ORGANOVO HOLDINGS INC (ONVO) Technical Analysis
NASDAQ:ONVO • US68620A2033
Current stock price
ONVO Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ONVO. ONVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than ONVO.
- ONVO is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 87% are performing better than ONVO.
- 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
ONVO has a bad technical rating, but it does show a decent setup pattern. 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
We found 1 important resistance 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.