A quick look at Friday: after closing at $1.02 on Thursday, OrganiGram Holdings rallied as high as $1.06 but ended the day at $1.06.
Analysis of OrganiGram Holdings's recent price action suggests OrganiGram Holdings Inc. is 1 cents away from testing key resistance at $1.07. Peaking above this level could inspire market bulls and open the path to further gains. Technical analysis trend indicators suggest that investors are seeking long positions as OrganiGram Holdings price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action overcame a known Fibonacci resistance level at $1.05 by around 1.3124 cents with prices hammering out a $1 – $1.06 session range. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1.07, thereby suggesting that OrganiGram Holdings is becoming overvalued.
Notwithstanding OrganiGram Holdings's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
A look at other health care stocks also showed bullish price action as Novartis added 2.68% to its value, and traded at $85.7. UnitedHealth was up 2.85%. Anthem gained 2.71%, as it traded at $482.58.
Trading mostly sideways for 3 months. Having set a significant low of 86.6 cents 28 days ago, OrganiGram Holdings is trading 17.78% higher.