Oncology Pharma Stock Forecast
Volatile ride for Oncology Pharma stock price on Wednesday moving between $0.0001 and $0.0002
(Updated on Mar 27, 2024)
No changes to the price of Oncology Pharma stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 9900% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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ONPH Signals & Forecast
The Oncology Pharma stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.00002929 and $0.00003223. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, January 04, 2024, and so far it has fallen -75.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Oncology Pharma stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 2,000.00%.
Our recommended stop-loss: $0.00009366 (-6.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 57 days ago.)
Trading Expectations (ONPH) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Oncology Pharma Inc. to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00005273 and $0.0001, which gives a possible trading interval of +/-$0.00004727 (+/-47.27%) up or down from last closing price. If Oncology Pharma Inc. takes out the full calculated possible swing range there will be an estimated 94.55% move between the lowest and the highest trading price during the day.
Is Oncology Pharma Inc. stock A Buy?
Oncology Pharma holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.240 Hold/Accumulate Unchanged
Predicted Opening Price for Oncology Pharma Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.0001 ( 33.33%) | $0.0001 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONPH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0002 | 133.33 % | |
R2 | 0.0002 | 95.13 % | ||
R1 | 0.0002 | 71.53 % | ||
Current price: | 0.0001 | |||
Support | S1 | 0.00009513 | -4.87 % | |
S2 | 0.00007153 | -28.47 % | ||
S3 | 0.00003333 | -66.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0001 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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