$OGEN #USA #NYSE #Stocks #MedicalResearch #ShayneHeffernan
Target Price: $2.50
Oragenics, Inc. is a healthcare company.
The Company is focused on developing treatments for oral mucositis and novel antibiotics against infectious disease.
The Company is focused on developing of the TerraCoV2 immunization product candidate.
The Company’s product candidate includes, OG716, as an antibiotic, as well as other homolog antibiotic product candidates and AG013 for the treatment of oral mucositis in patients undergoing treatment for cancer.
The Company have developed other product such as weight loss candidate, LPT3-04 and SMaRT Replacement Therapy.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 0.58.
The projected upper bound is: 0.88.
The projected lower bound is: 0.64.
The projected closing price is: 0.76.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 32 white candles and 17 black candles for a net of 15 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 67.9010. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 67.13. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 135.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 5 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.
Rex Takasugi – TD Profile
ORAGENICS INC closed down -0.070 at 0.753. Volume was 161% above average (trending) and Bollinger Bands were 17% wider than normal.
Open High Low Close Volume 0.745 0.790 0.707 0.753 29,656
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 0.61 0.55 0.52 Volatility: 173 126 142 Volume: 37,279 17,503 6,323
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
ORAGENICS INC is currently 44.9% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.
Our volume indicators reflect moderate flows of volume into OGEN.N (mildly bullish). Our trend forecasting oscillators are currently bullish on OGEN.N and have had this outlook for the last 1 periods.
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