Oragenics Inc Forecast and Stock Analysis
Technical OGEN stock analysis for February 15, 2019.
|Shorts||1.08% ( 2019-01-31 )|
Oragenics Inc gained 4.13% in the last trading day, rising from $0.91 to $0.95 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -0.01% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.88 million more shares were traded than the day before. In total, 2.58 million shares bought and sold for approximately $2.45 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the OGEN stock was $0.95. This is 4.13% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 9.56% from a day low at $0.90 to a day high of $0.99.
30 day high of the OGEN stock price was $1.11 and low was $0.86.
90 day high was $1.67 and low was $0.70.
52 week high for the Oragenics Inc - $4.20 and low - $0.38.
Oragenics Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.01% during the next 3 months and, with 90% probability hold a price between $0.56 and $1.26 at the end of this period.
Only positive signals in the chart today. Oragenics Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.91 and $0.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Oragenics Inc finds support from accumulated volume at $0.93.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.09 (9.56%) between high and low. For the last week, the stock has had a daily average volatility of 4.91%.
Our recommended stoploss: $0.91 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.