ORIC PHARMACEUTICALS INC (ORIC) Stock Technical Analysis
NASDAQ:ORIC - Nasdaq - US68622P1093 - Common Stock - Currency: USD
Taking everything into account, ORIC scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ORIC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ORIC is a bad performer in the overall market: 62% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ORIC is part of the Biotechnology industry. There are 558 other stocks in this industry. ORIC outperforms 74% of them.
In the last month ORIC has a been trading in the 4.52 - 8.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ORIC has an average volume of 1156840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ORIC 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 ORIC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ORIC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.65
12.02
We found 2 important support areas.
- Support @4.89 from a trend line in the daily time frame.
- Support @4.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 8.18 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.28 from a trend line in the weekly time frame.
- Resistance @11.90 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 ORIC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORIC is up. |
| ChartMill Relative Strength | 38.06 | NEUTRAL | ORIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ORIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ORIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ORIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.38 | OVERBOUGHT | The high RSI value suggests ORIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests ORIC has a positive trend. |
| Stochastics (14,3) | 84.34 | OVERBOUGHT | The high Stochastics value suggests ORIC may be overbought. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for ORIC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for ORIC suggests a possible start of a new 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)
8.17
+0.2 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.51%
1 Week37.31%
2 Weeks72.36%
1 Month46.68%
3 Month1.74%
6 Month-17.47%
12 Month-9.12%
2 Year62.1%
3 Year144.61%
5 Year-71.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%8.31%
ATR Inc202.07%
Range Today0.94
ADR(20)0.62
ADR(20)%7.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.06
Mansfield-0.64
10 Day High8.44
10 Day Low4.63
20 Day High8.44
20 Day Low4.52
52 Week High14.67
52 Week Low3.9
CS1 End4.89
CR1 Start8.18
Volume & EV
DER(3)-1.3%
DER(5)0.47%
Volume3.62M
Volume Incr574.73%
Vol(5)4.47M
Vol(50)1.16M