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Decibel Cannabis Company Inc
Buy, Hold or Sell?

Let's analyse Decibel Cannabis Company Inc together

PenkeI guess you are interested in Decibel Cannabis Company Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Decibel Cannabis Company Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Decibel Cannabis Company Inc (30 sec.)










What can you expect buying and holding a share of Decibel Cannabis Company Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$0.12
Expected worth in 1 year
$0.11
How sure are you?
42.1%

+ What do you gain per year?

Total Gains per Share
$-0.01
Return On Investment
-8.0%

For what price can you sell your share?

Current Price per Share
$0.09
Expected price per share
$0.0715 - $0.111
How sure are you?
50%

1. Valuation of Decibel Cannabis Company Inc (5 min.)




Live pricePrice per Share (EOD)

$0.09

Intrinsic Value Per Share

$0.26 - $0.31

Total Value Per Share

$0.37 - $0.43

2. Growth of Decibel Cannabis Company Inc (5 min.)




Is Decibel Cannabis Company Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$47.2m$48.4m-$1.4m-3.1%

How much money is Decibel Cannabis Company Inc making?

Current yearPrevious yearGrowGrow %
Making money-$685.8k-$121.6k-$564.1k-82.3%
Net Profit Margin-3.6%-1.2%--

How much money comes from the company's main activities?

3. Financial Health of Decibel Cannabis Company Inc (5 min.)




What can you expect buying and holding a share of Decibel Cannabis Company Inc? (5 min.)

Welcome investor! Decibel Cannabis Company Inc's management wants to use your money to grow the business. In return you get a share of Decibel Cannabis Company Inc.

What can you expect buying and holding a share of Decibel Cannabis Company Inc?

First you should know what it really means to hold a share of Decibel Cannabis Company Inc. And how you can make/lose money.

Speculation

The Price per Share of Decibel Cannabis Company Inc is $0.0914. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Decibel Cannabis Company Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Decibel Cannabis Company Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $0.12. Based on the TTM, the Book Value Change Per Share is $0.00 per quarter. Based on the YOY, the Book Value Change Per Share is $0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Decibel Cannabis Company Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.000.8%0.00-1.8%0.00-0.3%0.00-2.1%0.00-2.1%
Usd Book Value Change Per Share0.001.3%0.00-2.0%0.000.7%0.016.6%0.016.6%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.001.3%0.00-2.0%0.000.7%0.016.6%0.016.6%
Usd Price Per Share0.13-0.10-0.08-0.08-0.08-
Price to Earnings Ratio42.71--4.28-4.52--4.77--4.77-
Price-to-Total Gains Ratio106.67--77.78-0.80-50.20-50.20-
Price to Book Ratio1.10-0.87-0.70-0.77-0.77-
Price-to-Total Gains Ratio106.67--77.78-0.80-50.20-50.20-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0914
Number of shares10940
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.01
Usd Total Gains Per Share0.000.01
Gains per Quarter (10940 shares)-19.8866.45
Gains per Year (10940 shares)-79.51265.81
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-80-900266256
20-159-1700532522
30-239-2500797788
40-318-330010631054
50-398-410013291320
60-477-490015951586
70-557-570018611852
80-636-650021262118
90-716-730023922384
100-795-810026582650

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%4.08.00.033.3%4.015.00.021.1%4.015.00.021.1%4.015.00.021.1%
Book Value Change Per Share1.03.00.025.0%6.06.00.050.0%8.011.00.042.1%8.011.00.042.1%8.011.00.042.1%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.019.00.0%0.00.019.00.0%0.00.019.00.0%
Total Gains per Share1.03.00.025.0%6.06.00.050.0%8.011.00.042.1%8.011.00.042.1%8.011.00.042.1%

Fundamentals of Decibel Cannabis Company Inc

About Decibel Cannabis Company Inc

Decibel Cannabis Company Inc., an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta. It offers its products under the Qwest, Prairie Records, Blendcraft, and General Admission brands. The company is headquartered in Calgary, Canada.

