OCUGEN INC. - 1H - Technical analysis published on 03/18/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3.41 USD
My targets
3.69 USD (+3.94%)
4.25 USD (+19.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OCUGEN INC. as long as the price remains well above 3.41 USD. The buyers' bullish objective is set at 3.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.25 USD. If there is any crossing, the next objective would be the resistance located at 4.53 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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Additional analysis
Quotes
OCUGEN INC. rating 3.55 USD. The price has increased by +7.90% since the last closing with the lowest point at 3.20 USD and the highest point at 3.57 USD. The deviation from the price is +10.94% for the low point and -0.56% for the high point.3.20
3.57
3.55
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of OCUGEN INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Gravestone doji
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.68 | 2.89 | 3.41 | 3.55 | 3.69 | 4.25 | 4.53 |
| Change (%) | -24.51% | -18.59% | -3.94% | - | +3.94% | +19.72% | +27.61% |
| Change | -0.87 | -0.66 | -0.14 | - | +0.14 | +0.70 | +0.98 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | 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 | 2.49 | 2.65 | 2.97 | 3.13 | 3.45 | 3.61 | 3.93 |
| Camarilla | 3.16 | 3.20 | 3.25 | 3.29 | 3.33 | 3.38 | 3.42 |
| Woodie | 2.57 | 2.69 | 3.05 | 3.17 | 3.53 | 3.65 | 4.01 |
| Fibonacci | 2.65 | 2.83 | 2.95 | 3.13 | 3.31 | 3.43 | 3.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.65 | 1.90 | 2.18 | 2.43 | 2.71 | 2.96 | 3.24 |
| Camarilla | 2.30 | 2.35 | 2.40 | 2.45 | 2.50 | 2.55 | 2.60 |
| Woodie | 1.66 | 1.91 | 2.19 | 2.44 | 2.72 | 2.97 | 3.25 |
| Fibonacci | 1.90 | 2.11 | 2.23 | 2.43 | 2.64 | 2.76 | 2.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12 | 2.01 | 2.76 | 3.65 | 4.40 | 5.29 | 6.04 |
| Camarilla | 3.07 | 3.22 | 3.37 | 3.52 | 3.67 | 3.82 | 3.97 |
| Woodie | 1.06 | 1.98 | 2.70 | 3.62 | 4.34 | 5.26 | 5.98 |
| Fibonacci | 2.01 | 2.63 | 3.02 | 3.65 | 4.27 | 4.66 | 5.29 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 85.16 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 32.94 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.32 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 3.17 | |
| Zig ZAG (10): | 3.51 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 94.75 | |
| TEMA (21): | 3.57 | |
| Williams %R (14): | -5.71 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 3.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0100 | |
| Courbe Coppock: | 43.22 |
| MA7: | 2.83 | |
| MA20: | 3.05 | |
| MA50: | 3.44 | |
| MA100: | 5.31 | |
| MAexp7: | 3.42 | |
| MAexp20: | 3.12 | |
| MAexp50: | 2.90 | |
| MAexp100: | 2.93 | |
| Price / MA7: | +25.44% | |
| Price / MA20: | +16.39% | |
| Price / MA50: | +3.20% | |
| Price / MA100: | -33.15% | |
| Price / MAexp7: | +3.80% | |
| Price / MAexp20: | +13.78% | |
| Price / MAexp50: | +22.41% | |
| Price / MAexp100: | +21.16% |
Quotes :
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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. to Present at the 34th Annual ROTH Conference
- Ocugen Provides an Update on its COVAXIN™ Pediatric (2-18) Emergency Use Authorization (EUA) Request
- Ocugen Provides Business Update With Fourth Quarter and Full Year 2021 Financial Results
- Ocugen, Inc. Announces Pricing of $53.5 Million Public Offering of Common Stock
- Ocugen, Inc. Announces Proposed Public Offering of Common Stock
This member declared not having a position on this financial instrument or a related financial instrument.
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