ONCOLYTICS BIOTECH INC (ONCY) Stock Technical Analysis
NASDAQ:ONCY - CA6823108759 - Common Stock
1.04 USD
-0.03 (-2.8%)
1.06 USD
+0.02 (+1.92%)
Overall ONCY gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ONCY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ONCY is part of the Biotechnology industry. There are 542 other stocks in this industry. ONCY outperforms 93% of them.
In the last month ONCY has a been trading in the 0.80 - 1.15 range, which is quite wide. It is currently trading near the high of this range.
ONCY has an average volume of 1066610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ONCY did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ONCY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONCY is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ONCY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.08. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ONCY 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
0.97
1.27
When analyzing the support we can see 3 important areas.
- Support @1.04 from a trend line in the daily time frame.
- A support zone ranging from 1.00 to 1.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.26 from a trend line in the weekly 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 ONCY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONCY is up. |
| ChartMill Relative Strength | 96.9 | POSITIVE | ONCY has a high relative strength, it outperformed 96.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONCY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONCY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ONCY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.62 | NEUTRAL | The RSI value for ONCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ONCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.74 | NEUTRAL | The Stochastics value for ONCY is a neutral value. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for ONCY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.27 | NEUTRAL | The ADX value for ONCY suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 1.10 | 1.03 | 0.07 (6.36%) | 15.71% |
| An entry @1.10. This is a Buy Stop order right above the resistance zone. | An exit @1.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 6.36%. | For a 1.00% total portfolio risk, you can invest 15.71% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ONCY. Please evaluate whether better entry and exit points can be found.
- 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.
1.04
-0.03 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.8%
1 Week2.97%
2 Weeks-3.7%
1 Month5.05%
3 Month205.88%
6 Month57.39%
12 Month8.45%
2 Year-54.59%
3 Year-27.56%
5 Year-40.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.49%
ATR Inc33.22%
Range Today0.12
ADR(20)0.1
ADR(20)%9.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.9
Mansfield1.48
10 Day High1.15
10 Day Low0.95
20 Day High1.15
20 Day Low0.8
52 Week High1.53
52 Week Low0.33
CS1 End1.04
CR1 Start1.08
Volume & EV
DER(3)7.08%
DER(5)-2.86%
Volume611.80K
Volume Incr-10.88%
Vol(5)665.02K
Vol(50)1.07M