ONCONOVA THERAPEUTICS INC (ONTX) Stock Technical Analysis
NASDAQ:ONTX - Nasdaq - US68232V8019 - Common Stock - Currency: USD
Taking everything into account, ONTX scores 7 out of 10 in our technical rating. 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 one of the better performing stocks in the Pharmaceuticals industry, it outperforms 92% of 198 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that ONTX is one of the better performing stocks in the market, outperforming 91% of all 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.
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
0.66
1.45
We found 3 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.9953
0 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.47%
1 Week13.12%
2 Weeks14.4%
1 Month7.02%
3 Month34.25%
6 Month41.14%
12 Month42.19%
2 Year-28.4%
3 Year-90.78%
5 Year-98.34%
10 Year-100%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%8.13%
ATR Inc100.53%
Range Today0.23
ADR(20)0.08
ADR(20)%7.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.64
Mansfield-0.19
10 Day High1.1
10 Day Low0.77
20 Day High1.1
20 Day Low0.77
52 Week High1.45
52 Week Low0.55
CS1 End0.89
CR1 Start1.02
Volume & EV
DER(3)-5.3%
DER(5)-3.48%
Volume1.28M
Volume Incr256.28%
Vol(5)377.42K
Vol(50)106.35K