BEONE MEDICINES LTD-ADR (ONC) Technical Analysis
NASDAQ:ONC • US07725L1026
Current stock price
ONC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ONC. ONC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ONC has a been trading in the 271.47 - 315.97 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 an average performer in the Biotechnology industry, it outperforms 52% of 517 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ONC Weekly and Daily overview Charts
ONC Setup Rating and Analysis
The technical rating of ONC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ONC Support and Resistance Analysis
271.97
We found 1 important support area.
- A support zone ranging from 274.72 to 276.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 310.80 to 311.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ONC is neutral. |
| ChartMill Relative Strength | 67.79 | 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 | 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) | 57.17 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.08 | POSITIVE | The MACD value suggests ONC has a positive trend. |
| Stochastics (14,3) | 91.73 | OVERBOUGHT | The high Stochastics value suggests ONC may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.35 | POSITIVE | The high ADX value value for ONC suggests a strong trend. |
ONC Chart- and CandleStick Pattern Analysis
ONC Technicals: Chart, Performance Metrics, Trend & Indicators
310.79
+2.35 (+0.76%)
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 3 / 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 57.1749. 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 neutral.
What are the support and resistance levels for BEONE MEDICINES LTD-ADR (ONC) stock?
BEONE MEDICINES LTD-ADR (ONC) has a support level at 276.24 and a resistance level at 310.8. Check the full technical report for our detailed analysis of ONC support and resistance levels.