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     Fri. Apr. 16, 2021

Trading Signals: OGI Stock Price Prediction and Forecast (Tue. May. 21, 2019 - Fri. Apr. 16, 2021)

(OrganiGram Holdings Inc.)

OGI latest price $2.5000 (1.01%) ($2.5000 - $2.5000) on Fri. Apr. 16, 2021.


Trend Analysis and Forecast
 
Trend Pattern  Growing Downtrend
Trend Narrative  Relative Oversold
Average Daily Price Swing  $0.41 (12.69% one month average)
Average Daily Percentage Swing  12.16% (three month average)
Weekly Trend Force  -2.9% (StdDev 12.16%)
Daily Moving Force  -2.8%
Rebound Strength  None(0%)
Hourly Trend Strength  -3.47%
Trend   -2.32%
Trend Strength  -9.6%
Trend Clarity  -0.23(-2.9/0.41/3.23)
RSI   18
Momentum  1
Latest Price  $2.5000(1.01%)
Forecasted Low Price  2.28(-8.7%)
Forecasted High Price  2.58(3%)
Direction of Next Movement  Lower(-9.3%)
% Change Needed to Confirm Rebound  10.8% ((2.77))
% Change Needed for Trend Reversal  22.9%
Hourly Trend   -2% [$2.49(-0.05), $2.61(-0.08)]
Stocks Behave Similarly  Similar Stock List
Complacency  1
Intraday Reversal Probability  There's a high probability the price will reverse sharply to downside intraday or next day..
Daily Trend  OGI declines -4% a day on average for past five trading days.
Weekly Trend  OGI declines -12.1% a week on average for past two weeks.
Market Behavior  Value stock rally for large cap. Normal for small cap.
Correlated ETFs  Broad market will support OGI decline at-0.8% a week (74% probability)
  MJ(79%)    ICLN(77%)    TAN(72%)    VGK(71%)    ACES(68%)  
Factors Impacting OGI price  OGI will decline at least -2.8% in a week (55% probabilities).
  OIH(-60%)    VIXM(-57%)    USO(-54%)    SDY(-52%)    IFRA(-52%)  
Explanation   The decline is sustainable and supported by the broad market.
Trading Plan  There're alternative trades for faster decline
 
Valuation to SPY   -1.8
 
Relative Volatility   -0.9
 
Market Trend Strength  -6.5% (StdDev 12.16%)
Hourly BBV   4.1 ()
Intraday Trend   0%
  
 

  


Next Day Open Price  $2.54(1.6%)
1 - 5 Day Possible Target  $2.13(-14.8%)
Inflection Point  Yes
Resistance Level  $3.23
5 Day Moving Average  $2.65(-5.66%)
10 Day Moving Average  $2.92(-14.38%)
20 Day Moving Average  $3.23(-22.6%)
To recent high  -57.9%
To recent low  53.4%
Market Cap  $578m
 
Option Sentiment  
 
 
Earning Release Date  Tue. Apr. 13, 2021
Analyst One Year Target Price  $ ($ - $)
   analysts (last updated on Wed. Dec. 31, 1969)
% to Average Target Price  -100%
% to Low Target Price  -100%
% to High Target Price  -100%
 
 



$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. OGI price fluctuates within 12.69% (three month std-dev: 12.16%    one year average std_dev: 0%) daily (68% of days).
$. OGI price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   Hourly Chart   15 Minute Chart

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
Hourly
Trend
Strength
TrendTrend
Strength
RSIMomentumTrend
Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Apr_16_20213.23 (-2.2%)2.92 (-2.4%)2.65 (-4%) 2.61 2.49(0%)2.5(1.01%)2.5-2.5-1.9(-1.8)4.1 -2.8%-2.9%0%-3.47%-2.32%-9.6%181 Growing Downtrend  Range(-5.7%)1-1.8-0.3Relative Oversold 2.57(2.86%)2.31-2.799.62   -57.9%-53.4% 
2Apr_15_20213.3 (-2%)3.01 (-2.2%)2.76 (-4.8%) 2.69 2.54(0%)2.48(-4.99%)2.48-2.48-1.9(-2.1)-6.7 -6.5%-3.1%0%-3.37%-2.12%-8.7%151 Growing Downtrend  Lower(-7.1%)2-2-0.4Bottom 2.58(4.02%)2.42-2.699.65   -58.3%-52.1% 
3Apr_14_20213.38 (-1.6%)3.11 (-1.8%)2.9 (-3.7%) 2.83 2.74(0%)2.61(-9.39%)2.61-2.61-1.7(-2)2.2 -4.1%-2.5%0%-2.16%-1.7%-7.9%240.9 Growing Downtrend  Range(-1.9%)3-2-0.5Downtrend 2.58(-1.18%)2.52-2.7111.92   -56.1%-60.1% 
4Apr_13_20213.46 (-1%)3.2 (-1.6%)3.01 (-2.6%) 2.97 2.84(0%)2.88(2.68%)2.88-2.88-1.6(-1.6)0.3 -2.8%-1.7%0%-4.44%-1.44%-7.6%260.9 Growing Downtrend  Range(-4.5%)3-1.7-0.8Relative Oversold 2.97(2.97%)2.77-3.1316.85   -51.6%-76.7% 
5Apr_12_20213.53 (-0.6%)3.25 (-1.6%)3.09 (-4.3%) 3.04 2.93(0%)2.8(-8.35%)2.8-2.8-1.4(-1.9)-0.2 -5%-2.3%0%-3.95%-1.26%-8.1%200.9 Growing Downtrend  Range(-3.1%)3-1.9-0.8Downtrend 2.78(-0.86%)2.72-2.916.75   -52.9%-77.2% 
 