Fundamental data was last updated by Penke on 2024-03-08 21:17:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Decibel Cannabis Company Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Decibel Cannabis Company Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of 1.4% means that $0.01 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Decibel Cannabis Company Inc:

  • The MRQ is 1.4%. The company is making a profit. +1
  • The TTM is -3.6%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ1.4%TTM-3.6%+4.9%
TTM-3.6%YOY-1.2%-2.4%
TTM-3.6%5Y-664.3%+660.7%
5Y-664.3%10Y-664.3%0.0%
1.1.2. Return on Assets

Shows how efficient Decibel Cannabis Company Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • 0.2% Return on Assets means that Decibel Cannabis Company Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Decibel Cannabis Company Inc:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.2%TTM-0.5%+0.7%
TTM-0.5%YOY-0.2%-0.3%
TTM-0.5%5Y-0.6%+0.1%
5Y-0.6%10Y-0.6%0.0%
1.1.3. Return on Equity

Shows how efficient Decibel Cannabis Company Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • 0.6% Return on Equity means Decibel Cannabis Company Inc generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Decibel Cannabis Company Inc:

  • The MRQ is 0.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is -1.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.6%TTM-1.5%+2.1%
TTM-1.5%YOY-0.4%-1.0%
TTM-1.5%5Y-0.9%-0.5%
5Y-0.9%10Y-0.9%0.0%

1.2. Operating Efficiency of Decibel Cannabis Company Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Decibel Cannabis Company Inc is operating .

  • Measures how much profit Decibel Cannabis Company Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Decibel Cannabis Company Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-2.4%+2.4%
TTM-2.4%YOY5.9%-8.3%
TTM-2.4%5Y-666.9%+664.5%
5Y-666.9%10Y-666.9%0.0%
1.2.2. Operating Ratio

Measures how efficient Decibel Cannabis Company Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 1.46 means that the operating costs are $1.46 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Decibel Cannabis Company Inc:

  • The MRQ is 1.456. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.664. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.456TTM1.664-0.208
TTM1.664YOY1.528+0.136
TTM1.6645Y6.519-4.854
5Y6.51910Y6.5190.000

1.3. Liquidity of Decibel Cannabis Company Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Decibel Cannabis Company Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 1.26 means the company has $1.26 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Decibel Cannabis Company Inc:

  • The MRQ is 1.262. The company is just able to pay all its short-term debts.
  • The TTM is 1.288. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.262TTM1.288-0.026
TTM1.288YOY1.273+0.015
TTM1.2885Y1.494-0.206
5Y1.49410Y1.4940.000
1.3.2. Quick Ratio

Measures if Decibel Cannabis Company Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 0.35 means the company can pay off $0.35 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Decibel Cannabis Company Inc:

  • The MRQ is 0.353. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.320. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.353TTM0.320+0.033
TTM0.320YOY0.292+0.027
TTM0.3205Y0.229+0.090
5Y0.22910Y0.2290.000

1.4. Solvency of Decibel Cannabis Company Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Decibel Cannabis Company Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Decibel Cannabis Company Inc to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.67 means that Decibel Cannabis Company Inc assets are financed with 67.4% credit (debt) and the remaining percentage (100% - 67.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Decibel Cannabis Company Inc:

  • The MRQ is 0.674. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.667. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.674TTM0.667+0.008
TTM0.667YOY0.634+0.033
TTM0.6675Y0.560+0.106
5Y0.56010Y0.5600.000
1.4.2. Debt to Equity Ratio

Measures if Decibel Cannabis Company Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 207.0% means that company has $2.07 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Decibel Cannabis Company Inc:

  • The MRQ is 2.070. The company is just not able to pay all its debts with equity.
  • The TTM is 2.002. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.070TTM2.002+0.068
TTM2.002YOY1.742+0.261
TTM2.0025Y1.461+0.541
5Y1.46110Y1.4610.000

2. Market Valuation of Decibel Cannabis Company Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Decibel Cannabis Company Inc generates.

  • Above 15 is considered overpriced but always compare Decibel Cannabis Company Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of 42.71 means the investor is paying $42.71 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Decibel Cannabis Company Inc:

  • The EOD is 30.736. Based on the earnings, the company is overpriced. -1
  • The MRQ is 42.707. Based on the earnings, the company is overpriced. -1
  • The TTM is -4.279. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD30.736MRQ42.707-11.972
MRQ42.707TTM-4.279+46.987
TTM-4.279YOY4.523-8.803
TTM-4.2795Y-4.766+0.487
5Y-4.76610Y-4.7660.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Decibel Cannabis Company Inc:

  • The EOD is 10.971. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 15.245. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 8.084. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD10.971MRQ15.245-4.273
MRQ15.245TTM8.084+7.161
TTM8.084YOY4.778+3.306
TTM8.0845Y3.523+4.561
5Y3.52310Y3.5230.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Decibel Cannabis Company Inc is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of Decibel Cannabis Company Inc:

