ONCONOVA THERAPEUTICS INC (ONTX) Technical Analysis
NASDAQ:ONTX • US68232V8019
Current stock price
ONTX Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ONTX. ONTX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- In the last month ONTX has a been trading in the 0.77 - 1.10 range, which is quite wide. It is currently trading near the lows of this range.
- ONTX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. ONTX outperforms 80% of them.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, ONTX did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- ONTX 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 ONTX is lagging the market slightly.
ONTX Weekly and Daily overview Charts
ONTX Setup Rating and Analysis
Although ONTX has an excellent technical rating, it does not offer a high quality setup 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
ONTX Support and Resistance Analysis
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3 important support areas can be observed.
- Support @0.89 from a trend line in the daily time frame.
- A support zone ranging from 0.70 to 0.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.67 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- 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.
- Resistance @1.34 from a trend line in the weekly time frame.
- Resistance @1.44 from a horizontal line in the weekly time frame.
ONTX 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 | NEUTRAL | NEUTRAL | The long term trend for ONTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ONTX is neutral. |
| ChartMill Relative Strength | 91.64 | POSITIVE | ONTX has a high relative strength, it outperformed 91.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ONTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.1 | NEUTRAL | The RSI value for ONTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ONTX has a positive trend. |
| Stochastics (14,3) | 66.61 | NEUTRAL | The Stochastics value for ONTX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for ONTX suggests high volalility. |
| Average Directional Index/ADX (14) | 44.2 | POSITIVE | The high ADX value value for ONTX suggests a strong trend. |
ONTX Chart- and CandleStick Pattern Analysis
ONTX Technicals: Chart, Performance Metrics, Trend & Indicators
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ONCONOVA THERAPEUTICS INC / ONTX TA FAQ
Can you provide the ChartMill technical rating for ONCONOVA THERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to ONTX.
What is the trend direction for ONTX stock?
The current trend direction for ONCONOVA THERAPEUTICS INC (ONTX) is Bearish.
What is the RSI signal for ONCONOVA THERAPEUTICS INC (ONTX) stock?
ONCONOVA THERAPEUTICS INC (ONTX) has an RSI value of 67.1036. This indicates that the stock is currently neutral.
What is the short term momentum for ONTX stock?
The short term momentum for ONCONOVA THERAPEUTICS INC (ONTX) is neutral.