Technical Analysis for DB - Decibel Cannabis Company Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 0.065 | 0.00% | 0.000 |
DB closed unchanged on Friday, November 22, 2024, on 1.62 times normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Support | Bullish | 0.00% | |
| Hammer Candlestick | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| 20 DMA Resistance | Bearish | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| 50 DMA Support | Bullish | 0.00% | |
| Wide Bands | Range Expansion | 0.00% |
| Alert | Time |
|---|---|
| 2x Volume Pace | 1 day ago |
| 1.5x Volume Pace | 1 day ago |
| Fell Below 50 DMA | 1 day ago |
| 50 DMA Support | 1 day ago |
| Fell Below Previous Day's Low | 1 day ago |
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Basic chart:
- Earnings date: 2024-11-14
Decibel Cannabis Company Inc. engages the cultivation, processing, production, and retail sale of cannabis products in Canada. It offers cannabis flower under the Qwest and Qwest Reserve brands; and cannabis pre-rolls under the Blendcraft by Qwest brand. The company is also involved in the extraction, processing, and manufacturing of various cannabis derivative products. It also sells bulk amounts of cannabis biomass to licensed producers in Canada. Decibel Cannabis Company Inc. is headquartered in Calgary, Canada.
Keywords: Retail Manufacturing Derivative Cannabis Entheogens Flow Euphoriants Extraction Cannabis Products Cannabis Smoking Biomass Cannabis In Canada Licensed Producer Derivative Products Licensed Producers Retail Sale Tilray
Classification
Keywords: Retail Manufacturing Derivative Cannabis Entheogens Flow Euphoriants Extraction Cannabis Products Cannabis Smoking Biomass Cannabis In Canada Licensed Producer Derivative Products Licensed Producers Retail Sale Tilray
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 0.155 |
| 52 Week Low | 0.035 |
| Average Volume | 279,879 |
| 200-Day Moving Average | 0.084 |
| 50-Day Moving Average | 0.062 |
| 20-Day Moving Average | 0.070 |
| 10-Day Moving Average | 0.070 |
| Average True Range | 0.006 |
| RSI (14) | 51.46 |
| ADX | 12.86 |
| +DI | 21.900 |
| -DI | 33.372 |
| Chandelier Exit (Long, 3 ATRs) | 0.066 |
| Chandelier Exit (Short, 3 ATRs) | 0.059 |
| Upper Bollinger Bands | 0.086 |
| Lower Bollinger Band | 0.055 |
| Percent B (%b) | 0.34 |
| BandWidth | 44.286 |
| MACD Line | 0.002 |
| MACD Signal Line | 0.003 |
| MACD Histogram | -0.0013 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 0.073 | ||||
| Resistance 3 (R3) | 0.072 | 0.068 | 0.071 | ||
| Resistance 2 (R2) | 0.068 | 0.066 | 0.069 | 0.071 | |
| Resistance 1 (R1) | 0.067 | 0.065 | 0.068 | 0.068 | 0.070 |
| Pivot Point | 0.063 | 0.063 | 0.064 | 0.064 | 0.063 |
| Support 1 (S1) | 0.062 | 0.061 | 0.063 | 0.063 | 0.060 |
| Support 2 (S2) | 0.058 | 0.060 | 0.059 | 0.059 | |
| Support 3 (S3) | 0.057 | 0.058 | 0.059 | ||
| Support 4 (S4) | 0.058 |
