Technical Analysis for SGMD - Salona Global Medical Device Corp

Grade Last Price % Change Price Change
C 0.93 4.49% 0.040
SGMD closed up 4.49 percent on Monday, October 25, 2021, on 1.56 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up
Historical SGMD trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Fell Below 20 DMA Bearish 4.49%
Fell Below 50 DMA Bearish 4.49%
Narrow Range Bar Range Contraction 4.49%
Gapped Down Weakness 4.49%
Narrow Range Bar Range Contraction 1.09%
NR7 Range Contraction 1.09%
Older End-of-Day Signals for SGMD ...

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Profile

Salona Global Medical Device Corporation provides lending and credit to the healthcare industry in the United States. It intends to engage in the development, production, and supply of medical device products. The company was formerly known as Brattle Street Investment Corp. and changed its name to Salona Global Medical Device Corporation in December 2020. Salona Global Medical Device Corporation is based in Del Mar, California.
Classification

Sector: Financial Services
Industry: Credit Services
Keywords: Healthcare Industry

Is SGMD a Buy, Sell or Hold?

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

Recent News

Date Title
Oct 14 Salona Global Medical Device Corporation Provides a Summary of Financial Results for the Quarter Ending August 31, 2021 (2nd Fiscal Quarter); Highlights Revenue and Sales Order Growth and Progress for the First Full Quarter as a Listed Company
Sep 30 Salona Global Medical Device Corp. Announces Acquisition of Simbex, a Multi-Product, IP-Driven Medical Device Company with $8,000,000 in Annual Revenues; Increases Estimated Annualized Run Rate Revenues to Over $24,000,000
Aug 23 Salona Global Medical Device Corporation Announces Plans to Launch Intellectual Property Acquisition Unit; Complete Transaction with a Multi-Product, IP-Driven Medical Device Company with $8,000,000 in 2020 Revenues
Jul 20 Salona Global Medical Device Corporation Announces Plans to Acquire $11,000,000 Annual Revenue Ergonomics and Physical Therapy Clinic Equipment Business
Jul 8 Salona Global Medical Device Corp. Secures First European Sales Contract Generating Organic Growth for the SDP Acquisition; Launches Full Sales and Marketing Division Focused on the Broader European Market in Advance of Potential Acquisitions
Jun 15 Salona Global Medical Device Corporation Announces $6.4 million Order Book for Recently Acquired SDP Business Unit
Jun 11 Salona Global Medical Device (CVE:SGMD) Is In A Good Position To Deliver On Growth Plans
Jun 9 Salona Global Medical Device Corporation Begins Trading Today
Jun 8 IIROC Trading Resumption - SGMD
Jun 8 Salona Global Medical Device Corporation Receives Final Approval for Commencement of Trading, COB
See more SGMD news...

Indicators

Indicator Value
52 Week High 1.49
52 Week Low 0.76
Average Volume 48,250
200-Day Moving Average 0.000
50-Day Moving Average 0.910
20-Day Moving Average 0.906
10-Day Moving Average 0.903
Average True Range 0.052
ADX 23.22
+DI 22.464
-DI 29.447
Chandelier Exit (Long, 3 ATRs) 0.844
Chandelier Exit (Short, 3 ATRs) 0.956
Upper Bollinger Bands 0.961
Lower Bollinger Band 0.851
Percent B (%b) 0.72
BandWidth 12.208
MACD Line -0.003
MACD Signal Line -0.006
MACD Histogram 0.0032
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.990
Resistance 3 (R3) 0.983 0.957 0.980
Resistance 2 (R2) 0.957 0.941 0.960 0.977
Resistance 1 (R1) 0.943 0.932 0.950 0.950 0.973
Pivot Point 0.917 0.917 0.920 0.920 0.917
Support 1 (S1) 0.903 0.901 0.910 0.910 0.887
Support 2 (S2) 0.877 0.892 0.880 0.883
Support 3 (S3) 0.863 0.877 0.880
Support 4 (S4) 0.870