ONCONOVA THERAPEUTICS INC (ONTX) Stock Technical Analysis
USA - NASDAQ:ONTX - US68232V8019 - Common Stock
Overall ONTX gets a technical rating of 7 out of 10. 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.
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.
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When analyzing the support we can see 3 important areas.
- 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.
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. |
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ONCONOVA THERAPEUTICS INC / ONTX FAQ
Can you provide the ChartMill technical rating for ONCONOVA THERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to ONTX.
Can you provide the trend direction for ONCONOVA THERAPEUTICS INC?
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.
Can you provide the short term momentum for ONCONOVA THERAPEUTICS INC?
The short term momentum for ONCONOVA THERAPEUTICS INC (ONTX) is neutral.