Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OGEN
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Evaluation of Oragenics Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Oragenics Inc stock price gained 2.86% on the last trading day (Thursday, 28th Mar 2024), rising from $1.40 to $1.44. During the last trading day the stock fluctuated 4.26% from a day low at $1.41 to a day high of $1.47. The price has fallen in 5 of the last 10 days. Volume fell on the last day by -11 thousand shares and in total, 26 thousand shares were bought and sold for approximately $36.99 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current short-term trend, the stock is expected to fall -79.51% during the next 3 months and, with a 90% probability hold a price between $0.0469 and $0.295 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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OGEN Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 3.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Oragenics Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.19. On a fall, the stock will find some support from the short-term average at $1.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Oragenics Inc stock

Oragenics Inc finds support from accumulated volume at $1.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0600 between high and low, or 4.26%. For the last week the stock has had daily average volatility of 4.56%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OGEN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Oragenics Inc to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.27 and $1.61, which gives a possible trading interval of +/-$0.173 (+/-12.02%) up or down from last closing price. If Oragenics Inc takes out the full calculated possible swing range there will be an estimated 24.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.43 (0.69%) than the resistance at $1.46 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Oragenics Inc stock A Buy?

Oragenics Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.422 Sell Candidate Downgraded

Predicted Opening Price for Oragenics Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.44 ( 0.00000000%) $1.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OGEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.50 4.17 %
R2 1.48 2.58 %
R1 1.46 1.59 %
Current price: 1.44
Support S1 1.42 -1.59 %
S2 1.40 -2.57 %
S3 1.38 -4.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.48 2.78 %
R2 1.47 2.08 %
R1 1.46 1.39 %
Current price 1.44
Support S1 1.43 -0.694%
S2 1.42 -1.39%
S3 1.41 -2.08%

FAQ

What is the symbol for Oragenics Inc Stock and on which exchange is it traded?
The symbol for Oragenics Inc is OGEN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Oragenics Inc Stock?
Oragenics Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Oragenics Inc Stock?
Oragenics Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Oragenics Inc Stock.

What's the current price of Oragenics Inc Stock?
As of the end of day on the 2024-03-28, the price of an Oragenics Inc (OGEN) share was $1.44.

What is the 52-week high and low for Oragenics Inc Stock?
The 52-week high for Oragenics Inc Stock is $7.73 and the 52-week low is $1.29.

What is the market capitalization of Oragenics Inc Stock?
As of the 2024-03-28, the market capitalization of Oragenics Inc is 6.452M.

When is the next earnings date for Oragenics Inc?
The upcoming earnings date for Oragenics Inc is Apr 12, 2024.
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About Oragenics Inc

Oragenics Oragenics, Inc. develops antibiotics for infectious diseases in the United States. The company engages in the development and commercialization of NT-CoV2-1, an intranasal vaccine candidate that provides immunity from the novel severe acute respiratory syndrome coronavirus; and Terra CoV-2, an intramuscular vaccine candidate that provides immunity from the novel severe acute respiratory syndrome coronavirus. The company's product candidates also ... OGEN Profile

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