Taking everything into account, ORIC scores 2 out of 10 in our technical rating. ORIC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ORIC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.89. Right above this resistance zone may be a good entry point.
More info and screens
10.53
When analyzing the support we notice one important area.
- Support @10.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.89 to 11.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.54 from a trend 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 ORIC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ORIC is down. |
| ChartMill Relative Strength | 64.63 | NEUTRAL | ORIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ORIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ORIC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ORIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.04 | NEUTRAL | The RSI value for ORIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ORIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.99 | OVERSOLD | The low Stochastics value suggests ORIC may be oversold. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for ORIC suggests high volalility. |
| Average Directional Index/ADX (14) | 11.8 | NEGATIVE | The low ADX value for ORIC suggests a weak or negative trend. |
10.98
+0.33 (+3.1%)
ORIC PHARMACEUTICALS INC / ORIC FAQ
Can you provide the ChartMill technical rating for ORIC PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 2 / 10 to ORIC.
What is the trend direction for ORIC stock?
The current trend direction for ORIC PHARMACEUTICALS INC (ORIC) is Bearish.
What is the RSI signal for ORIC PHARMACEUTICALS INC (ORIC) stock?
ORIC PHARMACEUTICALS INC (ORIC) has an RSI value of 38.0447. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ORIC PHARMACEUTICALS INC?
The MACD indicator for ORIC PHARMACEUTICALS INC (ORIC) has a value of -0.117122, indicating a bearish trend.
Can you provide the short term momentum for ORIC PHARMACEUTICALS INC?
The short term momentum for ORIC PHARMACEUTICALS INC (ORIC) is negative.