ONKURE THERAPEUTICS INC-A (OKUR) Stock Technical Analysis
USA - NASDAQ:OKUR - US68277Q1058 - Common Stock
Taking everything into account, OKUR scores 6 out of 10 in our technical rating. In the last year, OKUR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, OKUR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OKUR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 2 important support areas.
- A support zone ranging from 2.86 to 2.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.15 to 2.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @3.40 from a horizontal line in the weekly time frame.
- Resistance @3.51 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for OKUR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKUR is up. |
| ChartMill Relative Strength | 16.48 | NEGATIVE | OKUR has a low relative strength, it was outperformed by 83.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OKUR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OKUR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OKUR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.87 | NEUTRAL | The RSI value for OKUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OKUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.95 | NEUTRAL | The Stochastics value for OKUR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for OKUR suggests high volalility. |
| Average Directional Index/ADX (14) | 38.03 | POSITIVE | The high ADX value value for OKUR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.41 | 2.69 | 0.72 (21.11%) | 4.74% |
| An entry @3.41. This is a Buy Stop order right above the resistance zone. | An exit @2.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.72 points, which is 21.11%. | For a 1.00% total portfolio risk, you can invest 4.74% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.39
+0.04 (+1.19%)
ONKURE THERAPEUTICS INC-A / OKUR FAQ
Can you provide the ChartMill technical rating for ONKURE THERAPEUTICS INC-A?
ChartMill assigns a technical rating of 6 / 10 to OKUR.
Can you provide the trend direction for ONKURE THERAPEUTICS INC-A?
The current trend direction for ONKURE THERAPEUTICS INC-A (OKUR) is Bearish.
Can you provide the RSI signal for ONKURE THERAPEUTICS INC-A?
ONKURE THERAPEUTICS INC-A (OKUR) has an RSI value of 61.8709. This indicates that the stock is currently neutral.
What is the MACD signal for OKUR stock?
The MACD indicator for ONKURE THERAPEUTICS INC-A (OKUR) has a value of 0.0300548, indicating a bearish trend.