6Apr_9_20213.62 (0%)3.32 (-1.4%)3.23 (-2.1%) 3.16 3.1(0%)3.06(-2.71%)3.06-3.06-1.1(-1.4)-1.7 -2.3%-1.7%0%-0.63%-0.94%-8.2%210.9 Growing Downtrend  Range(-2.6%)3-1.5-1.2Correction 2.84(-7.22%)2.8-3.017.8   -48.5%-93.7% 
7Apr_8_20213.62 (0.4%)3.38 (-1.2%)3.3 (-2.1%) 3.27 3.15(0%)3.14(-0.48%)3.14-3.14-0.9(-1.4)-2.5 -2.3%-0.8%0%-2.46%-0.74%-7.7%280.8 Growing Downtrend  Range(-2.9%)3-1.2-1.4Downtrend 3.14(0.05%)3.11-3.227.2   -47.2%-98.7% 
8Apr_7_20213.62 (0.6%)3.42 (-1.4%)3.37 (-1.2%) 3.34 3.23(0%)3.16(-4.25%)3.16-3.16-0.7(-1.3)-3.2 -3.4%-1%0%-2.41%-0.78%-6.5%240.9 Growing Downtrend  Range(-2.3%)3-1.3-1.7Downtrend 3.16(0.05%)3.13-3.256.8   -46.8%-100% 
9Apr_6_20213.66 (0.6%)3.47 (-1.4%)3.41 (-0.3%) 3.42 3.39(0%)3.3(-5.45%)3.3-3.3-0.5(-0.9)-4.1 -1.3%-0.8%0%-1.17%-0.82%-5.2%270.9 Growing Downtrend  Range(0.6%)3-1-1.9Downtrend 3.29(-0.28%)3.26-3.3611.24   -44.5%-108.9% 
10Apr_5_20213.64 (0.6%)3.52 (-1.6%)3.42 (-0.3%) 3.44 3.46(0%)3.49(1.6%)3.49-3.49-0.3(-0.3)0 0.3%-0.6%0%-0.58%-1.02%-3.4%251 Downtrend Consolidation  Range(-0.3%)3-0.5-2Downtrend 3.45(-1.09%)3.43-3.517.83   -41.3%-125.2% 
 
11Apr_1_20213.61 (0.4%)3.56 (-2%)3.43 (-1.2%) 3.41 3.45(0%)3.43(-1.01%)3.43-3.43-0.3(-0.4)-4.3 %-0.6%0%1.17%-1.2%-1.3%221.1 Growing Downtrend  Range(-0.1%)2-0.4-2.3Correction 3.07(-10.53%)3-3.336.9   -42.3%-134.9% 
12Mar_31_20213.58 (0.4%)3.6 (-1.8%)3.47 (-0.6%) 3.42 3.43(0%)3.47(2.06%)3.47-3.47-0.2(-0.2)-4.3 0.3%-1.1%0%0.58%-1.16%0.5%411.2 Downtrend Consolidation  Range(-0.8%)1-0.3-1.8Correction 3.14(-9.54%)3.07-3.48.53   -41.6%-160.9% 
13Mar_30_20213.57 (0.4%)3.66 (-1.2%)3.49 (-1.4%) 3.47 3.37(0%)3.4(1.49%)3.4-3.4-0.1(-0.3)-4.4 -1.1%-1.3%-10%-2.03%-0.78%2.8%661.2 Growing Downtrend  Lower(-12.4%)0-0.4-2.5Correction 3.11(-8.45%)3.05-3.357.12   -42.8%-155.6% 
14Mar_29_20213.56 (0.6%)3.74 (-0.8%)3.54 (-2.2%) 3.5 3.41(0%)3.35(-4.29%)3.35-3.35-0(-0.4)-4.9 -3.5%-1.9%-10%-1.43%-0.34%5%601.2 Growing Downtrend  Lower(-13.3%)1-0.5-2.3Correction 3.11(-7.16%)3.06-3.3311.26   -43.7%-151.9% 
15Mar_26_20213.55 (0.6%)3.84 (0.2%)3.62 (-2.7%) 3.58 3.57(0%)3.5(-4.64%)3.39-3.50.2(-0.1)-5.5 -1.6%-1.5%0%-1.12%0.38%8.2%661.2 Downtrend Reversal  Range(-0.8%)2-0.1-2Downtrend Reversal 3.34(-4.63%)3.29-3.539.14   -41.1%-163.2% 
 
