We assign a technical rating of 4 out of 10 to OGI. In the last year, OGI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, OGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OGI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.42
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.46 to 1.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.84 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for OGI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OGI is neutral. |
| ChartMill Relative Strength | 54.21 | NEUTRAL | OGI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of OGI is below a declining 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) | 53.14 | NEUTRAL | The RSI value for OGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OGI has a positive trend. |
| Stochastics (14,3) | 56.67 | NEUTRAL | The Stochastics value for OGI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for OGI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for OGI suggests a weak or negative trend. |
1.64
+0.03 (+1.86%)
ORGANIGRAM GLOBAL INC / OGI FAQ
Can you provide the ChartMill technical rating for ORGANIGRAM GLOBAL INC?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for OGI stock?
ORGANIGRAM GLOBAL INC (OGI) has an RSI value of 53.1411. 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 0.0195081, indicating a bearish trend.