  • The EOD is 0.792. Based on the equity, the company is cheap. +2
  • The MRQ is 1.100. Based on the equity, the company is underpriced. +1
  • The TTM is 0.868. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.792MRQ1.100-0.308
MRQ1.100TTM0.868+0.232
TTM0.868YOY0.704+0.164
TTM0.8685Y0.774+0.094
5Y0.77410Y0.7740.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Decibel Cannabis Company Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.001-0.002+253%0.001+98%0.006-80%0.006-80%
Book Value Per Share--0.1150.115+0%0.119-3%0.123-6%0.123-6%
Current Ratio--1.2621.288-2%1.273-1%1.494-16%1.494-16%
Debt To Asset Ratio--0.6740.667+1%0.634+6%0.560+20%0.560+20%
Debt To Equity Ratio--2.0702.002+3%1.742+19%1.461+42%1.461+42%
Dividend Per Share----0%-0%-0%-0%
Eps--0.001-0.002+326%0.000+140%-0.002+357%-0.002+357%
Free Cash Flow Per Share--0.0020.001+58%-0.001+135%-0.003+221%-0.003+221%
Free Cash Flow To Equity Per Share--0.0000.000+1125%-0.003+7295%-0.001+1825%-0.001+1825%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--0.310--------
Intrinsic Value_10Y_min--0.255--------
Intrinsic Value_1Y_max---0.001--------
Intrinsic Value_1Y_min---0.001--------
Intrinsic Value_3Y_max--0.020--------
Intrinsic Value_3Y_min--0.019--------
Intrinsic Value_5Y_max--0.072--------
Intrinsic Value_5Y_min--0.065--------
Market Cap37386165.331-39%51947961.12840801642.826+27%34175209.118+52%32647771.723+59%32647771.723+59%
Net Profit Margin--0.014-0.036+361%-0.012+187%-6.643+48658%-6.643+48658%
Operating Margin----0.0240%0.059-100%-6.6690%-6.6690%
Operating Ratio--1.4561.664-13%1.528-5%6.519-78%6.519-78%
Pb Ratio0.792-39%1.1000.868+27%0.704+56%0.774+42%0.774+42%
Pe Ratio30.736-39%42.707-4.279+110%4.523+844%-4.766+111%-4.766+111%
Price Per Share0.091-39%0.1270.100+27%0.084+52%0.080+59%0.080+59%
Price To Free Cash Flow Ratio10.971-39%15.2458.084+89%4.778+219%3.523+333%3.523+333%
Price To Total Gains Ratio76.769-39%106.671-77.780+173%0.798+13275%50.203+112%50.203+112%
Quick Ratio--0.3530.320+10%0.292+21%0.229+54%0.229+54%
Return On Assets--0.002-0.005+333%-0.002+172%-0.006+389%-0.006+389%
Return On Equity--0.006-0.015+326%-0.004+165%-0.009+241%-0.009+241%
Total Gains Per Share--0.001-0.002+253%0.001+98%0.006-80%0.006-80%
Usd Book Value--47207000.00046998750.000+0%48478500.000-3%50228947.368-6%50228947.368-6%
Usd Book Value Change Per Share--0.001-0.002+253%0.001+98%0.006-80%0.006-80%
Usd Book Value Per Share--0.1150.115+0%0.119-3%0.123-6%0.123-6%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.001-0.002+326%0.000+140%-0.002+357%-0.002+357%
Usd Free Cash Flow--851899.100540076.050+58%-298753.725+135%-815665.389+196%-815665.389+196%
Usd Free Cash Flow Per Share--0.0020.001+58%-0.001+135%-0.003+221%-0.003+221%
Usd Free Cash Flow To Equity Per Share--0.0000.000+1125%-0.003+7295%-0.001+1825%-0.001+1825%
Usd Market Cap37386165.331-39%51947961.12840801642.826+27%34175209.118+52%32647771.723+59%32647771.723+59%
Usd Price Per Share0.091-39%0.1270.100+27%0.084+52%0.080+59%0.080+59%
Usd Profit--304091.900-685863.450+326%-121673.575+140%-737850.105+343%-737850.105+343%
Usd Revenue--22228897.00020988599.650+6%12433529.950+79%9927184.126+124%9927184.126+124%
Usd Total Gains Per Share--0.001-0.002+253%0.001+98%0.006-80%0.006-80%
 EOD+4 -4MRQTTM+25 -7YOY+22 -115Y+18 -1410Y+18 -14

