Trading Signals: OGI Stock Price Prediction and Forecast

^ OGI: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

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

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Hourly Trend Strength	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Apr_16_2021	3.23 (-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%	18	1	Growing Downtrend	Range(-5.7%)	1	-1.8	-0.3	Relative Oversold	2.57(2.86%)	2.31-2.79	9.62	-57.9%-53.4%
2	Apr_15_2021	3.3 (-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%	15	1	Growing Downtrend	Lower(-7.1%)	2	-2	-0.4	Bottom	2.58(4.02%)	2.42-2.69	9.65	-58.3%-52.1%
3	Apr_14_2021	3.38 (-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%	24	0.9	Growing Downtrend	Range(-1.9%)	3	-2	-0.5	Downtrend	2.58(-1.18%)	2.52-2.71	11.92	-56.1%-60.1%
4	Apr_13_2021	3.46 (-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%	26	0.9	Growing Downtrend	Range(-4.5%)	3	-1.7	-0.8	Relative Oversold	2.97(2.97%)	2.77-3.13	16.85	-51.6%-76.7%
5	Apr_12_2021	3.53 (-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%	20	0.9	Growing Downtrend	Range(-3.1%)	3	-1.9	-0.8	Downtrend	2.78(-0.86%)	2.72-2.9	16.75	-52.9%-77.2%

6	Apr_9_2021	3.62 (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%	21	0.9	Growing Downtrend	Range(-2.6%)	3	-1.5	-1.2	Correction	2.84(-7.22%)	2.8-3.01	7.8	-48.5%-93.7%
7	Apr_8_2021	3.62 (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%	28	0.8	Growing Downtrend	Range(-2.9%)	3	-1.2	-1.4	Downtrend	3.14(0.05%)	3.11-3.22	7.2	-47.2%-98.7%
8	Apr_7_2021	3.62 (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%	24	0.9	Growing Downtrend	Range(-2.3%)	3	-1.3	-1.7	Downtrend	3.16(0.05%)	3.13-3.25	6.8	-46.8%-100%
9	Apr_6_2021	3.66 (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%	27	0.9	Growing Downtrend	Range(0.6%)	3	-1	-1.9	Downtrend	3.29(-0.28%)	3.26-3.36	11.24	-44.5%-108.9%
10	Apr_5_2021	3.64 (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%	25	1	Downtrend Consolidation	Range(-0.3%)	3	-0.5	-2	Downtrend	3.45(-1.09%)	3.43-3.51	7.83	-41.3%-125.2%

11	Apr_1_2021	3.61 (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%	22	1.1	Growing Downtrend	Range(-0.1%)	2	-0.4	-2.3	Correction	3.07(-10.53%)	3-3.33	6.9	-42.3%-134.9%
12	Mar_31_2021	3.58 (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%	41	1.2	Downtrend Consolidation	Range(-0.8%)	1	-0.3	-1.8	Correction	3.14(-9.54%)	3.07-3.4	8.53	-41.6%-160.9%
13	Mar_30_2021	3.57 (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%	66	1.2	Growing Downtrend	Lower(-12.4%)	0	-0.4	-2.5	Correction	3.11(-8.45%)	3.05-3.35	7.12	-42.8%-155.6%
14	Mar_29_2021	3.56 (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%	60	1.2	Growing Downtrend	Lower(-13.3%)	1	-0.5	-2.3	Correction	3.11(-7.16%)	3.06-3.33	11.26	-43.7%-151.9%
15	Mar_26_2021	3.55 (0.6%)	3.84 (0.2%)	3.62 (-2.7%)	3.58	3.57(0%)	3.5(-4.64%)	3.39-3.5	0.2(-0.1)	-5.5	-1.6%	-1.5%	0%	-1.12%	0.38%	8.2%	66	1.2	Downtrend Reversal	Range(-0.8%)	2	-0.1	-2	Downtrend Reversal	3.34(-4.63%)	3.29-3.53	9.14	-41.1%-163.2%

