OCUGEN INC (OCGN) Stock Technical Analysis
NASDAQ:OCGN - Nasdaq - US67577C1053 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to OCGN. OCGN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
OCGN has an average volume of 6296950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, OCGN outperforms 48% of them, which is more or less in line with the market.
OCGN is an average performer in the Biotechnology industry, it outperforms 62% of 558 stocks in the same industry.
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 0.90 - 1.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OCGN has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
0.57
1.16
We found 5 important support areas.
- Support @1.01 from a trend line in the daily time frame.
- A support zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.92 from a horizontal line in the daily time frame.
- Support @0.87 from a trend line in the daily time frame.
- Support @0.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.13 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for OCGN is neutral. |
| ChartMill Relative Strength | 48.77 | NEUTRAL | OCGN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OCGN is below a declining 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) | 49.88 | NEUTRAL | The RSI value for OCGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OCGN has a negative trend. |
| Stochastics (14,3) | 40.79 | NEUTRAL | The Stochastics value for OCGN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for OCGN suggests high volalility. |
| Average Directional Index/ADX (14) | 31.15 | 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)
1.02
+0.02 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2%
1 Week-10.53%
2 Weeks6.58%
1 Month-6.42%
3 Month50.13%
6 Month43.66%
12 Month-38.55%
2 Year65.85%
3 Year-60.47%
5 Year98.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%8.11%
ATR Inc-7.22%
Range Today0.07
ADR(20)0.08
ADR(20)%7.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.77
Mansfield0.24
10 Day High1.19
10 Day Low0.91
20 Day High1.19
20 Day Low0.9
52 Week High1.72
52 Week Low0.52
CS1 End1.01
CR1 Start1.13
Volume & EV
DER(3)-4.88%
DER(5)-2.62%
Volume3.11M
Volume Incr-55.94%
Vol(5)3.55M
Vol(50)6.30M