ONCONETIX INC (ONCO) Stock Technical Analysis
USA - NASDAQ:ONCO - US68237Q2030 - Common Stock
3.05 USD
-0.08 (-2.56%)
2.88 USD
-0.17 (-5.57%)
Taking everything into account, ONCO scores 0 out of 10 in our technical rating. ONCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ONCO is a bad performer in the overall market: 98% of all stocks are doing better.
ONCO is one of the lesser performing stocks in the Biotechnology industry. 84% of 542 stocks in the same industry do better.
ONCO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ONCO has a been trading in the 2.62 - 3.20 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, ONCO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.06. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ONCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.63
3.17
We found 1 important support area.
- A support zone ranging from 2.66 to 2.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.06 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 2.46 | NEGATIVE | ONCO has a low relative strength, it was outperformed by 97.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ONCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONCO is below a declining 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) | 49.85 | NEUTRAL | The RSI value for ONCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ONCO has a positive trend. |
| Stochastics (14,3) | 59.76 | NEUTRAL | The Stochastics value for ONCO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for ONCO suggests high volalility. |
| Average Directional Index/ADX (14) | 6.28 | NEGATIVE | The low ADX value for ONCO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.05
-0.08 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.56%
1 Week9.71%
2 Weeks1.67%
1 Month-1.29%
3 Month-35.52%
6 Month-71.99%
12 Month-70.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.27%
ATR Inc53.19%
Range Today0.09
ADR(20)0.19
ADR(20)%6.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.46
Mansfield-9.62
10 Day High3.17
10 Day Low2.69
20 Day High3.2
20 Day Low2.62
52 Week High552.5
52 Week Low2.61
CS1 End2.67
CR1 Start3.06
Volume & EV
DER(3)8.91%
DER(5)4.9%
Volume25.30K
Volume Incr-35.93%
Vol(5)55.82K
Vol(50)746.61K