ONCOLYTICS BIOTECH INC (ONCY) Stock Technical Analysis
USA - NASDAQ:ONCY - CA6823108759 - Common Stock
We assign a technical rating of 4 out of 10 to ONCY. ONCY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ONCY has an average technical rating and also the quality of the setup is only medium 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
1.10
We found 3 important support areas.
- A support zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.14 from a trend line in the daily time frame.
- Support @1.11 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.35 from a horizontal line in the weekly time frame.
- Resistance @1.38 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for ONCY is down. |
| ChartMill Relative Strength | 66.06 | NEUTRAL | ONCY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONCY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ONCY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.81 | NEUTRAL | The RSI value for ONCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ONCY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.05 | NEUTRAL | The Stochastics value for ONCY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for ONCY suggests high volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for ONCY suggests a weak or negative trend. |
1.21
+0.01 (+0.83%)
ONCOLYTICS BIOTECH INC / ONCY FAQ
Can you provide the ChartMill technical rating for ONCOLYTICS BIOTECH INC?
ChartMill assigns a technical rating of 4 / 10 to ONCY.
Can you provide the trend direction for ONCOLYTICS BIOTECH INC?
The current trend direction for ONCOLYTICS BIOTECH INC (ONCY) is Bullish.
What is the RSI signal for ONCOLYTICS BIOTECH INC (ONCY) stock?
ONCOLYTICS BIOTECH INC (ONCY) has an RSI value of 48.8101. This indicates that the stock is currently neutral.
What is the MACD signal for ONCOLYTICS BIOTECH INC (ONCY) stock?
The MACD indicator for ONCOLYTICS BIOTECH INC (ONCY) has a value of -0.00820845, indicating a bearish trend.
What is the buy/sell signal for ONCOLYTICS BIOTECH INC (ONCY) stock?
The buy/sell signal for ONCOLYTICS BIOTECH INC (ONCY) is hold as the short term and long term trends are mixed.