BEONE MEDICINES LTD-ADR (ONC) Technical Analysis
NASDAQ:ONC • US07725L1026
Current stock price
ONC Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ONC. ONC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ONC has a been trading in the 271.47 - 320.30 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, ONC outperforms 67% of them, which is more or less in line with the market.
- ONC is part of the Biotechnology industry. There are 516 other stocks in this industry, ONC did better than 51% of them.
- ONC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONC is lagging the market.
ONC Weekly and Daily overview Charts
ONC Setup Rating and Analysis
ONC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
ONC Support and Resistance Analysis
271.97
We found 2 important support areas.
- A support zone ranging from 309.64 to 315.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 274.72 to 279.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @319.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 365.82 to 365.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @377.47 from a horizontal line in the daily time frame.
ONC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ONC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONC is up. |
| ChartMill Relative Strength | 67.2 | NEUTRAL | ONC is not amongst the best or worst performers 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) | 60.6 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.93 | POSITIVE | The MACD value suggests ONC has a positive trend. |
| Stochastics (14,3) | 85.7 | OVERBOUGHT | The high Stochastics value suggests ONC may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.15 | NEUTRAL | The ADX value for ONC suggests a possible start of a new trend. |
ONC Chart- and CandleStick Pattern Analysis
ONC Technicals: Chart, Performance Metrics, Trend & Indicators
319.94
+9.94 (+3.21%)
BEONE MEDICINES LTD-ADR / ONC TA FAQ
What is the ChartMill technical rating of BEONE MEDICINES LTD-ADR (ONC) stock?
ChartMill assigns a technical rating of 4 / 10 to ONC.
What is the trend direction for ONC stock?
The current trend direction for BEONE MEDICINES LTD-ADR (ONC) is Bearish.
Can you provide the RSI signal for BEONE MEDICINES LTD-ADR?
BEONE MEDICINES LTD-ADR (ONC) has an RSI value of 60.6011. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BEONE MEDICINES LTD-ADR?
The short term momentum for BEONE MEDICINES LTD-ADR (ONC) is positive.
What are the support and resistance levels for BEONE MEDICINES LTD-ADR (ONC) stock?
BEONE MEDICINES LTD-ADR (ONC) has a support level at 315.52 and a resistance level at 319.95. Check the full technical report for our detailed analysis of ONC support and resistance levels.