OCUGEN INC (OCGN) Stock Technical Analysis
NASDAQ:OCGN - US67577C1053 - Common Stock
1.03 USD
0 (0%)
1.0101 USD
-0.02 (-1.93%)
We assign a technical rating of 4 out of 10 to OCGN. OCGN was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
81% of all other stocks performed better in the past year than OCGN.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month OCGN has a been trading in the 0.96 - 1.07 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OCGN has an average volume of 3947430 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 542 other stocks in this industry, OCGN did better than 49% 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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, OCGN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1.03, a Stop Loss order could be placed below this zone.
More info and screens
0.59
1.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.98 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 in multiple time frames.
- Support @0.60 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @1.05 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.17 from a horizontal line in the daily time frame.
- Resistance @1.20 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for OCGN is neutral. |
| ChartMill Relative Strength | 19.01 | NEGATIVE | OCGN has a low relative strength, it was outperformed by 80.99% 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) | DOWN | MIXED | The current price of OCGN is above a declining 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) | 50.5 | NEUTRAL | The RSI value for OCGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OCGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.96 | NEUTRAL | The Stochastics value for OCGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for OCGN suggests some volalility. |
| Average Directional Index/ADX (14) | 9.78 | NEGATIVE | The low ADX value for OCGN suggests a weak or negative 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)
1.03
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-1.9%
2 Weeks1.98%
1 Month3%
3 Month-2.83%
6 Month68.8%
12 Month-9.65%
2 Year157.5%
3 Year-42.13%
5 Year232.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%3.96%
ATR Inc-24.16%
Range Today0.03
ADR(20)0.04
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.01
Mansfield0.72
10 Day High1.07
10 Day Low1
20 Day High1.07
20 Day Low0.96
52 Week High1.29
52 Week Low0.52
CS1 End1.03
CR1 Start1.05
Volume & EV
DER(3)2.65%
DER(5)1.86%
Volume1.10M
Volume Incr-35.99%
Vol(5)1.39M
Vol(50)3.95M