ORGANIGRAM HOLDINGS INC (OGI)

CA68620P7056 - Common Stock

1.915  -0.21 (-9.67%)

After market: 1.96 +0.04 (+2.35%)

Technical Rating and Analysis

2

Taking everything into account, OGI scores 2 out of 10 in our technical rating. OGI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, OGI is a bad performer in the overall market: 64% of all stocks are doing better.
OGI has an average volume of 1682530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
OGI is an average performer in the Pharmaceuticals industry, it outperforms 56% of 198 stocks in the same industry.
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.
In the last month OGI has a been trading in the 1.78 - 2.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
OGI Weekly chart
OGI Daily chart
Setup Rating and Analysis

3

The technical rating of OGI is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

1.80

2.57

We found 3 important support areas.

  • Support @1.89 from a trend line in the daily time frame.
  • A support zone ranging from 1.85 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1.82 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @2.13 from a horizontal line in the daily time frame.
  • Resistance @2.54 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.52
Mansfield0.89
10 Day High2.17
10 Day Low1.8
20 Day High2.37
20 Day Low1.78
52 Week High2.91
52 Week Low0.97
Performance
1 Week-0.78%
2 Weeks4.64%
1 Month-16.38%
3 Month4.64%
6 Month65.09%
12 Month-7.93%
2 Year-58.37%
3 Year-85.09%
5 Year-93.39%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)46.33
LBB1.77
UBB2.04
OGI Daily chart

ORGANIGRAM HOLDINGS INC

NASDAQ:OGI (5/1/2024, 7:14:10 PM)

After market: 1.96 +0.04 (+2.35%)

1.915

-0.21 (-9.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-9.67%
1 Week-0.78%
2 Weeks4.64%
1 Month-16.38%
3 Month4.64%
6 Month65.09%
12 Month-7.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.14
ATR(20)%7.6%
ATR Inc
Range Today0.21
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.17
10 Day Low1.8
20 Day High2.37
20 Day Low1.78
52 Week High2.91
52 Week Low0.97
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.00M
Volume Incr19%
Vol(5)2.74M
Vol(50)1.68M