ONCY Technical Analysis - ONCOLYTICS BIOTECH INC

Technical Rating and Analysis

Overall ONCY gets a technical rating of 8 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.

Both the short term and long term trends are positive. This is a very positive sign.

ONCY is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 538 stocks in the same industry.

ONCY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ONCY is lagging the market slightly.

ONCY has an average volume of 1018270 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 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month ONCY has a been trading in the 1.01 - 1.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ONCOLYTICS BIOTECH INC / ONCY Weekly stock chart

ONCOLYTICS BIOTECH INC / ONCY Daily stock chart

Setup Rating and Analysis

ONCY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.24, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.21

1.40

2 important support areas can be observed.

A support zone ranging from 1.24 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.22 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @1.25 from a trend line in the daily time frame.
A resistance zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	92.1	POSITIVE	ONCY has a high relative strength, it outperformed 92.1% 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)	DOWN	MIXED	The current price of ONCY is above 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)	54.38	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.
Stochastics (14,3)	48.12	NEUTRAL	The Stochastics value for ONCY is a neutral value.
Average True Range in percent/ATR (20)	8.34	HIGH VOLATILITY	The high ATR as a percentage value for ONCY suggests high volalility.
Average Directional Index/ADX (14)	29.2	POSITIVE	The high ADX value value for ONCY suggests a strong trend.