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Jonathan Merton's Avatar
published in Blogs
May 12, 2023

Achieving Growth: Robot Factory's 4.62% Gain in OCGN

One such AI trading robot, developed by Swing Trader: High Volatility Stocks for Active Trading (TA&FA), recently emerged as a top performer in Tickeron's robot factory. During a week of trading, the AI trading robot generated an impressive 4.62% return for OCGN (Ocugen Inc.). Combined with positive signals from the Stochastic Oscillator and a favorable earnings report, this stock appears to be attracting the attention of traders and investors alike.

Stochastic Oscillator Signal: On May 08, 2023, the Stochastic Oscillator for OCGN moved out of the oversold territory, potentially signaling a bullish trend for the stock. This technical indicator measures the momentum of a security and helps traders identify potential buying or selling opportunities. The movement out of the oversold zone suggests that the stock may experience an upward price movement.

Based on historical data analyzed by Tickeron's A.I.dvisor, it was found that in 71 out of 77 instances where the Stochastic Oscillator left the oversold zone, the stock price subsequently moved higher in the following days. This statistical insight indicates a probability of over 90% for a positive price movement, further supporting the potential bullish trend for OCGN.

Earnings Report Overview: OCGN released its latest earnings report on May 05, revealing an earnings per share (EPS) of -7 cents. This result exceeded the market's estimate of -10 cents, indicating that the company performed better than expected. While the negative EPS suggests a loss, the fact that it surpassed expectations might still be viewed as a positive development by investors.

Market Capitalization and Shares Outstanding: With 151.21K shares outstanding, Ocugen Inc.'s current market capitalization stands at 164.77 million dollars. Market capitalization represents the total value of a company's outstanding shares and is an important metric for assessing the overall worth of a company.

Conclusion: OCGN presents an intriguing opportunity for traders and investors, supported by multiple positive factors. The AI trading robot from Swing Trader: High Volatility Stocks for Active Trading (TA&FA) delivered exceptional returns for OCGN during a week of trading. Additionally, the Stochastic Oscillator's exit from the oversold territory suggests a potential bullish trend, with historical data indicating a high probability of a positive price movement. Moreover, the earnings report surpassed expectations, reflecting a better-than-anticipated performance by Ocugen Inc. Considering these factors along with the current market capitalization and shares outstanding, OCGN emerges as an attractive stock worth monitoring closely in the coming days.

Related Ticker: OCGN

OCGN's Indicator enters downward trend

The Aroon Indicator for OCGN entered a downward trend on May 30, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 243 similar instances where the Aroon Indicator formed such a pattern. In of the 243 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for OCGN turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OCGN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 79 cases where OCGN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 09, 2023. You may want to consider a long position or call options on OCGN as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OCGN advanced for three days, in of 205 cases, the price rose further within the following month. The odds of a continued upward trend are .

OCGN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. OCGN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.568) is normal, around the industry mean (25.274). P/E Ratio (0.000) is within average values for comparable stocks, (123.513). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.391). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (316.785).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OCGN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock worse than average.

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Incyte Corp (NASDAQ:INCY), Sarepta Therapeutics (NASDAQ:SRPT), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Novavax (NASDAQ:NVAX), Sorrento Therapeutics (OTC:SRNEQ).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 2.14B. The market cap for tickers in the group ranges from 402 to 351.68B. NONOF holds the highest valuation in this group at 351.68B. The lowest valued company is PNEXF at 402.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was 1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 34%. ONPH experienced the highest price growth at 157%, while BLPH experienced the biggest fall at -90%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -47%. For the same stocks of the Industry, the average monthly volume growth was -61% and the average quarterly volume growth was -69%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 50
SMR Rating: 93
Profit Risk Rating: 94
Seasonality Score: 7 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company, which engages in the development and commercialization of therapies for eye diseases

Industry Biotechnology

Profile
Fundamentals
Details
Industry
N/A
Address
11 Great Valley Parkway
Phone
+1 484 328-4701
Employees
84
Web
https://www.ocugen.com
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OCGN and

Correlation & Price change

A.I.dvisor indicates that over the last year, OCGN has been closely correlated with INO. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if OCGN jumps, then INO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OCGN
1D Price
Change %
OCGN100%
-1.14%
INO - OCGN
66%
Closely correlated
-5.14%
BEAM - OCGN
65%
Loosely correlated
-3.71%
EDIT - OCGN
64%
Loosely correlated
+0.73%
SANA - OCGN
62%
Loosely correlated
-7.46%
VXRT - OCGN
62%
Loosely correlated
-5.75%
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