ORGANOVO HOLDINGS INC (ONVO) Stock Technical Analysis
NASDAQ:ONVO - Nasdaq - US68620A2033 - Common Stock - Currency: USD
Overall ONVO gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 part of the Biotechnology industry. There are 561 other stocks in this industry, of which 84% 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.
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
2.02
2.07
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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.32
Mansfield-6.56
10 Day High2.2
10 Day Low1.56
20 Day High3.12
20 Day Low1.56
52 Week High21.96
52 Week Low1.56
Performance
1 Week22.89%
2 Weeks4.08%
1 Month-28.17%
3 Month-50.29%
6 Month-61.53%
12 Month-83%
2 Year-91.28%
3 Year-94.08%
5 Year-97.99%
10 Year-99.81%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)40.04
LBB1.5
UBB2.31
2.04
+0.03 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.49%
1 Week22.89%
2 Weeks4.08%
1 Month-28.17%
3 Month-50.29%
6 Month-61.53%
12 Month-83%
2 Year-91.28%
3 Year-94.08%
5 Year-97.99%
10 Year-99.81%
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%13.7%
ATR Inc31.49%
Range Today0.22
ADR(20)0.26
ADR(20)%12.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.32
Mansfield-6.56
10 Day High2.2
10 Day Low1.56
20 Day High3.12
20 Day Low1.56
52 Week High21.96
52 Week Low1.56
CS1 EndN/A
CR1 Start2.04
Volume & EV
DER(3)8.64%
DER(5)7.93%
Volume244.90K
Volume Incr-67.16%
Vol(5)200.04K
Vol(50)9.46M