
BandWidth 16.28
MACD Line -0.06
MACD Signal Line -0.06
MACD Histogram -0.0081
Fundamentals Value
Market Cap 165.54 Million
Num Shares 94.1 Million
EPS -1.87
Price-to-Earnings (P/E) Ratio -0.94
Price-to-Sales 1.44
Price-to-Book 1.06
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.88
Resistance 3 (R3) 1.88 1.85 1.86
Resistance 2 (R2) 1.85 1.82 1.85 1.85
Resistance 1 (R1) 1.80 1.80 1.79 1.80 1.85
Pivot Point 1.77 1.77 1.76 1.77 1.77
Support 1 (S1) 1.72 1.74 1.71 1.72 1.67
Support 2 (S2) 1.69 1.72 1.69 1.67
Support 3 (S3) 1.64 1.69 1.66
Support 4 (S4) 1.64