OCUGEN INC (OCGN) Stock Technical Analysis
NASDAQ:OCGN - Nasdaq - US67577C1053 - Common Stock - Currency: USD
Taking everything into account, OCGN scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, OCGN is a bad performer.
66% of all other stocks performed better in the past year than OCGN.
Both the short term and long term trends are positive. This is a very positive sign.
OCGN has an average volume of 4895710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OCGN is part of the Biotechnology industry. There are 558 other stocks in this industry, OCGN did better than 65% of them.
OCGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OCGN is lagging the market.
In the last month OCGN has a been trading in the 0.80 - 1.29 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.
OCGN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.56
1.14
We found 3 important support areas.
- Support @0.98 from a horizontal line in the daily time frame.
- Support @0.80 from a trend line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.13 from a horizontal line in the weekly time frame.
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 | 34.87 | NEUTRAL | OCGN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OCGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | NEUTRAL | The RSI value for OCGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OCGN has a negative trend. |
| Stochastics (14,3) | 37.61 | NEUTRAL | The Stochastics value for OCGN is a neutral value. |
| Average True Range in percent/ATR (20) | 10.05 | HIGH VOLATILITY | The high ATR as a percentage value for OCGN suggests high volalility. |
| Average Directional Index/ADX (14) | 40.04 | POSITIVE | The high ADX value value for OCGN suggests a strong trend. |
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)
1.04
+0.01 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.48%
1 Week-4.59%
2 Weeks-7.96%
1 Month8.57%
3 Month30.08%
6 Month22.99%
12 Month-32.9%
2 Year91.49%
3 Year-54.19%
5 Year371.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%10.05%
ATR Inc12.2%
Range Today0.07
ADR(20)0.1
ADR(20)%9.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.87
Mansfield0.22
10 Day High1.29
10 Day Low0.95
20 Day High1.29
20 Day Low0.8
52 Week High1.98
52 Week Low0.52
CS1 End0.98
CR1 Start1.13
Volume & EV
DER(3)-2.83%
DER(5)-5.64%
Volume5.21M
Volume Incr16.83%
Vol(5)7.28M
Vol(50)4.90M