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May 10, 2023

AI Bot Generates 27.58% Return for OCGN with Stochastic Oscillator Recovery

As finance analytics, I am pleased to share with you the recent performance of the AI bot Swing Trader TA-FA, which generated a return of 27.58% for OCGN. Swing Trader TA-FA is an advanced trading algorithm that combines technical analysis (TA) and fundamental analysis (FA) to identify profitable trading opportunities in the financial markets.

The Swing Trader TA-FA bot uses a variety of technical indicators, including the Stochastic Oscillator, to identify trends and momentum in the price of a security. The Stochastic Oscillator is a popular momentum indicator that compares the closing price of a security to its price range over a given period of time. When the Stochastic Oscillator falls below 20, it is considered oversold, indicating that the security may be undervalued and due to a price increase.

In the case of OCGN, Swing Trader TA-FA was able to identify that the stock was oversold, and recommended a buy position. As a result, investors who followed the bot's recommendation were able to generate a return of 27.58%.

Furthermore, the Stochastic Oscillator for OCGN has since recovered from oversold territory, indicating that the stock may be experiencing a bullish trend. This is a positive sign for investors who are looking to capitalize on the momentum of the stock.

The success of Swing Trader TA-FA in generating profits for OCGN demonstrates the potential of AI-powered trading algorithms to generate alpha in the financial markets. By combining technical and fundamental analysis, these bots are able to identify trading opportunities that may be missed by human traders.

Swing Trader TA-FA in generating a return of 27.58% for OCGN, coupled with the recovery of the stock's Stochastic Oscillator, highlights the potential of AI-powered trading algorithms to generate profits in the financial markets. As the use of AI in finance continues to grow, it will be interesting to see how these bots evolve and adapt to changing market conditions.

Related Ticker: OCGN

OCGN's Stochastic Oscillator remains in overbought zone for 9 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 .

OCGN broke above its upper Bollinger Band on May 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for OCGN entered a downward trend on May 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on OCGN as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for OCGN just turned positive on May 06, 2024. Looking at past instances where OCGN's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .

OCGN moved above its 50-day moving average on April 26, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for OCGN crossed bullishly above the 50-day moving average on May 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where OCGN advanced for three days, in of 223 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (16.234) is normal, around the industry mean (12.558). P/E Ratio (0.000) is within average values for comparable stocks, (151.642). OCGN's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.434). Dividend Yield (0.000) settles around the average of (0.066) among similar stocks. P/S Ratio (72.993) is also within normal values, averaging (241.835).

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 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 94, 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), Novavax (NASDAQ:NVAX), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Nektar Therapeutics (NASDAQ:NKTR).

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 2.73B. The market cap for tickers in the group ranges from 219 to 586.12B. NONOF holds the highest valuation in this group at 586.12B. The lowest valued company is COTQF at 219.

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 3%, and the average quarterly price growth was 61%. MRZM experienced the highest price growth at 64%, while VRPX experienced the biggest fall at -69%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was 12% and the average quarterly volume growth was 51%

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: 87
Price Growth Rating: 57
SMR Rating: 94
Profit Risk Rating: 93
Seasonality Score: 13 (-100 ... +100)
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OCGNDaily Signal changed days agoGain/Loss if shorted
 
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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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