We assign a technical rating of 10 out of 10 to ONC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ONC is showing a nice and steady performance.
Although ONC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
294.98
We found 2 important support areas.
- A support zone ranging from 303.80 to 327.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @297.96 from a horizontal 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 | UP | POSITIVE | The long term trend for ONC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONC is up. |
| ChartMill Relative Strength | 88.63 | POSITIVE | ONC has a high relative strength, it outperformed 88.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.62 | POSITIVE | The MACD value suggests ONC has a positive trend. |
| Stochastics (14,3) | 76.34 | NEUTRAL | The Stochastics value for ONC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for ONC suggests a possible start of a new trend. |
333.99
-3.9 (-1.15%)
BEONE MEDICINES LTD-ADR / ONC FAQ
What is the ChartMill technical rating of BEONE MEDICINES LTD-ADR (ONC) stock?
ChartMill assigns a technical rating of 10 / 10 to ONC.
What is the trend direction for ONC stock?
The current trend direction for BEONE MEDICINES LTD-ADR (ONC) is Bullish.
What is the RSI signal for BEONE MEDICINES LTD-ADR (ONC) stock?
BEONE MEDICINES LTD-ADR (ONC) has an RSI value of 57.3712. This indicates that the stock is currently neutral.
What is the buy/sell signal for ONC stock?
The buy/sell signal for BEONE MEDICINES LTD-ADR (ONC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ONC stock?
BEONE MEDICINES LTD-ADR (ONC) has a support level at 327.89. Check the full technical report for our detailed analysis of ONC support and resistance levels.