16Mar_25_20213.53 (0.6%)3.93 (1.4%)3.72 (-0.8%) 3.65 3.6(0%)3.67(3.82%)3.67-3.670.4(0.3)3.9 -0.7%-0.3%0%-1.66%1.22%11.5%701.2 Downtrend Reversal  Range(-1%)30.3-2.2Uptrend Consolidation 3.65(-0.64%)3.61-3.7410.51   -38.3%-175.9% 
17Mar_24_20213.5 (0.6%)3.97 (2.2%)3.75 (-3.1%) 3.73 3.59(0%)3.53(-3.02%)3.53-3.530.5(0.1)2.9 -3%1%0%-2.43%1.74%13.2%661.3 Correction  Range(-0.5%)40.1-1.8Uptrend 3.63(2.7%)3.53-3.6711.6   -40.6%-165.4% 
18Mar_23_20213.49 (0.8%)3.92 (2.6%)3.87 (-2.5%) 3.81 3.71(0%)3.64(-3.58%)3.64-3.640.7(0.3)1.7 -3.6%1%0%-2.61%2.06%12.1%621.3 Correction  Range(-0.8%)50.4-2.2Uptrend 3.75(3.07%)3.61-3.8112.49   -38.8%-173.7% 
19Mar_22_20213.47 (0.6%)3.87 (3%)3.97 (-2.9%) 3.93 3.87(0%)3.78(-4.79%)3.78-3.781(0.6)0.4 -1.7%1.7%0%-2.02%2.3%11.7%611.3 Correction  Range(2.4%)60.6-1Uptrend 3.89(2.85%)3.72-3.9610.73   -36.4%-184.2% 
20Mar_19_20213.44 (0.8%)3.79 (3.4%)4.09 (-2.4%) 4.01 3.91(0%)3.97(2.85%)3.97-3.971.2(1)-0.2 -2.4%2.4%0%-1.24%2.68%10.1%651.3 Correction  Range(0%)61.1-0.1Uptrend 4.11(3.57%)3.86-4.2211.02   -33.2%-198.5% 
 
21Mar_18_20213.41 (1%)3.67 (4%)4.19 (-0.5%) 4.13 3.99(0%)3.86(-6.55%)3.86-3.861.5(0.8)-1.1 -2.8%2.1%0%-1.22%3.02%7.5%651.3 Correction  Range(2.6%)60.9-1.3Uptrend 4.02(4.2%)3.77-4.1315.61   -35.1%-190.2% 
22Mar_17_20213.39 (0.2%)3.57 (4%)4.21 (6.3%) 4.28 4.12(0%)4.13(0.49%)4.13-4.131.7(1.4)-1.2 -0.2%2.4%0%-3.55%2.9%5.4%671.3 Uptrend Correction Range(2.2%)61.4-0.4N/A 4.18(1.15%)3.65-4.6111.24   -30.5%-210.5% 
23Mar_16_20213.39 (-0.4%)3.46 (3%)3.96 (5.6%) 4.23 4.26(0%)4.11(-7.13%)4.11-4.111.5(1.4)-1.1 1.1%2%0%1.19%1.96%3%611.3 Uptrend Dip  Higher(6.7%)71.3-0.4Uptrend Reversal 4.32(5.05%)4.14-4.4320.34   -30.9%-209% 
24Mar_15_20213.36 (-0.4%)3.37 (2.4%)3.75 (9.3%) 3.92 4.44(0%)4.42(-0.67%)4.42-4.421.2(2.1)-0.1 6.9%3.3%0%8.17%1.5%0.3%691.2 Growing Uptrend  Higher(10.5%)72.10.6Relative Overbought 4.27(-3.42%)3.72-4.7240.14   -25.7%-232.3% 
25Mar_12_20213.31 (-0.6%)3.23 (1%)3.43 (11.4%) 3.59 4.2(0%)4.45(12.66%)4.45-4.450.6(2.5)0.7 14.9%3.8%0%11.26%0.58%-2.6%641.1 Breakout  Higher(18.7%)62.50.1Uptrend Reversal 4.65(4.45%)4.48-4.7659.92   -25.1%-245% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Strength
RSIMomentumTrend
Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
 
 
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