ORGANOVO HOLDINGS INC (ONVO) Technical Analysis
NASDAQ:ONVO • US68620A2033
Current stock price
ONVO Technical Rating and Analysis
Overall ONVO gets a technical rating of 0 out of 10. ONVO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ONVO is a bad performer in the overall market: 98% of all stocks are doing better.
- ONVO is one of the lesser performing stocks in the Biotechnology industry. 87% of 518 stocks in the same industry do better.
- ONVO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ONVO is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- ONVO has an average volume of 9464030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ONVO has a been trading in the 1.56 - 3.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ONVO Weekly and Daily overview Charts
ONVO Setup Rating and Analysis
Although the technical rating is bad, ONVO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.04. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ONVO 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
ONVO Support and Resistance Analysis
2.02
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.04 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ONVO 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 | DOWN | NEGATIVE | The long term trend for ONVO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONVO is down. |
| ChartMill Relative Strength | 2.32 | NEGATIVE | ONVO has a low relative strength, it was outperformed by 97.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONVO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONVO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.04 | NEUTRAL | The RSI value for ONVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ONVO has a positive trend. |
| Stochastics (14,3) | 49.24 | NEUTRAL | The Stochastics value for ONVO is a neutral value. |
| Average True Range in percent/ATR (20) | 13.7 | HIGH VOLATILITY | The high ATR as a percentage value for ONVO suggests high volalility. |
| Average Directional Index/ADX (14) | 10.87 | NEGATIVE | The low ADX value for ONVO suggests a weak or negative trend. |
ONVO Chart- and CandleStick Pattern Analysis
ONVO Technicals: Chart, Performance Metrics, Trend & Indicators
2.04
+0.03 (+1.49%)
ORGANOVO HOLDINGS INC / ONVO TA FAQ
What is the ChartMill technical rating of ORGANOVO HOLDINGS INC (ONVO) stock?
ChartMill assigns a technical rating of 0 / 10 to ONVO.
What is the current trend direction of ORGANOVO HOLDINGS INC (ONVO) stock?
The current trend direction for ORGANOVO HOLDINGS INC (ONVO) is Bearish.
What is the RSI signal for ORGANOVO HOLDINGS INC (ONVO) stock?
ORGANOVO HOLDINGS INC (ONVO) has an RSI value of 40.0371. This indicates that the stock is currently neutral.
What is the short term momentum for ONVO stock?
The short term momentum for ORGANOVO HOLDINGS INC (ONVO) is negative.
What is the buy/sell signal for ONVO stock?
The buy/sell signal for ORGANOVO HOLDINGS INC (ONVO) is sell as both the short term and long term trends are negative.