16	Mar_25_2021	3.53 (0.6%)	3.93 (1.4%)	3.72 (-0.8%)	3.65	3.6(0%)	3.67(3.82%)	3.67-3.67	0.4(0.3)	3.9	-0.7%	-0.3%	0%	-1.66%	1.22%	11.5%	70	1.2	Downtrend Reversal	Range(-1%)	3	0.3	-2.2	Uptrend Consolidation	3.65(-0.64%)	3.61-3.74	10.51	-38.3%-175.9%
17	Mar_24_2021	3.5 (0.6%)	3.97 (2.2%)	3.75 (-3.1%)	3.73	3.59(0%)	3.53(-3.02%)	3.53-3.53	0.5(0.1)	2.9	-3%	1%	0%	-2.43%	1.74%	13.2%	66	1.3	Correction	Range(-0.5%)	4	0.1	-1.8	Uptrend	3.63(2.7%)	3.53-3.67	11.6	-40.6%-165.4%
18	Mar_23_2021	3.49 (0.8%)	3.92 (2.6%)	3.87 (-2.5%)	3.81	3.71(0%)	3.64(-3.58%)	3.64-3.64	0.7(0.3)	1.7	-3.6%	1%	0%	-2.61%	2.06%	12.1%	62	1.3	Correction	Range(-0.8%)	5	0.4	-2.2	Uptrend	3.75(3.07%)	3.61-3.81	12.49	-38.8%-173.7%
19	Mar_22_2021	3.47 (0.6%)	3.87 (3%)	3.97 (-2.9%)	3.93	3.87(0%)	3.78(-4.79%)	3.78-3.78	1(0.6)	0.4	-1.7%	1.7%	0%	-2.02%	2.3%	11.7%	61	1.3	Correction	Range(2.4%)	6	0.6	-1	Uptrend	3.89(2.85%)	3.72-3.96	10.73	-36.4%-184.2%
20	Mar_19_2021	3.44 (0.8%)	3.79 (3.4%)	4.09 (-2.4%)	4.01	3.91(0%)	3.97(2.85%)	3.97-3.97	1.2(1)	-0.2	-2.4%	2.4%	0%	-1.24%	2.68%	10.1%	65	1.3	Correction	Range(0%)	6	1.1	-0.1	Uptrend	4.11(3.57%)	3.86-4.22	11.02	-33.2%-198.5%

21	Mar_18_2021	3.41 (1%)	3.67 (4%)	4.19 (-0.5%)	4.13	3.99(0%)	3.86(-6.55%)	3.86-3.86	1.5(0.8)	-1.1	-2.8%	2.1%	0%	-1.22%	3.02%	7.5%	65	1.3	Correction	Range(2.6%)	6	0.9	-1.3	Uptrend	4.02(4.2%)	3.77-4.13	15.61	-35.1%-190.2%
22	Mar_17_2021	3.39 (0.2%)	3.57 (4%)	4.21 (6.3%)	4.28	4.12(0%)	4.13(0.49%)	4.13-4.13	1.7(1.4)	-1.2	-0.2%	2.4%	0%	-3.55%	2.9%	5.4%	67	1.3	Uptrend Correction	Range(2.2%)	6	1.4	-0.4	N/A	4.18(1.15%)	3.65-4.61	11.24	-30.5%-210.5%
23	Mar_16_2021	3.39 (-0.4%)	3.46 (3%)	3.96 (5.6%)	4.23	4.26(0%)	4.11(-7.13%)	4.11-4.11	1.5(1.4)	-1.1	1.1%	2%	0%	1.19%	1.96%	3%	61	1.3	Uptrend Dip	Higher(6.7%)	7	1.3	-0.4	Uptrend Reversal	4.32(5.05%)	4.14-4.43	20.34	-30.9%-209%
24	Mar_15_2021	3.36 (-0.4%)	3.37 (2.4%)	3.75 (9.3%)	3.92	4.44(0%)	4.42(-0.67%)	4.42-4.42	1.2(2.1)	-0.1	6.9%	3.3%	0%	8.17%	1.5%	0.3%	69	1.2	Growing Uptrend	Higher(10.5%)	7	2.1	0.6	Relative Overbought	4.27(-3.42%)	3.72-4.72	40.14	-25.7%-232.3%
25	Mar_12_2021	3.31 (-0.6%)	3.23 (1%)	3.43 (11.4%)	3.59	4.2(0%)	4.45(12.66%)	4.45-4.45	0.6(2.5)	0.7	14.9%	3.8%	0%	11.26%	0.58%	-2.6%	64	1.1	Breakout	Higher(18.7%)	6	2.5	0.1	Uptrend Reversal	4.65(4.45%)	4.48-4.76	59.92	-25.1%-245%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low