Grinding lower but with no clear-cut direction, the medical cannabis provider closed the session at 63.1 cents after forming a distinct 63.1 cents – 65.75 cents range.

United States JOLTs Job Openings (Feb) is next today at 14:00 UTC.
Yesterday's down move comes on the back of an 11 day uptrend, during which OrganiGram Holdings added 4.22 cents to its value.

Earlier data releases related to OrganiGram Holdings – United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7. United States ISM Manufacturing Employment (Mar) came out at 46.9, while a consensus of analysts was expecting 50.

Here is the technical analysis of OrganiGram Holdings before macro data is released:

OrganiGram Holdings Inc. could begin to recover as it approaches significant support, now 1 cents away from 62.2167 cents. Dipping below could be an indication that further losses are ahead. OrganiGram Holdings's lower Bollinger Band® is at 59.717 cents, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Despite this, a Bearish Harami chart pattern, which is a means of predicting reversals in bull markets. When a Bearish Harami is detected at the top of a prevailing uptrend, it is typically considered a bearish signal and a prelude to a potential trend reversal.

Despite suffering losses in today's session, technical analysis is indicating that OrganiGram Holdings will undergo a significant bounce in the immediate term.

Coming up for OrganiGram Holdings — United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC. United States ADP Nonfarm Employment Change (Mar) will be released tomorrow at 12:15 UTC.

As the markets get ready for more data to be released — UnitedHealth traded at $494.19 after closing yesterday's trading day at $472.59 (up 4.57%). Merck was up 2.33%. Eli Lilly and Company was up 2.13%.

Trending downwards for around 2 months. The medicinal cannabis specialist reached a significant high of $1.81 around 11 months ago but has lost 64.64% since then.