Technical Analysis for MDCN - Medican Enterprises Inc

Grade Last Price % Change Price Change
D 0.0004 0.00% 0.0000
MDCN closed unchanged on Wednesday, October 20, 2021, on 44 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Flat
Historical MDCN trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Doji - Bullish? Reversal 0.00%
Older End-of-Day Signals for MDCN ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
50 DMA Resistance about 16 hours ago
20 DMA Resistance about 16 hours ago
10 DMA Resistance about 16 hours ago
Fell Below 20 DMA about 16 hours ago
Fell Below 10 DMA about 16 hours ago
View Earlier Intraday Alerts

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Profile

Medican Enterprises Inc Description

Medican Enterprises, Inc. is a bio-pharmaceutical company. The Company is engaged in wholesale medical marijuana production, cultivation, and wholesale distribution of cannabis related products. Through joint ventures with development partners all over Canada and the United States, the Company builds and operates medical marijuana cultivation and research centers. The Company focuses on cultivating approximately five strains of cannabis, including High tetrahydrocannabinol (THC)/Low Cannabidiol (CBD), Medium THC/Low CBD, Medium THC/Medium CBD and Low TCH/High CBD. The Company provides strategic planning, valuation, project debt and corporate finance solutions to its joint venture partners in order to capitalize on the growing medical marijuana market and fund multiple facilities. The Company's subsidiary, Medican Systems Inc., is a licensed producer of medical marijuana under the new program marijuana for medical purposes regulation.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Cannabis Corporate Finance Entheogens Euphoriants Medicinal Plants Drugs Psychoactive Drugs Cannabidiol Cannabinoids Effects Of Cannabis Tetrahydrocannabinol Appetite Stimulants Cannabinol Cannabis Related Products Finance Solutions Bio Pharmaceutical E Finance Solutions Licensed Producer Cannabis Strains

Is MDCN 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 0.004
52 Week Low 0.0001
Average Volume 324,519,554
200-Day Moving Average 0.0007
50-Day Moving Average 0.0004
20-Day Moving Average 0.0004
10-Day Moving Average 0.0004
Average True Range 0.0006
ADX 1.14
+DI 33.3333
-DI 33.3333
Chandelier Exit (Long, 3 ATRs) -0.0013
Chandelier Exit (Short, 3 ATRs) 0.0020
Upper Bollinger Bands 0.0005
Lower Bollinger Band 0.0003
Percent B (%b) 0.5
BandWidth 50.0000
MACD Line -0.0003
MACD Signal Line -0.0001
MACD Histogram -0.0002
Fundamentals Value
Market Cap 53.92 Thousand
Num Shares 135 Million
EPS -17.92
Price-to-Earnings (P/E) Ratio 0.00
Price-to-Sales 2.72
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.0006
Resistance 3 (R3) 0.0005 0.0005 0.0005
Resistance 2 (R2) 0.0005 0.0004 0.0005 0.0005
Resistance 1 (R1) 0.0004 0.0004 0.0005 0.0005 0.0005
Pivot Point 0.0004 0.0004 0.0004 0.0004 0.0004
Support 1 (S1) 0.0003 0.0003 0.0004 0.0004 0.0003
Support 2 (S2) 0.0003 0.0003 0.0003 0.0003
Support 3 (S3) 0.0002 0.0003 0.0003
Support 4 (S4) 0.0003