BEONE MEDICINES LTD-ADR (ONC) Technical Analysis
NASDAQ:ONC • US07725L1026
Overall ONC gets a technical rating of 0 out of 10. ONC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 61% of all other stocks performed better in the past year than ONC.
- In the last month ONC has a been trading in the 283.04 - 372.73 range, which is quite wide. It is currently trading near the lows of this range.
- ONC is an average performer in the Biotechnology industry, it outperforms 50% of 519 stocks in the same industry.
- ONC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONC is lagging the market slightly.
Although the technical rating is bad, ONC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
281.21
3 important resistance areas can be observed.
- A resistance zone ranging from 284.06 to 287.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @305.40 from a horizontal line in the daily time frame.
- Resistance @377.47 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 | DOWN | NEGATIVE | The long term trend for ONC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONC is down. |
| ChartMill Relative Strength | 39.38 | NEUTRAL | ONC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ONC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.53 | OVERSOLD | The low RSI value suggests ONC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.38 | NEGATIVE | The MACD value suggests ONC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.29 | OVERSOLD | The low Stochastics value suggests ONC may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.7 | POSITIVE | The high ADX value value for ONC suggests a strong trend. |
ONC Technicals: Chart, Performance Metrics, Trend & Indicators
284.05
-1.25 (-0.44%)
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 0 / 10 to ONC.
What is the trend direction for ONC stock?
The current trend direction for BEONE MEDICINES LTD-ADR (ONC) is Bearish.
What is the RSI signal for BEONE MEDICINES LTD-ADR (ONC) stock?
BEONE MEDICINES LTD-ADR (ONC) has an RSI value of 29.5273. This indicates that the stock is currently oversold.
What is the buy/sell signal for ONC stock?
The buy/sell signal for BEONE MEDICINES LTD-ADR (ONC) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ONC stock?
BEONE MEDICINES LTD-ADR (ONC) has a resistance level at 284.06. Check the full technical report for our detailed analysis of ONC support and resistance levels.