3.2. Fundamental Score

Let's check the fundamental score of Decibel Cannabis Company Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1530.736
Price to Book Ratio (EOD)Between0-10.792
Net Profit Margin (MRQ)Greater than00.014
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.353
Current Ratio (MRQ)Greater than11.262
Debt to Asset Ratio (MRQ)Less than10.674
Debt to Equity Ratio (MRQ)Less than12.070
Return on Equity (MRQ)Greater than0.150.006
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Decibel Cannabis Company Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.963
Ma 20Greater thanMa 500.085
Ma 50Greater thanMa 1000.091
Ma 100Greater thanMa 2000.096
OpenGreater thanClose0.076
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets144,945
Total Liabilities97,738
Total Stockholder Equity47,207
 As reported
Total Liabilities 97,738
Total Stockholder Equity+ 47,207
Total Assets = 144,945

Assets

Total Assets144,945
Total Current Assets74,750
Long-term Assets70,195
Total Current Assets
Cash And Cash Equivalents 3,391
Net Receivables 20,881
Inventory 48,425
Total Current Assets  (as reported)74,750
Total Current Assets  (calculated)72,697
+/- 2,053
Long-term Assets
Property Plant Equipment 62,004
Goodwill 4,259
Intangible Assets 686
Long-term Assets  (as reported)70,195
Long-term Assets  (calculated)66,949
+/- 3,246

Liabilities & Shareholders' Equity

Total Current Liabilities59,214
Long-term Liabilities38,524
Total Stockholder Equity47,207
Total Current Liabilities
Short Long Term Debt 8,748
Accounts payable 45,826
Other Current Liabilities 3,590
Total Current Liabilities  (as reported)59,214
Total Current Liabilities  (calculated)58,164
+/- 1,050
Long-term Liabilities
Long term Debt 33,036
Capital Lease Obligations Min Short Term Debt5,588
Long-term Liabilities Other 950
Long-term Liabilities  (as reported)38,524
Long-term Liabilities  (calculated)39,574
+/- 1,050
Total Stockholder Equity
Total Stockholder Equity (as reported)47,207
Total Stockholder Equity (calculated)0
+/- 47,207
Other
Capital Stock54,078
Common Stock Shares Outstanding 409,039
Net Debt 38,393
Net Invested Capital 88,991
Net Working Capital 15,536
Property Plant and Equipment Gross 62,004



