BEONE MEDICINES LTD-ADR (ONC) Stock Technical Analysis
USA - NASDAQ:ONC - US07725L1026 - ADR
Overall ONC gets a technical rating of 7 out of 10. Although ONC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although ONC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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292.53
3 important support areas can be observed.
- A support zone ranging from 321.34 to 324.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 308.21 to 310.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @295.48 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 | 0 | NEGATIVE | ONC has a low relative strength, it was outperformed by 100% 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) | UP | POSITIVE | The current price of ONC is above 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) | 53.85 | NEUTRAL | The RSI value for ONC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.39 | POSITIVE | The MACD value suggests ONC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.54 | NEUTRAL | The Stochastics value for ONC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ONC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.37 | POSITIVE | The high ADX value value for ONC suggests a strong 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 |
|---|---|---|---|
| 357.59 | 327.02 | 30.57 (8.55%) | 11.70% |
| An entry @357.59. This is a Buy Stop order right above the 10 day moving average. | An exit @327.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 30.57 points, which is 8.55%. | When investing 11.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
347.72
-1.57 (-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 7 / 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 53.848. 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 positive.
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.