ONCOCYTE CORP (OCX)

US68235C2061 - Common Stock

3.19  +0.14 (+4.59%)

After market: 2.89 -0.3 (-9.4%)

Technical Rating and Analysis

6

Overall OCX gets a technical rating of 6 out of 10. In the last year, OCX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, OCX outperforms 57% of them, which is more or less in line with the market.
OCX is an average performer in the Biotechnology industry, it outperforms 69% of 574 stocks in the same industry.
OCX 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 OCX is lagging the market slightly.
In the last month OCX has a been trading in the 2.84 - 3.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
OCX Weekly chart
OCX Daily chart
Setup Rating and Analysis

8

OCX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OCX 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.
Support and Resistance Analysis

2.48

3.48

When analyzing the support we can see 6 important areas.

  • A support zone ranging from 3.07 to 3.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.94 from a horizontal line in the weekly time frame.
  • Support @2.86 from a horizontal line in the daily time frame.
  • Support @2.75 from a trend line in the daily time frame.
  • Support @2.63 from a trend line in the weekly time frame.
  • A support zone ranging from 2.50 to 2.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 3.19 to 3.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 3.31 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @3.45 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.28
Mansfield-0.36
10 Day High3.24
10 Day Low2.91
20 Day High3.34
20 Day Low2.84
52 Week High4.34
52 Week Low2.08
Performance
1 Week1.51%
2 Weeks-0.62%
1 Month3.57%
3 Month16.42%
6 Month6.33%
12 Month-3.63%
2 Year-78.15%
3 Year-95.52%
5 Year-92.4%
10 YearN/A
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
RSI(14)53.93
LBB3.01
UBB3.24
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
3.213.060.15 (4.67%)21.40%
An entry @3.21. This is a Buy Stop order right above the resistance zone.An exit @3.06. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.15 points, which is 4.67%.When investing 21.40% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of OCX. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OCX Daily chart

ONCOCYTE CORP

NASDAQ:OCX (9/6/2024, 8:00:02 PM)

After market: 2.89 -0.3 (-9.4%)

3.19

+0.14 (+4.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.59%
1 Week1.51%
2 Weeks-0.62%
1 Month3.57%
3 Month16.42%
6 Month6.33%
12 Month-3.63%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.19
ATR(20)%6.36%
ATR Inc
Range Today0.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.24
10 Day Low2.91
20 Day High3.34
20 Day Low2.84
52 Week High4.34
52 Week Low2.08
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.80K
Volume Incr-28.6%
Vol(5)10.36K
Vol(50)34.65K