ORGANIGRAM GLOBAL INC (OGI.CA) Stock Technical Analysis
TSX:OGI - Toronto Stock Exchange - CA68617J1003 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to OGI. OGI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OGI is part of the Pharmaceuticals industry. There are 35 other stocks in this industry. OGI outperforms 70% of them.
In the last month OGI has a been trading in the 1.71 - 2.05 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
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 62% of all stocks.
OGI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OGI is lagging the market slightly.
OGI has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.35
2.59
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.36 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.91 from a horizontal line in the weekly time frame.
- Resistance @2.01 from a horizontal line in the daily time frame.
- Resistance @2.38 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 | NEUTRAL | NEUTRAL | The long term trend for OGI.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OGI.CA is up. |
| ChartMill Relative Strength | 62.04 | 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 | NEGATIVE | The current price of OGI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.45 | NEUTRAL | The RSI value for OGI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OGI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.62 | NEUTRAL | The Stochastics value for OGI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for OGI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.55 | POSITIVE | The high ADX value value for OGI.CA suggests a strong 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 |
|---|---|---|---|
| 1.92 | 1.82 | 0.10 (5.21%) | 19.20% |
| An entry @1.92. This is a Buy Stop order right above the resistance zone. | An exit @1.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 5.21%. | When investing 19.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (6/13/2025, 7:00:00 PM)
1.9
-0.09 (-4.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.52%
1 Week2.15%
2 Weeks3.83%
1 Month9.83%
3 Month28.38%
6 Month-9.52%
12 Month-10.38%
2 Year-5%
3 Year-59.75%
5 Year-77.59%
10 Year21.79%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%3.87%
ATR Inc17.36%
Range Today0.1
ADR(20)0.07
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.04
Mansfield-1.22
10 Day High2.05
10 Day Low1.76
20 Day High2.05
20 Day Low1.71
52 Week High2.84
52 Week Low1.22
CS1 End1.85
CR1 Start1.91
Volume & EV
DER(3)0%
DER(5)3.22%
Volume104.61K
Volume Incr-32%
Vol(5)122.22K
Vol(50)155.54K