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
105,060
121,138
124,819
88,545
85,709
85,452
84,096
88,733
95,400
102,730
120,398
125,929
130,506
131,620
142,786
140,880
141,926
136,675
144,945
144,945136,675141,926140,880142,786131,620130,506125,929120,398102,73095,40088,73384,09685,45285,70988,545124,819121,138105,060
   > Total Current Assets 
23,140
15,598
12,884
19,545
15,728
15,431
13,903
19,864
26,242
34,111
51,621
56,630
60,763
61,819
72,932
69,773
70,356
66,131
74,750
74,75066,13170,35669,77372,93261,81960,76356,63051,62134,11126,24219,86413,90315,43115,72819,54512,88415,59823,140
       Cash And Cash Equivalents 
19,721
11,858
6,013
11,654
4,450
3,879
1,074
3,820
1,212
3,663
11,313
1,919
2,956
3,128
4,405
2,966
3,872
3,366
3,391
3,3913,3663,8722,9664,4053,1282,9561,91911,3133,6631,2123,8201,0743,8794,45011,6546,01311,85819,721
       Net Receivables 
830
332
436
707
1,990
1,561
3,078
3,888
7,444
6,637
9,674
12,929
11,720
15,777
17,208
16,612
15,886
16,536
20,881
20,88116,53615,88616,61217,20815,77711,72012,9299,6746,6377,4443,8883,0781,5611,990707436332830
       Inventory 
805
952
757
5,016
6,577
7,596
7,935
10,285
15,201
19,680
25,442
34,656
37,859
36,856
46,070
45,424
46,963
44,214
48,425
48,42544,21446,96345,42446,07036,85637,85934,65625,44219,68015,20110,2857,9357,5966,5775,016757952805
       Other Current Assets 
1,144
1,978
1,645
885
2,711
2,395
1,816
1,076
1,206
2,461
2,025
2,460
6,601
4,678
2,226
4,771
3,635
0
0
003,6354,7712,2264,6786,6012,4602,0252,4611,2061,0761,8162,3952,7118851,6451,9781,144
   > Long-term Assets 
81,920
105,540
111,935
69,000
69,981
70,021
70,193
68,869
69,158
68,619
68,777
69,299
69,743
69,801
69,854
71,107
71,570
70,544
70,195
70,19570,54471,57071,10769,85469,80169,74369,29968,77768,61969,15868,86970,19370,02169,98169,000111,935105,54081,920
       Property Plant Equipment 
7,371
7,371
7,337
62,635
63,334
63,489
64,741
62,285
62,940
62,223
62,196
61,530
62,350
62,042
62,170
62,575
63,247
62,471
62,004
62,00462,47163,24762,57562,17062,04262,35061,53062,19662,22362,94062,28564,74163,48963,33462,6357,3377,3717,371
       Goodwill 
35,086
35,086
35,086
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,259
4,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,2594,25935,08635,08635,086
       Long Term Investments 
0
0
0
290
414
414
414
240
240
240
240
0
0
0
0
0
0
0
0
00000000240240240240414414414290000
       Intangible Assets 
24,612
26,328
26,229
474
458
443
381
284
261
196
182
421
401
392
348
332
580
686
686
68668658033234839240142118219626128438144345847426,22926,32824,612
       Long-term Assets Other 
547
2,000
111,935
69,000
522
473
398
0
0
0
0
2,412
0
0
0
0
0
0
0
00000002,412000039847352269,000111,9352,000547
> Total Liabilities 
14,878
29,844
36,961
48,660
48,133
49,949
49,474
55,302
59,000
66,234
71,204
75,194
83,346
85,781
92,606
93,669
95,069
89,955
97,738
97,73889,95595,06993,66992,60685,78183,34675,19471,20466,23459,00055,30249,47449,94948,13348,66036,96129,84414,878
   > Total Current Liabilities 
4,158
10,718
17,889
10,535
10,421
12,060
18,294
14,304
18,112
36,193
42,156
47,115
53,429
45,484
52,387
53,880
54,755
50,504
59,214
59,21450,50454,75553,88052,38745,48453,42947,11542,15636,19318,11214,30418,29412,06010,42110,53517,88910,7184,158
       Short Long Term Debt 
315
3,896
0
1,882
2,922
3,923
9,865
68
3,467
20,812
23,250
21,422
19,697
8,617
8,635
8,687
8,694
8,708
8,748
8,7488,7088,6948,6878,6358,61719,69721,42223,25020,8123,467689,8653,9232,9221,88203,896315
       Accounts payable 
3,773
6,348
11,125
4,008
4,713
5,878
7,048
11,242
13,936
14,286
18,089
24,719
32,490
35,840
42,855
44,325
44,842
40,662
45,826
45,82640,66244,84244,32542,85535,84032,49024,71918,08914,28613,93611,2427,0485,8784,7134,00811,1256,3483,773
       Other Current Liabilities 
989
989
0
0
0
0
0
0
196
322
41
242
98
0
0
0
0
0
3,590
3,590000009824241322196000000989989
   > Long-term Liabilities 
10,720
19,126
19,072
38,125
37,712
37,889
31,180
40,998
40,888
30,041
29,048
28,079
29,917
40,297
40,219
39,789
40,314
39,451
38,524
38,52439,45140,31439,78940,21940,29729,91728,07929,04830,04140,88840,99831,18037,88937,71238,12519,07219,12610,720
       Long term Debt 
3,658
8,430
8,649
32,715
32,665
33,142
26,568
37,094
36,753
25,368
24,751
24,057
25,726
36,286
35,662
35,046
34,381
33,712
33,036
33,03633,71234,38135,04635,66236,28625,72624,05724,75125,36836,75337,09426,56833,14232,66532,7158,6498,4303,658
       Capital Lease Obligations Min Short Term Debt
543
6,048
5,989
5,950
5,600
5,283
5,228
4,395
4,648
4,765
4,614
4,421
4,103
3,880
4,416
4,661
6,206
5,922
5,588
5,5885,9226,2064,6614,4163,8804,1034,4214,6144,7654,6484,3955,2285,2835,6005,9505,9896,048543
       Other Liabilities 
0
0
0
0
0
0
0
0
0
681
459
333
766
762
782
950
946
0
0
00946950782762766333459681000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
681
459
333
766
762
782
950
946
951
950
950951946950782762766333459681000000000
> Total Stockholder Equity
90,182
91,294
87,858
39,885
37,576
35,503
34,622
33,431
36,400
36,496
49,194
50,735
47,160
45,839
50,180
47,211
46,857
46,720
47,207
47,20746,72046,85747,21150,18045,83947,16050,73549,19436,49636,40033,43134,62235,50337,57639,88587,85891,29490,182
   Common Stock
12,379
12,379
12,379
42,106
42,816
42,966
43,106
43,114
43,230
43,758
53,416
53,420
53,422
53,422
53,422
53,533
53,746
0
0
0053,74653,53353,42253,42253,42253,42053,41643,75843,23043,11443,10642,96642,81642,10612,37912,37912,379
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000
   Capital Surplus 0000000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
0
0
0
8,261
8,605
9,181
9,522
10,009
10,240
10,428
14,381
15,264
16,059
16,850
4,266
16,089
16,091
0
0
0016,09116,0894,26616,85016,05915,26414,38110,42810,24010,0099,5229,1818,6058,261000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue114,022
Cost of Revenue-77,323
Gross Profit36,69936,699
 
