Screening Filters
Price: $1–$5
- Purpose: Focus on lower-priced, higher-volatility names similar to OCGN.
- Rationale:
- OCGN itself trades in this range, so this filter targets stocks with comparable price dynamics.
- Swing traders often look for “cheap” stocks that can move 10–20% in a short period; sub-$1 penny stocks are excluded to avoid extreme illiquidity and manipulation.
Moving Average Relationship: PriceAboveMA20, PriceBelowMA5, PriceBelowMA10
- Purpose: Identify classic “pullback in an uptrend” swing setups.
- Rationale:
- PriceAboveMA20: The 20-day moving average represents the short/intermediate trend. Price above the 20-day MA suggests an underlying uptrend or at least constructive structure — a prerequisite for many long swing trades.
- PriceBelowMA5 & PriceBelowMA10: The stock has recently pulled back below its very short-term averages (5- and 10-day). This indicates a short-term dip or consolidation within that broader uptrend, which is often where swing traders look to enter with favorable risk/reward.
- This mirrors what you were looking at in OCGN: price near/above the 20-day but under immediate short-term averages, suggesting a pullback rather than a full trend breakdown.
MACD: bullish, positive
- Purpose: Ensure that momentum is still constructive, not deeply bearish.
- Rationale:
- A bullish or positive MACD typically means the MACD line is above the signal line and/or above zero, signaling that medium-term momentum is either turning up or already positive.
- For swing trading, this helps confirm that the pullback is happening within a broader momentum upswing, similar to the weak but positive MACD you had in your OCGN analysis.
1-Week Price Change %: -10% to +10%
- Purpose: Avoid names that have already “run away” or collapsed in the last week.
- Rationale:
- Capping the move to within -10% to +10% keeps you in names that are relatively stable or in a mild pullback/consolidation over the last week.
- This avoids chasing parabolic moves (which are often poor swing entries) and avoids catching sharp falling knives, focusing instead on manageable setups where you can define risk.
Exchange: XNAS, XNYS, XASE (NASDAQ, NYSE, AMEX)
- Purpose: Restrict to liquid, regulated U.S. exchanges.
- Rationale:
- Stocks on these exchanges generally have better liquidity, tighter spreads, and more reliable data — all important for practical swing trading.
- OCGN itself is listed on NASDAQ, so this also aligns structurally with your target type of stock.
Why Results Match Your Request
- You asked for a swing trade setup for OCGN; your previous analysis already used moving averages and MACD, which are exactly the tools embedded in these filters.
- These filters are designed to find other stocks with a similar technical profile to OCGN’s swing setup:
- low-priced, volatile names on major U.S. exchanges,
- in a short-term pullback (below 5/10-day MAs) but still in an underlying uptrend (above 20-day MA),
- with bullish/positive MACD confirming constructive momentum,
- and without an extreme move in the last week.
We don’t need any unsupported indicators to achieve this; the filters use core, widely accepted swing-trading tools (price range, moving averages, MACD, recent price change) that are effective for building setups like the one you’re planning around OCGN.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.