ORGANIGRAM GLOBAL INC (OGI) Stock Technical Analysis
NASDAQ:OGI • CA68617J1003
We assign a technical rating of 1 out of 10 to OGI. OGI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- OGI has an average volume of 1291730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, OGI outperforms 46% of them, which is more or less in line with the market.
- OGI is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, OGI did better than 54% of them.
- 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.
- In the last month OGI has a been trading in the 1.27 - 1.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OGI has a poor technical rating and the quality of the setup is also 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
1.26
When analyzing the support we notice one important area.
- A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.45 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.54 from a trend line in the daily time frame.
- A resistance zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.02 from a horizontal line in the weekly time frame.
- Resistance @2.07 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for OGI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OGI is down. |
| ChartMill Relative Strength | 46.99 | NEUTRAL | OGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OGI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OGI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.7 | NEUTRAL | The RSI value for OGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OGI has a positive trend. |
| Stochastics (14,3) | 40.93 | NEUTRAL | The Stochastics value for OGI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.35 | HIGH VOLATILITY | The high ATR as a percentage value for OGI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.37 | POSITIVE | The high ADX value value for OGI suggests a strong trend. |
1.44
-0.01 (-0.69%)
ORGANIGRAM GLOBAL INC / OGI FAQ
Can you provide the ChartMill technical rating for ORGANIGRAM GLOBAL INC?
ChartMill assigns a technical rating of 1 / 10 to OGI.
Can you provide the trend direction for ORGANIGRAM GLOBAL INC?
The current trend direction for ORGANIGRAM GLOBAL INC (OGI) is Bearish.
What is the RSI signal for OGI stock?
ORGANIGRAM GLOBAL INC (OGI) has an RSI value of 45.7048. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORGANIGRAM GLOBAL INC?
The MACD indicator for ORGANIGRAM GLOBAL INC (OGI) has a value of 0.000974221, indicating a bearish trend.
What is the support and resistance level for OGI stock?
ORGANIGRAM GLOBAL INC (OGI) has a support level at 1.29 and a resistance level at 1.45. Check the full technical report for our detailed analysis of OGI support and resistance levels.