Onconova Therapeutics Stock Technical Analysis

ONTXDelisted Stock  USD 7.93  0.00  0.00%   
As of the 23rd of April, Onconova Therapeutics holds the Coefficient Of Variation of 774.09, risk adjusted performance of 0.0895, and Semi Deviation of 0.9552. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Onconova Therapeutics, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Onconova Therapeutics, which can be compared to its competitors. Please check Onconova Therapeutics mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Onconova Therapeutics is priced some-what accurately, providing market reflects its current price of 7.93 per share. Given that Onconova Therapeutics has jensen alpha of 10.35, we recommend you to check out Onconova Therapeutics's recent market performance to make sure the company can sustain itself at a future point.

Onconova Therapeutics Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Onconova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Onconova
  
Onconova Therapeutics' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Onconova Therapeutics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Onconova Therapeutics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Onconova Therapeutics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Onconova Therapeutics Technical Analysis

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Onconova Therapeutics Trend Analysis

Use this graph to draw trend lines for Onconova Therapeutics. You can use it to identify possible trend reversals for Onconova Therapeutics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Onconova Therapeutics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Onconova Therapeutics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Onconova Therapeutics applied against its price change over selected period. The best fit line has a slop of   0.04  , which means Onconova Therapeutics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 52.63, which is the sum of squared deviations for the predicted Onconova Therapeutics price change compared to its average price change.

About Onconova Therapeutics Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Onconova Therapeutics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Onconova Therapeutics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Onconova Therapeutics price pattern first instead of the macroeconomic environment surrounding Onconova Therapeutics. By analyzing Onconova Therapeutics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Onconova Therapeutics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Onconova Therapeutics specific price patterns or momentum indicators. Please read more on our technical analysis page.

Onconova Therapeutics April 23, 2024 Technical Indicators

Most technical analysis of Onconova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Onconova from various momentum indicators to cycle indicators. When you analyze Onconova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Other Consideration for investing in Onconova Stock

If you are still planning to invest in Onconova Therapeutics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Onconova Therapeutics' history and understand the potential risks before investing.
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