OCUGEN INC (OCGN) Technical Analysis
NASDAQ:OCGN • US67577C1053
Current stock price
2.48 USD
+0.14 (+5.98%)
At close:
2.4799 USD
0 (0%)
After Hours:
OCGN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to OCGN. Both in the recent history as in the last year, OCGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that OCGN is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, OCGN also shows a nice and consistent pattern of rising prices.
- OCGN is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 519 stocks in the same industry.
- A new 52 week high is currently being made by OCGN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so OCGN is leading the market.
- In the last month OCGN has a been trading in the 1.38 - 2.67 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- OCGN has an average volume of 6879570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OCGN Weekly and Daily overview Charts
OCGN Setup Rating and Analysis
Although OCGN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
OCGN Support and Resistance Analysis
1.34
2.50
4 important support areas can be observed.
- A support zone ranging from 1.64 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.44 from a trend line in the daily time frame.
- Support @1.41 from a trend line in the weekly time frame.
- Support @1.35 from a horizontal line in the daily time frame.
OCGN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OCGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCGN is up. |
| ChartMill Relative Strength | 99.08 | POSITIVE | OCGN has a high relative strength, it outperformed 99.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OCGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OCGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OCGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.97 | OVERBOUGHT | The high RSI value suggests OCGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OCGN has a positive trend. |
| Stochastics (14,3) | 87.88 | OVERBOUGHT | The high Stochastics value suggests OCGN may be overbought. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for OCGN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.98 | POSITIVE | The high ADX value value for OCGN suggests a strong trend. |
OCGN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OCGN Technicals: Chart, Performance Metrics, Trend & Indicators
2.48
+0.14 (+5.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg5.98%
1 Week54.04%
2 Weeks36.26%
1 Month75.89%
3 Month82.35%
6 Month131.78%
12 Month361.57%
2 Year51.22%
3 Year190.7%
5 Year-63.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%7.55%
ATR Inc42.24%
Range Today0.27
ADR(20)0.18
ADR(20)%7.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.08
3 months CRS98.76
6 months CRS98.4
Mansfield9.97
10 Day High2.67
10 Day Low1.54
20 Day High2.67
20 Day Low1.38
52 Week High2.67
52 Week Low0.52
CS1 End1.68
CR1 StartN/A
Volume & EV
DER(3)3.84%
DER(5)3.49%
Volume15.48M
Volume Incr189.59%
Vol(5)16.52M
Vol(50)6.88M
OCUGEN INC / OCGN TA FAQ
What is the technical rating for OCGN stock?
ChartMill assigns a technical rating of 10 / 10 to OCGN.
What is the trend direction for OCGN stock?
The current trend direction for OCUGEN INC (OCGN) is Bullish.
What is the RSI signal for OCGN stock?
OCUGEN INC (OCGN) has an RSI value of 73.9734. This indicates that the stock is currently overbought.
What is the short term momentum for OCUGEN INC (OCGN) stock?
The short term momentum for OCUGEN INC (OCGN) is positive.
What is the buy/sell signal for OCGN stock?
The buy/sell signal for OCUGEN INC (OCGN) is buy as both the short term and long term trends are positive.