OCUGEN INC. - Weekly - Technical analysis published on 03/18/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 4.40 USD
My targets
2.76 USD (-22.17%)
2.01 USD (-43.46%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OCUGEN INC. as long as the price remains well below 4.40 USD. The sellers' bearish objective is set at 2.76 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.01 USD. In case of crossing, the next objective would be the support located at 1.17 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
The OCUGEN INC. rating is 3.55 USD. Over 5 days, this instrument gained +44.90% and was traded between 2.29 USD and 2.89 USD over the period. The price is currently at +55.36% from its lowest point and +22.84% from its highest point.2.29
2.89
3.55
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
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 Weekly chart of OCUGEN INC. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.17 | 3.55 | 15.65 | 60.00 | 130.20 |
| Change (%) | -67.04% | - | +340.85% | +1,590.14% | +3,567.61% |
| Change | -2.38 | - | +12.10 | +56.45 | +126.65 |
| Level | Intermediate | - | Major | Minor | Minor |
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): | 41.15 | |
| MACD (12,26,9): | -1.1400 | |
| Directional Movement: | 9.56 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.30 | |
| Elder Ray (13): | -0.93 | |
| Super Trend (3,10): | 6.15 | |
| Zig ZAG (10): | 3.50 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 15.71 | |
| TEMA (21): | 2.23 | |
| Williams %R (14): | -63.26 | |
| Chande Momentum Oscillator (20): | -1.80 | |
| Repulse (5,40,3): | 12.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.3100 | |
| Courbe Coppock: | 100.41 |
| MA7: | 2.83 | |
| MA20: | 3.05 | |
| MA50: | 3.44 | |
| MA100: | 5.31 | |
| MAexp7: | 3.27 | |
| MAexp20: | 4.49 | |
| MAexp50: | 5.52 | |
| MAexp100: | 9.54 | |
| Price / MA7: | +25.44% | |
| Price / MA20: | +16.39% | |
| Price / MA50: | +3.20% | |
| Price / MA100: | -33.15% | |
| Price / MAexp7: | +8.56% | |
| Price / MAexp20: | -20.94% | |
| Price / MAexp50: | -35.69% | |
| Price / MAexp100: | -62.79% |
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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