Taking everything into account, ONC scores 10 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, we notice that ONC is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ONC over the past year are nicely spread over this period.
- ONC is part of the Biotechnology industry. There are 525 other stocks in this industry. ONC outperforms 70% of them.
- 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 302.14 - 353.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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294.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 328.76 to 331.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @321.04 from a trend line in the weekly time frame.
- A support zone ranging from 303.80 to 312.25. 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.
When analyzing the resistance we notice one important area.
- Resistance @345.91 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 | 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 | 87.45 | POSITIVE | ONC has a high relative strength, it outperformed 87.45% 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) | DOWN | MIXED | The current price of ONC is above a declining 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) | 54.98 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests ONC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.24 | NEUTRAL | The Stochastics value for ONC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.27 | 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 |
|---|---|---|---|
| 345.92 | 328.75 | 17.17 (4.96%) | 20.15% |
| An entry @345.92. This is a Buy Stop order right above the resistance zone. | An exit @328.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.17 points, which is 4.96%. | For a 1.00% total portfolio risk, you can invest 20.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ONC. Please evaluate whether better entry and exit points can be found.
- 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.
337.79
-1.53 (-0.45%)
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 54.9778. 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 331.49 and a resistance level at 345.91. Check the full technical report for our detailed analysis of ONC support and resistance levels.