ONCONETIX INC (ONCO) Stock Technical Analysis
USA - NASDAQ:ONCO - US68237Q2030 - Common Stock
Overall ONCO gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ONCO was also a bad performer in the overall market in the last year.
The technical rating of ONCO is bad and it also does not present a quality setup 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.
More info and screens
2.92
When analyzing the support we can see 2 important areas.
- Support @3.31 from a trend line in the daily time frame.
- Support @2.95 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @3.66 from a horizontal line in the weekly time frame.
- Resistance @3.80 from a horizontal line in the daily time frame.
- Resistance @3.92 from a trend line in the daily time frame.
- Resistance @4.15 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 ONCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONCO is neutral. |
| ChartMill Relative Strength | 2.97 | NEGATIVE | ONCO has a low relative strength, it was outperformed by 97.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ONCO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.49 | NEUTRAL | The RSI value for ONCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ONCO has a negative trend. |
| Stochastics (14,3) | 43.18 | NEUTRAL | The Stochastics value for ONCO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for ONCO suggests high volalility. |
| Average Directional Index/ADX (14) | 37.47 | POSITIVE | The high ADX value value for ONCO suggests a strong trend. |
3.39
-0.4 (-10.55%)
ONCONETIX INC / ONCO FAQ
What is the ChartMill technical rating of ONCONETIX INC (ONCO) stock?
ChartMill assigns a technical rating of 3 / 10 to ONCO.
Can you provide the trend direction for ONCONETIX INC?
The current trend direction for ONCONETIX INC (ONCO) is Bearish.
Can you provide the RSI signal for ONCONETIX INC?
ONCONETIX INC (ONCO) has an RSI value of 48.4899. This indicates that the stock is currently neutral.
What is the MACD signal for ONCONETIX INC (ONCO) stock?
The MACD indicator for ONCONETIX INC (ONCO) has a value of -0.0132828, indicating a bearish trend.
What is the short term momentum for ONCONETIX INC (ONCO) stock?
The short term momentum for ONCONETIX INC (ONCO) is neutral.