ORGANIGRAM GLOBAL INC (OGI) Stock Technical Analysis
USA - NASDAQ:OGI - CA68617J1003 - Common Stock
Taking everything into account, OGI scores 6 out of 10 in our technical rating. OGI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
OGI has an average technical rating and it also does not offer a high 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.
More info and screens
1.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.67 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.60 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.31 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.88 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.03 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 is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OGI is down. |
| ChartMill Relative Strength | 52.78 | NEUTRAL | OGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OGI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OGI is below 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) | 45.42 | NEUTRAL | The RSI value for OGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.87 | OVERSOLD | The low Stochastics value suggests OGI may be oversold. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for OGI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.23 | POSITIVE | The high ADX value value for OGI suggests a strong trend. |
1.75
+0.01 (+0.57%)
ORGANIGRAM GLOBAL INC / OGI FAQ
Can you provide the ChartMill technical rating for ORGANIGRAM GLOBAL INC?
ChartMill assigns a technical rating of 6 / 10 to OGI.
What is the current trend direction of ORGANIGRAM GLOBAL INC (OGI) stock?
The current trend direction for ORGANIGRAM GLOBAL INC (OGI) is Bullish.
What is the RSI signal for OGI stock?
ORGANIGRAM GLOBAL INC (OGI) has an RSI value of 45.423. 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 -0.0323994, indicating a bearish trend.
What is the buy/sell signal for ORGANIGRAM GLOBAL INC (OGI) stock?
The buy/sell signal for ORGANIGRAM GLOBAL INC (OGI) is hold as the short term and long term trends are mixed.