Technical Analysis for LABS - Medipharm Labs Corp.

Grade Last Price % Change Price Change
C 0.070 0.00% 0.000
LABS closed unchanged on Friday, November 1, 2024, on 26 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: Nov 14
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
200 DMA Resistance Bearish 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 0.00%
200 DMA Resistance Bearish 0.00%
Stochastic Reached Oversold Weakness 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 20 DMA Bearish 0.00%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 19 hours ago
200 DMA Support about 20 hours ago
20 DMA Support about 20 hours ago
Gap Up Closed about 22 hours ago
Reversed from Up about 22 hours ago

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Medipharm Labs Corp. Description

MediPharm Labs, through its subsidiary, is a pioneer in the cannabis industry and has the distinction of being the first company in Canada to become a licensed producer for cannabis oil production under the Access to Cannabis for Medical Purposes Regulations (ACMPR) without first receiving a cannabis cultivation licence. This expert focus on cannabis concentrates from our cGMP (current Good Manufacturing Practices) and ISO standard clean rooms and critical environments laboratory, allows MediPharm Labs to work with its established, Health Canada-approved cultivation partners to produce pharmaceutical-grade cannabis oil with a competitive advantage. MediPharm Labs is research-driven and focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification. MediPharm Labs, through its subsidiary, provides B2B contract processing of cannabis to Canadian authorized licensed producers and appropriate international growers, supplying integrity-assured cannabis oil to qualified companies for sale under their own brand. In addition, MediPharm Labs will supply raw materials, formulations, processing and packaging for the creation of ready-to-sell advanced derivative products. Through its subsidiary, MediPharm Labs Australia Pty. Ltd., MediPharm Labs has also completed its application process with the federal Office of Drug Control to extract and import medical cannabis products in Australia.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Oil Health Manufacturing Materials Dow Derivative Medicine Pharma Cannabis Pharmaceutical Labor Drug Entheogens Euphoriants Extraction Packaging Cannabis Products Medicinal Plants Business To Business Health Sciences Herbalism Medical Cannabis Oil Production Cannabis In Canada Rooms Pharmaceuticals Policy Cannabis Industry Cannabis Oil Downstream Licensed Producer Raw Materials Cannabis Cultivation Derivative Products Grit Legality Of Cannabis Licensed Producers Access To Cannabis For Medical Purposes Regulations Medical Cannabis Products

Is LABS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.1
52 Week Low 0.06
Average Volume 151,625
200-Day Moving Average 0.073
50-Day Moving Average 0.069
20-Day Moving Average 0.073
10-Day Moving Average 0.075
Average True Range 0.006
RSI (14) 48.19
ADX 26.62
+DI 6.061
-DI 7.576
Chandelier Exit (Long, 3 ATRs) 0.063
Chandelier Exit (Short, 3 ATRs) 0.082
Upper Bollinger Bands 0.080
Lower Bollinger Band 0.067
Percent B (%b) 0.25
BandWidth 17.735
MACD Line 0.001
MACD Signal Line 0.002
MACD Histogram -0.0008
Fundamentals Value
Market Cap 9.77 Million
Num Shares 140 Million
EPS 0.01
Price-to-Earnings (P/E) Ratio 7.00
Price-to-Sales 1.38
Price-to-Book 0.78
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.078
Resistance 3 (R3) 0.078 0.077 0.076
Resistance 2 (R2) 0.077 0.075 0.076 0.076
Resistance 1 (R1) 0.073 0.074 0.073 0.073 0.075
Pivot Point 0.072 0.072 0.071 0.071 0.072
Support 1 (S1) 0.068 0.070 0.068 0.068 0.065
Support 2 (S2) 0.067 0.069 0.066 0.064
Support 3 (S3) 0.063 0.067 0.064
Support 4 (S4) 0.063