OCUGEN INC. - 1H - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 8.92 USD
My targets
11.21 USD (+2.00%)
13.50 USD (+22.84%)
My analysis
The basic bullish trend is very strong on OCUGEN INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8.92 USD. Crossing the first resistance at 11.21 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.50 USD as an objective. Crossing it would then enable buyers to target 18.60 USD. Caution, a return to below 8.92 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
The OCUGEN INC. price is 10.99 USD. The price registered an increase of +7.22% on the session and was between 8.92 USD and 13.50 USD. This implies that the price is at +23.21% from its lowest and at -18.59% from its highest.8.92
13.50
10.99
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OCUGEN INC.:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of OCUGEN INC. in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.60 | 3.07 | 8.92 | 10.99 | 11.21 | 13.50 | 18.60 |
| Change (%) | -76.34% | -72.07% | -18.84% | - | +2.00% | +22.84% | +69.24% |
| Change | -8.39 | -7.92 | -2.07 | - | +0.22 | +2.51 | +7.61 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.27 | 8.38 | 9.32 | 10.43 | 11.37 | 12.48 | 13.42 |
| Camarilla | 9.69 | 9.87 | 10.06 | 10.25 | 10.44 | 10.63 | 10.81 |
| Woodie | 7.18 | 8.34 | 9.23 | 10.39 | 11.28 | 12.44 | 13.33 |
| Fibonacci | 8.38 | 9.17 | 9.65 | 10.43 | 11.22 | 11.70 | 12.48 |
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): | 51.84 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | 8.78 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 11.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.13 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 13.52 | |
| Zig ZAG (10): | 10.99 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 45.96 | |
| TEMA (21): | 10.90 | |
| Williams %R (14): | -54.80 | |
| Chande Momentum Oscillator (20): | 0.60 | |
| Repulse (5,40,3): | -0.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.0900 | |
| Courbe Coppock: | 23.39 |
| MA7: | 8.71 | |
| MA20: | 4.43 | |
| MA50: | 2.56 | |
| MA100: | 1.43 | |
| MAexp7: | 11.03 | |
| MAexp20: | 10.97 | |
| MAexp50: | 9.02 | |
| MAexp100: | 6.70 | |
| Price / MA7: | +26.18% | |
| Price / MA20: | +148.08% | |
| Price / MA50: | +329.30% | |
| Price / MA100: | +668.53% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +21.84% | |
| Price / MAexp100: | +64.03% |
Quotes :
2021-02-11 20:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on OCUGEN INC.. At the time of publication of this analysis, the latest news was as follows:
- Ocugen, Inc. Announces Closing of $23 Million Registered Direct Offering of Common Stock
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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