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Apr 27, 2023

How an AI Robot Boosted OCGN's Profit by 7.11%

This AI trading robot from Day Trader ($2K per position): Medium Volatility Stocks for Active Trading (TA&FA), was a top performer in our robot factory over a month, generating 7.11% for OCGN.

OCGN, a medium volatility stock, has been actively traded using both technical analysis (TA) and fundamental analysis (FA) through an AI trading robot from Day Trader that costs $2K per position. This trading robot has been a top performer in the robot factory over a month, generating a 7.11% return for OCGN. However, the recent MACD histogram turning negative on April 25, 2023, is a bearish signal indicating a potential decline in the stock's price going forward.

Tickeron's A.I.dvisor has conducted a historical analysis on 49 instances where the MACD histogram turned negative, revealing that in 47 of the 49 cases, the stock moved lower in the following days. This puts the odds of a downward move at 90%. Therefore, traders and investors should be cautious when trading OCGN, especially given the current bearish signal.

Fundamentally, OCGN's last earnings report on February 28 showed earnings per share of -10 cents, meeting the estimate of -10 cents. This indicates that the company is meeting expectations but not generating a profit yet. With 732.65K shares outstanding, the current market capitalization sits at 163.03M, reflecting the stock's perceived value by the market.

The technical analysis of OCGN's MACD histogram indicates a potential decline in the stock's price going forward, and the fundamental analysis shows that the company is not yet generating a profit. These factors should be taken into consideration by traders and investors when making trading decisions on OCGN.

Related Ticker: OCGN

OCGN saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for OCGN moved out of overbought territory on May 22, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 44 similar instances where the indicator exited the overbought zone. In of the 44 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, 2024. 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 56 similar instances when the indicator turned negative. In of the 56 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 .

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.

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 .

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 .

The Aroon Indicator entered an Uptrend today. In of 112 cases where OCGN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 (14.881) is normal, around the industry mean (12.548). P/E Ratio (0.000) is within average values for comparable stocks, (151.597). OCGN's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.451). Dividend Yield (0.000) settles around the average of (0.066) among similar stocks. P/S Ratio (66.667) is also within normal values, averaging (222.244).

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 2.77B. The market cap for tickers in the group ranges from 219 to 599.53B. NONOF holds the highest valuation in this group at 599.53B. 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 -2%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 57%. RGTPQ experienced the highest price growth at 222%, while JAGX experienced the biggest fall at -70%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was -24%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was 146%

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: 59
SMR Rating: 94
Profit Risk Rating: 93
Seasonality Score: 12 (-100 ... +100)
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A.I.Advisor
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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
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Address
11 Great Valley Parkway
Phone
+1 484 328-4701
Employees
84
Web
https://www.ocugen.com
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