ORIC PHARMACEUTICALS INC (ORIC) Stock Technical Analysis
NASDAQ:ORIC - Nasdaq - US68622P1093 - Common Stock - Currency: USD
Taking everything into account, ORIC scores 8 out of 10 in our technical rating. ORIC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
ORIC is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 558 stocks in the same industry.
In the last month ORIC has a been trading in the 5.51 - 10.99 range, which is quite wide. It is currently trading near the high of this range.
ORIC has an average volume of 1221160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ORIC is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ORIC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ORIC is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ORIC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.13
12.02
2 important support areas can be observed.
- A support zone ranging from 9.02 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.18 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @10.50 from a horizontal line in the daily time frame.
- Resistance @11.04 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 | UP | POSITIVE | The long term trend for ORIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ORIC is up. |
| ChartMill Relative Strength | 94.78 | POSITIVE | ORIC has a high relative strength, it outperformed 94.78% off all stocks 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) | UP | POSITIVE | The current price of ORIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70 | NEUTRAL | The RSI value for ORIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ORIC has a negative trend. |
| Stochastics (14,3) | 81.13 | OVERBOUGHT | The high Stochastics value suggests ORIC may be overbought. |
| Average True Range in percent/ATR (20) | 8.3 | HIGH VOLATILITY | The high ATR as a percentage value for ORIC suggests high volalility. |
| Average Directional Index/ADX (14) | 38.59 | POSITIVE | The high ADX value value for ORIC suggests a strong 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)
10.23
-0.26 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.48%
1 Week13.29%
2 Weeks4.92%
1 Month76.99%
3 Month66.61%
6 Month24%
12 Month44.7%
2 Year31.83%
3 Year128.35%
5 Year-69.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%8.3%
ATR Inc15.78%
Range Today0.67
ADR(20)0.78
ADR(20)%7.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.78
Mansfield1.27
10 Day High10.99
10 Day Low8.85
20 Day High10.99
20 Day Low5.51
52 Week High14.67
52 Week Low3.9
CS1 End9.13
CR1 Start10.5
Volume & EV
DER(3)3.44%
DER(5)3.98%
Volume793.90K
Volume Incr-49.84%
Vol(5)1.03M
Vol(50)1.22M