ONCOLYTICS BIOTECH INC (ONCY) Technical Analysis
NASDAQ:ONCY • CA6823108759
Taking everything into account, ONCY scores 7 out of 10 in our technical rating. In the past year, ONCY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ONCY has a been trading in the 0.79 - 1.19 range, which is quite wide. It is currently trading near the high of this range.
- ONCY has an average volume of 1437970 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 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ONCY is an average performer in the Biotechnology industry, it outperforms 68% of 520 stocks in the same industry.
- ONCY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONCY is lagging the market slightly.
Besides having an excellent technical rating, ONCY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.01, a Stop Loss order could be placed below this zone. 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
0.85
We found 4 important support areas.
- A support zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.95 from a trend line in the weekly time frame.
- Support @0.88 from a trend line in the daily time frame.
- Support @0.86 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.19 from a trend line in the weekly time frame.
- Resistance @1.21 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for ONCY is up. |
| ChartMill Relative Strength | 87.38 | POSITIVE | ONCY has a high relative strength, it outperformed 87.38% 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) | UP | POSITIVE | The current price of ONCY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.07 | NEUTRAL | The RSI value for ONCY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ONCY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.52 | NEUTRAL | The Stochastics value for ONCY is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for ONCY suggests high volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for ONCY suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.14 | 0.99 | 0.15 (13.16%) | 7.60% |
| An entry @1.14. This is a Buy Stop order right above the resistance zone. | An exit @0.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.15 points, which is 13.16%. | For a 1.00% total portfolio risk, you can invest 7.60% of your capital in this trade. |
- 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.
ONCY Technicals: Chart, Performance Metrics, Trend & Indicators
1.06
+0.01 (+0.95%)
ONCOLYTICS BIOTECH INC / ONCY FAQ
What is the ChartMill technical rating of ONCOLYTICS BIOTECH INC (ONCY) stock?
ChartMill assigns a technical rating of 7 / 10 to ONCY.
What is the current trend direction of ONCOLYTICS BIOTECH INC (ONCY) stock?
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 53.0672. This indicates that the stock is currently neutral.
What is the MACD signal for ONCY stock?
The MACD indicator for ONCOLYTICS BIOTECH INC (ONCY) has a value of 0.00481144, indicating a bearish trend.
Can you provide the support and resistance levels for ONCOLYTICS BIOTECH INC?
ONCOLYTICS BIOTECH INC (ONCY) has a support level at 1.01 and a resistance level at 1.13. Check the full technical report for our detailed analysis of ONCY support and resistance levels.