OCUGEN INC (OCGN) Stock Technical Analysis
NASDAQ:OCGN - Nasdaq - US67577C1053 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to OCGN. OCGN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
OCGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OCGN is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
OCGN is part of the Biotechnology industry. There are 558 other stocks in this industry. OCGN outperforms 72% of them.
OCGN has an average volume of 4194870 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 46% of them, which is more or less in line with the market.
In the last month OCGN has a been trading in the 0.64 - 1.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, OCGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for OCGN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.56
0.99
We found 4 important support areas.
- A support zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.74 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.65 from a horizontal line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for OCGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OCGN is up. |
| ChartMill Relative Strength | 46.97 | 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) | 62.16 | 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. |
| Stochastics (14,3) | 59.1 | NEUTRAL | The Stochastics value for OCGN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.71 | HIGH VOLATILITY | The high ATR as a percentage value for OCGN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.06 | 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)
0.8872
+0.04 (+4.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.18%
1 Week0.43%
2 Weeks9.53%
1 Month24.05%
3 Month45.4%
6 Month1.98%
12 Month-44.55%
2 Year63.36%
3 Year-60.92%
5 Year302.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%8.71%
ATR Inc-46.62%
Range Today0.04
ADR(20)0.08
ADR(20)%8.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.97
Mansfield-1.34
10 Day High1.01
10 Day Low0.79
20 Day High1.01
20 Day Low0.64
52 Week High1.98
52 Week Low0.52
CS1 End0.84
CR1 Start0.93
Volume & EV
DER(3)11.51%
DER(5)7.47%
Volume3.44M
Volume Incr-19.59%
Vol(5)3.76M
Vol(50)4.19M