BEONE MEDICINES LTD-ADR (ONC) Stock Technical Analysis
USA - NASDAQ:ONC - US07725L1026 - ADR
We assign a technical rating of 3 out of 10 to ONC. ONC was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
ONC has a bad technical rating, but it does show 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 310.80, a Stop Loss order could be placed below this zone.
More info and screens
281.29
3 important support areas can be observed.
- A support zone ranging from 310.02 to 310.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @291.47 from a horizontal line in the daily time frame.
- Support @284.13 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 351.13 to 351.14. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for ONC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ONC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ONC is below 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) | 40.92 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.75 | NEGATIVE | The MACD value suggests ONC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.71 | OVERSOLD | The low Stochastics value suggests ONC may be oversold. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for ONC suggests a weak or negative trend. |
310.81
+0.78 (+0.25%)
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 3 / 10 to ONC.
Can you provide the trend direction for BEONE MEDICINES LTD-ADR?
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 40.9174. This indicates that the stock is currently neutral.
What is the short term momentum for ONC stock?
The short term momentum for BEONE MEDICINES LTD-ADR (ONC) is negative.
What is the buy/sell signal for ONC stock?
The buy/sell signal for BEONE MEDICINES LTD-ADR (ONC) is hold as the short term and long term trends are mixed.