Question 1

What implications does the 10-day RSI indicator have for ONCY?

Accepted Answer

The RSI Oscillator for ONCY moved out of oversold territory on August 14, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 36 similar instances when the indicator left oversold territory. In 27 of the 36 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about ONCY's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 50 of 67 cases where ONCY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 3

How did ONCY's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ONCY as a result. In 75 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 4

What does MACD indicator imply for ONCY?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for ONCY turned negative on August 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 43 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What is the significance of the 50-day moving average indicator for ONCY?

Accepted Answer

ONCY moved below its 50-day moving average on July 31, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What does a 3-day decline signify for ONCY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ONCY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does ONCY breaking above its upper Bollinger Band indicate?

Accepted Answer

ONCY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

How does the Aroon Indicator reflect on ONCY's trend?

Accepted Answer

The Aroon Indicator for ONCY entered a downward trend on August 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ONCY Stock Oncolytics Biotech (ONCY, $1.13) Stochastic Oscillator left the oversold zone on May 16, 2024

ONCY's RSI Indicator ascends from oversold territory

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