Taking everything into account, ONCY scores 2 out of 10 in our technical rating. ONCY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
ONCY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.99, a Stop Loss order could be placed below this zone.
More info and screens
0.85
We found 4 important support areas.
- A support zone ranging from 0.98 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.94 from a trend line in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
- Support @0.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.35 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 | NEUTRAL | NEUTRAL | The long term trend for ONCY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONCY is neutral. |
| ChartMill Relative Strength | 33.75 | NEUTRAL | ONCY is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ONCY is below a declining 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) | 49.62 | 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) | 73.59 | NEUTRAL | The Stochastics value for ONCY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for ONCY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for ONCY suggests a weak or negative trend. |
1.01
0 (0%)
ONCOLYTICS BIOTECH INC / ONCY FAQ
Can you provide the ChartMill technical rating for ONCOLYTICS BIOTECH INC?
ChartMill assigns a technical rating of 2 / 10 to ONCY.
Can you provide the trend direction for ONCOLYTICS BIOTECH INC?
The current trend direction for ONCOLYTICS BIOTECH INC (ONCY) is Bearish.
What is the RSI signal for ONCOLYTICS BIOTECH INC (ONCY) stock?
ONCOLYTICS BIOTECH INC (ONCY) has an RSI value of 49.6184. 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 0.0117873, indicating a bearish trend.