OCGN Technical Analysis - OCUGEN INC

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 91% of all stocks.

OCGN is part of the Biotechnology industry. There are 536 other stocks in this industry. OCGN outperforms 80% of them.

OCGN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OCGN is lagging the market slightly.

OCGN has an average volume of 3652470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month OCGN has a been trading in the 1.00 - 1.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although OCGN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.99

1.58

When analyzing the support we can see 4 important areas.

Support @1.47 from a horizontal line in the weekly time frame.
A support zone ranging from 1.44 to 1.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.07 from a trend line in the daily time frame.
A support zone ranging from 1.00 to 1.00. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	91.12	POSITIVE	OCGN has a high relative strength, it outperformed 91.12% 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)	63.38	NEUTRAL	The RSI value for OCGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests OCGN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.23	NEUTRAL	The Stochastics value for OCGN is a neutral value.
Average True Range in percent/ATR (20)	7.09	HIGH VOLATILITY	The high ATR as a percentage value for OCGN suggests high volalility.
Average Directional Index/ADX (14)	39.68	POSITIVE	The high ADX value value for OCGN suggests a strong trend.