ONCOLYTICS BIOTECH INC (ONCY) Stock Technical Analysis
NASDAQ:ONCY • CA6823108759
Overall ONCY gets a technical rating of 4 out of 10. ONCY has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ONCY has an average volume of 1227570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, ONCY did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ONCY is part of the Biotechnology industry. There are 523 other stocks in this industry, ONCY did better than 68% of them.
- 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.
- In the last month ONCY has a been trading in the 0.79 - 1.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONCY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.05
When analyzing the resistance we notice 3 important areas.
- Resistance @1.21 from a trend line in the weekly time frame.
- Resistance @1.24 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 | NEUTRAL | NEUTRAL | The short term trend for ONCY is neutral. |
| ChartMill Relative Strength | 79.37 | POSITIVE | ONCY has a high relative strength, it outperformed 79.37% 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) | 56.57 | 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) | 31.38 | NEUTRAL | The Stochastics value for ONCY is a neutral value. |
| Average True Range in percent/ATR (20) | 10.13 | HIGH VOLATILITY | The high ATR as a percentage value for ONCY suggests high volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for ONCY suggests a weak or negative trend. |
1.06
+0.23 (+26.99%)
ONCOLYTICS BIOTECH INC / ONCY FAQ
What is the ChartMill technical rating of ONCOLYTICS BIOTECH INC (ONCY) stock?
ChartMill assigns a technical rating of 4 / 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 56.5723. 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 -0.00573968, indicating a bearish trend.
Can you provide the support and resistance levels for ONCOLYTICS BIOTECH INC?
ONCOLYTICS BIOTECH INC (ONCY) has a resistance level at 1.21. Check the full technical report for our detailed analysis of ONCY support and resistance levels.