Operating Income (+$)
Gross Profit36,699
Operating Expense-111,752
Operating Income2,270-75,053
 
Operating Expense (+$)
Research Development-
Selling General Administrative30,956
Selling And Marketing Expenses-
Operating Expense111,75230,956
 
Net Interest Income (+$)
Interest Income-
Interest Expense-2,764
Other Finance Cost-101
Net Interest Income-2,865
 
Pretax Income (+$)
Operating Income2,270
Net Interest Income-2,865
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-3,7265,401
EBIT - interestExpense = -2,764
-3,726
-962
Interest Expense2,764
Earnings Before Interest and Taxes (EBIT)--962
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-3,726
Tax Provision-0
Net Income From Continuing Ops-3,726-3,726
Net Income-3,726
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-3,1312,865
 

Technical Analysis of Decibel Cannabis Company Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Decibel Cannabis Company Inc. The general trend of Decibel Cannabis Company Inc is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Decibel Cannabis Company Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Decibel Cannabis Company Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.0975 < 0.1006 < 0.111.

The bearish price targets are: 0.0745 > 0.0744 > 0.0715.

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Decibel Cannabis Company Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Decibel Cannabis Company Inc. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Decibel Cannabis Company Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Decibel Cannabis Company Inc. The current macd is 0.00047197.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Decibel Cannabis Company Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Decibel Cannabis Company Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Decibel Cannabis Company Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Decibel Cannabis Company Inc Daily Moving Average Convergence/Divergence (MACD) ChartDecibel Cannabis Company Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Decibel Cannabis Company Inc. The current adx is 28.01.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Decibel Cannabis Company Inc shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Decibel Cannabis Company Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Decibel Cannabis Company Inc. The current sar is 0.1006.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Decibel Cannabis Company Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Decibel Cannabis Company Inc. The current rsi is 53.96. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Decibel Cannabis Company Inc Daily Relative Strength Index (RSI) ChartDecibel Cannabis Company Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Decibel Cannabis Company Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Decibel Cannabis Company Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Decibel Cannabis Company Inc Daily Stochastic Oscillator ChartDecibel Cannabis Company Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Decibel Cannabis Company Inc. The current cci is 26.65.

Decibel Cannabis Company Inc Daily Commodity Channel Index (CCI) ChartDecibel Cannabis Company Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Decibel Cannabis Company Inc. The current cmo is 13.41.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Decibel Cannabis Company Inc Daily Chande Momentum Oscillator (CMO) ChartDecibel Cannabis Company Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Decibel Cannabis Company Inc. The current willr is -35.24904215.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Decibel Cannabis Company Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Decibel Cannabis Company Inc Daily Williams %R ChartDecibel Cannabis Company Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Decibel Cannabis Company Inc.

Decibel Cannabis Company Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Decibel Cannabis Company Inc. The current atr is 0.00821455.

Decibel Cannabis Company Inc Daily Average True Range (ATR) ChartDecibel Cannabis Company Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Decibel Cannabis Company Inc. The current obv is -1,858,653.

Decibel Cannabis Company Inc Daily On-Balance Volume (OBV) ChartDecibel Cannabis Company Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Decibel Cannabis Company Inc. The current mfi is 33.86.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Decibel Cannabis Company Inc Daily Money Flow Index (MFI) ChartDecibel Cannabis Company Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Decibel Cannabis Company Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-30WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-12MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside

6.3. Candlestick Patterns

Decibel Cannabis Company Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Decibel Cannabis Company Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.963
Ma 20Greater thanMa 500.085
Ma 50Greater thanMa 1000.091
Ma 100Greater thanMa 2000.096
OpenGreater thanClose0.076
Total1/5 (20.0%)
Penke

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