OGI Technical Analysis - ORGANIGRAM GLOBAL INC

Technical Rating and Analysis

Overall OGI gets a technical rating of 9 out of 10. Both in the recent history as in the last year, OGI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

OGI is part of the Pharmaceuticals industry. There are 196 other stocks in this industry. OGI outperforms 70% of them.

OGI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month OGI has a been trading in the 1.56 - 2.08 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that OGI is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ORGANIGRAM GLOBAL INC / OGI Weekly stock chart

ORGANIGRAM GLOBAL INC / OGI Daily stock chart

Setup Rating and Analysis

Although OGI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.30

2.05

5 important support areas can be observed.

Support @1.56 from a trend line in the daily time frame.
Support @1.53 from a trend line in the weekly time frame.
Support @1.49 from a trend line in the daily time frame.
Support @1.39 from a trend line in the weekly time frame.
Support @1.31 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for OGI is up.
ChartMill Relative Strength	85.75	POSITIVE	OGI has a high relative strength, it outperformed 85.75% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of OGI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of OGI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of OGI is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.8	OVERBOUGHT	The high RSI value suggests OGI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests OGI has a positive trend.
Stochastics (14,3)	71.38	NEUTRAL	The Stochastics value for OGI is a neutral value.
Average True Range in percent/ATR (20)	4.22	MEDIUM VOLATILITY	The ATR as a percentage value for OGI suggests some volalility.
Average Directional Index/ADX (14)	37.61	POSITIVE	The high ADX value value for OGI suggests a strong trend.