ORIC PHARMACEUTICALS INC (ORIC) Technical Analysis
NASDAQ:ORIC • US68622P1093
Overall ORIC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ORIC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ORIC did better than 92% of all other stocks. We also observe that the gains produced by ORIC over the past year are nicely spread over this period.
- ORIC is part of the Biotechnology industry. There are 519 other stocks in this industry. ORIC outperforms 77% of them.
- ORIC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ORIC is performing more or less in line with the market.
- ORIC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ORIC has an average volume of 1569100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ORIC has an excellent technical rating, but the quality of the setup is only medium 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
7.88
We found 4 important support areas.
- A support zone ranging from 13.39 to 13.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.82 to 10.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.15 from a horizontal line in the weekly time frame.
- Support @7.96 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @13.72 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 | 92 | POSITIVE | ORIC has a high relative strength, it outperformed 92% 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) | 67.77 | NEUTRAL | The RSI value for ORIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ORIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.01 | OVERBOUGHT | The high Stochastics value suggests ORIC may be overbought. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for ORIC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.49 | POSITIVE | The high ADX value value for ORIC suggests a strong trend. |
ORIC Technicals: Chart, Performance Metrics, Trend & Indicators
13.71
-0.14 (-1.01%)
ORIC PHARMACEUTICALS INC / ORIC FAQ
Can you provide the ChartMill technical rating for ORIC PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 10 / 10 to ORIC.
Can you provide the trend direction for ORIC PHARMACEUTICALS INC?
The current trend direction for ORIC PHARMACEUTICALS INC (ORIC) is Bullish.
What is the RSI signal for ORIC PHARMACEUTICALS INC (ORIC) stock?
ORIC PHARMACEUTICALS INC (ORIC) has an RSI value of 67.7732. This indicates that the stock is currently neutral.
What is the MACD signal for ORIC stock?
The MACD indicator for ORIC PHARMACEUTICALS INC (ORIC) has a value of 0.173687, indicating a bearish trend.
What is the buy/sell signal for ORIC stock?
The buy/sell signal for ORIC PHARMACEUTICALS INC (ORIC) is buy as both the short term and long term trends are positive.