BEONE MEDICINES LTD-ADR (ONC) Stock Technical Analysis
NASDAQ:ONC • US07725L1026
We assign a technical rating of 9 out of 10 to ONC. Both in the recent history as in the last year, ONC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ONC did better than 77% of all other stocks.
- ONC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ONC is lagging the market slightly.
- In the last month ONC has a been trading in the 328.91 - 365.60 range, which is quite wide. It is currently trading near the high of this range.
- ONC is an average performer in the Biotechnology industry, it outperforms 65% of 521 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ONC also presents a decent setup pattern. 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 351.54, a Stop Loss order could be placed below this zone.
More info and screens
294.98
We found 5 important support areas.
- A support zone ranging from 347.56 to 351.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 328.55 to 331.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @321.21 from a trend line in the daily time frame.
- A support zone ranging from 303.80 to 311.01. This zone is formed by a combination of multiple trend lines 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 | 77.4 | POSITIVE | ONC has a high relative strength, it outperformed 77.4% 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) | 57.52 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ONC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.11 | OVERBOUGHT | The high Stochastics value suggests ONC may be overbought. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.29 | NEGATIVE | The low ADX value for ONC suggests a weak or negative 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 |
|---|---|---|---|
| 365.61 | 347.55 | 18.06 (4.94%) | 20.24% |
| An entry @365.61. This is a Buy Stop order right above the 10 day high. | An exit @347.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 18.06 points, which is 4.94%. | For a 1.00% total portfolio risk, you can invest 20.24% 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.
354.48
-4.57 (-1.27%)
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 9 / 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 57.5183. 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 351.54. Check the full technical report for our detailed analysis of ONC support and resistance levels.