Technical Analysis for LABS - Medipharm Labs Corp.

Grade Last Price % Change Price Change
A 0.080 6.67% 0.005
LABS closed up 6.67 percent on Wednesday, April 24, 2024, on 1.76 times normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Bullish Engulfing Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Strong but Oversold Other 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Boomer Buy Setup Bullish Swing Setup 6.67%
Gapped Up Strength 6.67%
Oversold Stochastic Weakness 6.67%

   Recent Intraday Alerts

Alert Time
Boomer Buy Entry about 15 hours ago
Rose Above Previous Day's High about 15 hours ago
Up 1 ATR about 15 hours ago
20 DMA Resistance about 15 hours ago
Possible Pocket Pivot about 20 hours ago

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Profile

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 Pharmaceutical Cannabis Drug Labor Entheogens Extraction Euphoriants Packaging Medicinal Plants Cannabis Products Herbalism Health Sciences Medical Cannabis Business To Business Cannabis In Canada Oil Production Rooms Cannabis Industry Cannabis Oil Licensed Producer Pharmaceuticals Policy Raw Materials Cannabis Cultivation Downstream Grit Legality Of Cannabis Licensed Producers Access To Cannabis For Medical Purposes Regulations Derivative 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 0.055
Average Volume 250,796
200-Day Moving Average 0.072
50-Day Moving Average 0.075
20-Day Moving Average 0.082
10-Day Moving Average 0.079
Average True Range 0.007
RSI (14) 52.38
ADX 32.24
+DI 16.850
-DI 9.031
Chandelier Exit (Long, 3 ATRs) 0.080
Chandelier Exit (Short, 3 ATRs) 0.095
Upper Bollinger Bands 0.089
Lower Bollinger Band 0.074
Percent B (%b) 0.4
BandWidth 19.141
MACD Line 0.001
MACD Signal Line 0.002
MACD Histogram -0.0011
Fundamentals Value
Market Cap 11.17 Million
Num Shares 140 Million
EPS 0.01
Price-to-Earnings (P/E) Ratio 8.00
Price-to-Sales 1.38
Price-to-Book 0.78
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.095
Resistance 3 (R3) 0.095 0.090 0.093
Resistance 2 (R2) 0.090 0.086 0.090 0.092
Resistance 1 (R1) 0.085 0.084 0.088 0.085 0.091
Pivot Point 0.080 0.080 0.081 0.080 0.080
Support 1 (S1) 0.075 0.076 0.078 0.075 0.069
Support 2 (S2) 0.070 0.074 0.070 0.068
Support 3 (S3) 0.065 0.070 0.068
Support 4 (S4) 0.065