ORGANIGRAM GLOBAL INC (OGI.CA) Stock Technical Analysis
TSX:OGI - Toronto Stock Exchange - CA68617J1003 - Common Stock - Currency: CAD
Overall OGI gets a technical rating of 8 out of 10. Although OGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
OGI is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 70% of 35 stocks in the same industry.
In the last month OGI has a been trading in the 1.73 - 2.04 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, OGI turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
OGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OGI is lagging the market.
Considerably lower volume is observed in the last couple of days.
OGI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.92, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.35
2.59
3 important support areas can be observed.
- A support zone ranging from 1.89 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.36 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.00 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.35 from a trend line in the daily time frame.
- Resistance @2.56 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OGI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OGI.CA is up. |
| ChartMill Relative Strength | 56.84 | NEUTRAL | OGI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OGI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OGI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OGI.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.44 | NEUTRAL | The RSI value for OGI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OGI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.86 | OVERBOUGHT | The high Stochastics value suggests OGI.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for OGI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.63 | NEUTRAL | The ADX value for OGI.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.04 | 1.88 | 0.16 (7.84%) | 12.75% |
| An entry @2.04. This is a Buy Stop order right above the resistance zone. | An exit @1.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.16 points, which is 7.84%. | For a 1.00% total portfolio risk, you can invest 12.75% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:OGI (7/16/2025, 7:00:00 PM)
1.99
+0.03 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.53%
1 Week0.51%
2 Weeks4.74%
1 Month5.85%
3 Month34.46%
6 Month-10.36%
12 Month-10.76%
2 Year0%
3 Year-63.95%
5 Year-69.29%
10 Year34.46%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%3.28%
ATR Inc5.38%
Range Today0.07
ADR(20)0.06
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.84
Mansfield-0.99
10 Day High2.04
10 Day Low1.87
20 Day High2.04
20 Day Low1.73
52 Week High2.84
52 Week Low1.22
CS1 End1.92
CR1 Start2
Volume & EV
DER(3)0%
DER(5)0%
Volume33.22K
Volume Incr9.28%
Vol(5)66.24K
Vol(50)113.08K