OCUGEN INC. - Weekly - Technical analysis published on 02/08/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.15 USD
My targets
18.60 USD (+18.47%)
102.40 USD (+552.23%)
My analysis
OCUGEN INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.15 USD. The next resistance located at 18.60 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 102.40 USD. After this resistance, buyers could then target 139.80 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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Additional analysis
Quotes
OCUGEN INC. rating 15.70 USD. The price registered an increase of +767.40% over 5 days with the lowest point at 3.11 USD and the highest point at 5.90 USD. The deviation from the price is +404.82% for the low point and +166.10% for the high point.3.11
5.90
15.70
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCUGEN INC.:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this OCUGEN INC. chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Weekly
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Weekly
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.40 | 15.70 | 18.60 | 102.40 | 139.80 |
| Change (%) | -97.45% | - | +18.47% | +552.23% | +790.45% |
| Change | -15.30 | - | +2.90 | +86.70 | +124.10 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 1.96 | 3.61 | 4.75 | 6.40 | 7.54 | 9.19 |
| Camarilla | 4.48 | 4.74 | 4.99 | 5.25 | 5.51 | 5.76 | 6.02 |
| Woodie | 1.07 | 2.09 | 3.86 | 4.88 | 6.65 | 7.67 | 9.44 |
| Fibonacci | 1.96 | 3.03 | 3.69 | 4.75 | 5.82 | 6.48 | 7.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.50 | 0.11 | 2.68 | 4.29 | 6.86 | 8.47 | 11.04 |
| Camarilla | 4.10 | 4.48 | 4.87 | 5.25 | 5.63 | 6.02 | 6.40 |
| Woodie | -1.02 | 0.35 | 3.16 | 4.53 | 7.34 | 8.71 | 11.52 |
| Fibonacci | 0.11 | 1.71 | 2.69 | 4.29 | 5.89 | 6.87 | 8.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.15 | 0.12 | 0.95 | 2.22 | 3.05 | 4.32 | 5.15 |
| Camarilla | 1.19 | 1.39 | 1.58 | 1.77 | 1.96 | 2.16 | 2.35 |
| Woodie | -1.38 | 0.01 | 0.72 | 2.11 | 2.82 | 4.21 | 4.92 |
| Fibonacci | 0.12 | 0.93 | 1.42 | 2.22 | 3.03 | 3.52 | 4.32 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 93.98 | |
| MACD (12,26,9): | 1.7100 | |
| Directional Movement: | 76.81 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 4.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | 10.12 | |
| Super Trend (3,10): | 7.43 | |
| Zig ZAG (10): | 15.31 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 73.83 | |
| TEMA (21): | 5.54 | |
| Williams %R (14): | -12.69 | |
| Chande Momentum Oscillator (20): | 11.76 | |
| Repulse (5,40,3): | 57.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 12.7100 | |
| Courbe Coppock: | 2,657.30 |
| MA7: | 4.31 | |
| MA20: | 3.10 | |
| MA50: | 1.90 | |
| MA100: | 1.10 | |
| MAexp7: | 4.96 | |
| MAexp20: | 2.87 | |
| MAexp50: | 3.03 | |
| MAexp100: | 14.08 | |
| Price / MA7: | +264.27% | |
| Price / MA20: | +406.45% | |
| Price / MA50: | +726.32% | |
| Price / MA100: | +1,327.27% | |
| Price / MAexp7: | +216.73% | |
| Price / MAexp20: | +447.39% | |
| Price / MAexp50: | +418.48% | |
| Price / MAexp100: | +11.58% |
Quotes :
2021-02-08 19:57:49
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on OCUGEN INC. at the time of the analysis were as follows:
- Ocugen Inc. Announces $23 Million Registered Direct Offering of Common Stock Priced at a Premium to Market
- Ocugen and Bharat Biotech Announce Execution of Definitive Agreement for the Commercialization of COVAXIN™ in the US Market
- Ocugen Inc. Announces the Cancellation of Stockholder Meeting Previously Adjourned to 11:00 a.m. Eastern Time on January 13, 2021
- Ocugen Inc. Regains Compliance with Nasdaq Bid Price Rule
- Ocugen Inc. to Present at CTIC, HC Wainwright and Noble Capital Investor Conferences
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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